India, Feb. 19 -- Electric mobility startup Pluto Mobility has raised $2 Mn (Rs.18.21 Cr) in a seed funding round led by Version One Ventures, with participation from Grad Capital. Besides, the round also saw participation from angel investors that include executives working with companies like Delhivery, OfBusiness and Pixxel.

Founded in 2024 by Akshat Bhatia and Himanshu Panda, Pluto engineers scooter-sized EVs purpose-built for last-mile delivery. It plans to use the fresh capital to strengthen engineering and product development, expand its team, and prepare for pilot deployments across key urban markets.

It is pertinent to note that the startup is yet to launch its maiden EV product. The scooter-sized vehicle would be fully covered...