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ZipGo raises Rs 2-billion funding from Subhash Chandra-led Essel Group

The investment is in line with Essel Infraprojects' foray into electric vehicle segment this year

ZipGo
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ZipGo's women-only bus service has received amazing response

T E Narasimhan Chennai
ZipGo, an app-based provider of intra- and inter-city bus services in India, has raised Series B investment from Subhash Chandra-led Essel Group. The funding is by Essel Green Mobility (EGM), a subsidiary of Essel Infraprojects Ltd (EIL), the infrastructure arm of the Essel Group. 

Ashok Agarwal, CEO - New Initiatives, Essel Infraprojects Limited, said the company has invested Rs 2 billion in ZipGo’s current bus business to expand fleet and route network and to transition to a 100 per cent electric-buses fleet. 

The company will be investing an additional Rs 1 billion over the next 12 months to launch electric

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