Scootev, one of Bangalore’s largest fleet operators, is set to raise funds at a valuation of Rs 100 crore, positioning itself as a dominant player in the rapidly growing electric vehicle (EV) industry. The company, founded by entrepreneur Murad Khan, has already made a name for itself in Bangalore’s EV ecosystem by providing efficient, eco-friendly, and cost-effective mobility solutions.
With over 3,000 active e-bikes on the streets, Scootev is poised to scale its operations, strengthen its infrastructure, and enhance its technology to meet the growing market demands. The company aims to double its fleet size in the next year, making electric mobility more accessible than ever.
Scootev’s vision is to reshape the future of urban transport by providing sustainable, affordable, and convenient options for commuters. With a robust operational framework, cutting-edge fleet management, and deep market penetration, the company is well-positioned to lead the EV revolution in India.
The funding will be used to expand the fleet, enhance charging infrastructure, invest in advanced IoT-driven tracking systems, and boost last-mile connectivity solutions. Scootev has already attracted top investors and strategic partners, signaling strong confidence in its business model and vision.
As one of Bangalore’s largest fleet operators, Scootev is setting new benchmarks in sustainable urban mobility. This funding round is a testament to its rapid growth and market dominance, and the company is expected to continue to drive innovation and growth in the EV sector.