<ul><li>Urja Mobility, an electric vehicle (EV) battery leasing startup, has raised INR 100 Cr in a pre-Series A funding round.</li><li>The funding, led by Mufin Green Finance Limited and Hindon Mercantile Limited, will be used to scale operations and expand the pay-per-use battery leasing model.</li><li>The capital will also support the expansion of retail outlets in Tier II & III cities and the development of the product portfolio and supply chain.</li><li>Urja Mobility plans to raise an additional INR 250 Cr in Q1 2025 to further scale its retail network.</li></ul>

Urja Mobility Bags INR 100 Cr In A Mix Of Debt & Equity To Lease EV Batteries

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