EV Solutions Startup Numocity Raises Funds From Ideaspring Capital And Others

#News(Startup) [ via IoTGroup ]

Headings…
EV Solutions Startup Numocity Raises Funds From Ideaspring Capital And Othe
Recent Posts
ReNew Power Secures $450 Mn Funds Through Dollar Bonds
Humanoid Joins ISRO’s Gaganyaan Space Mission Set For Dec 2020
SaaS Startup SmartKarrot Grabs Angel Funding To Ramp Up Indian Operations
Even The World’s Richest Man Cannot Avoid WhatsApp Hacking
Is Mastercard Extending Pine Labs Partnership With Investment?
Japanese VCs, Invest India Highlight Opportunities For Indian Startups In J
Updates In Our Privacy Policy

Auto extracted Text……

SaaS-based early-stage tech startup Numocity Technologies has raised an undisclosed amount from Ideaspring Capital, Rebright Partners and ABB Technology Ventures (ATV).
The startup provides digital solutions for electric mobility infrastructure.
It offers an end-to-end middleware solution with various use cases including fixed charging infrastructure, battery swap management, analytics for fleet operations and a value-added services platform built with mobility intelligence and data for the electric vehicle (EV) ecosystem.
“As the adoption of EVs picks up globally Numocity’s solution will become very valuable to all the players in the EV ecosystem.
The founders’ background gives them a unique edge to solve the problem of interoperability the EV ecosystem faces,” said Naganand Doraswamy, MD, Ideaspring Capital in a statement.
Ideaspring Capital is an early-stage venture fund that invests in product innovation startups in India focused on global B2B and B2B2C markets.
“We are excited to take our vision of creating a robust energy infrastructure for E-Mobility and accelerate the transition of transportation towards a cleaner and greener future.
We believe we have found the right partners who share our vision and back us to realize our goals,” said Siddharth Sreenivasan, cofounder, Numocity.
The Bengaluru-based tech startup was founded by Ravikiran Annaswamy, Siddharth Sreenivasan, and Muralidhar Somisetty in December 2018.
The startup’s middleware platform handles interworking between electric grid, charging infrastructure and battery.
The platform also uses technologies such as the Internet of Things (IoT) and radio-frequency identification (RFID), advanced intelligence to bring efficiency and optimal utilisation of key assets to enable growth in e-mobility adoption.
“Our goal is to be a world-class player with solutions built for scale and global reach

Read More..
AutoTextExtraction by Working BoT using SmartNews 1.02976805238 Build 26 Aug 2019