Funding round
Vertelo Growth
Reported as "Growth Equity"
Vertelo, which works in e-mobility solutions development in Mumbai, raised $1.50B in a Growth round announced on 22 Apr 2024. 1 firm took part.
$1.50B
Amount raised
Not disclosed
Post-money valuation
1
Investors
no lead named
Valuation
What this round says about the price
Vertelo did not disclose a valuation in this round. It is Vertelo's first venture round on record, in the year it was founded (2024). No later venture round is on record for Vertelo.
Vertelo's funding rounds
This is the only venture round on record for Vertelo.
- Growth this round 22 Apr 2024 $1.50B
Investors
Who put money in
1 firm took part; no lead investor was named.
Investors
Comparable rounds
How it compares
The closest in time, other companies' Growth rounds in Car Rental:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Car Rental | 10 Apr 2024 | $217M | not disclosed | Hy24 |
| Car Rental | 26 Aug 2024 | $6.3M | not disclosed | Taiwan Mobile |
| Car Rental | 2 Sep 2024 | $60M | not disclosed | not named |
| Moove Car Rental | 10 Aug 2023 | $76M | $550M | Mubadala |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Vertelo raise in its Growth round?
Vertelo raised $1.50B in its Growth round, announced in Apr 2024.
Which investors took part in Vertelo's Growth round?
Green Climate Fund.
What was Vertelo's valuation at the Growth round?
It was not disclosed.