Mitsui has invested $14.5m in SmartE, which will use the proceeds to expand its fleet of electric-powered rickshaws and strengthen its charging infrastructure.

India-based electric vehicle (EV) technology developer SmartE has received Rs 1bn ($14.5m) in a series B round that featured diversified conglomerate Mitsui, LiveMint reported on Sunday. Founded in 2014, SmartE provides a fleet of electric-powered rickshaws that are used by customers for short trips around cities in India. It has also built EV charging infrastructure…

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