Tirex Chargers posted 67% hike in scale in FY23, losses drop 70% Tirex Chargers, an EV charging company in Ahmedabad, experienced a 67% revenue increase to Rs 13.3 crore in FY23. Offering AC and DC chargers from 7kW to 360kW, it serves various vehicles and has installed 10,000 kW chargers for clients like Foton and Olectra. Despite a 68% rise in expenses, it maintained revenue parity, supported by a Seed round of Rs 15 crore in 2022. #thekredible #Startup #StartupNews #Data #Insights #TirexChargers #ElectricVehicles #StartupInvestment #GreenTechnology #RenewableEnergy #AutomotiveIndustry #RevenueGrowth https://thekredible.com/blogs/tirex-chargers-posted-67-hike-in-scale-in-fy23-losses-drop-70

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The EV fast-charging system market was valued at $8.39 billion in 2023 and is expected to reach $33.15 billion by 2033, with a CAGR of 14.73% from 2023 to 2033. Read Report Overview: https://bisresearch.com/industry-report/electric-vehicle-fast-charging-system-market-report.html

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BluSmart raising $24 Mn in pre Series B BluSmart Mobility, an EV ride-hailing and charging hub operator, is raising Rs 200 crore ($24 million) in a pre-Series B funding round by issuing over a million preference shares. This capital-intensive company, founded in 2019, operates 4,400 EV chargers and 7,000 vehicles, competing with Ola and Uber with a unique scheduled pick-up model. Despite significant revenue growth, from Rs 160 crore in FY23 to Rs 390 crore in FY24, audited financials are pending. BluSmart is also expanding to Dubai. #Entrackr #Fintrackr #News #Startup #StartupNews #BluSmart #ElectricVehicles #GreenMobility #SustainableTransport #Startup #DubaiLaunch #RevenueGrowth https://entrackr.com/2024/05/blusmart-raising-24-mn-from-existing-investors/

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