What is Prakriti?
Prakriti is establishing a global revolution in commercially used electric vehicles, initiating its operations in India with ambitions for worldwide expansion. The company's core offering is a unique app-based taxi service designed to combat climate change and reduce the carbon footprint. By providing emission-free journeys, Prakriti aims to enhance customer experience while contributing to environmental well-being. The service addresses the shortcomings of existing cab services, optimizing user satisfaction through its electric-powered fleet.
How much funding has Prakriti raised?
Prakriti has raised a total of $5M across 1 funding round:
Other Financing Round
$5M
Other Financing Round (2022): $5M with participation from IEG - Investment Banking Group
Key Investors in Prakriti
IEG - Investment Banking Group
IEG - Investment Banking Group is a leading global investment banking house specializing in midcap and SME sectors, offering services including M&A and financing. Their focus on digitalization and internationalization aligns with Prakriti's global expansion goals.
What's next for Prakriti?
The recent major strategic investment signals a critical growth phase for Prakriti, likely enabling the company to scale its operations, expand its fleet, and enhance its technological infrastructure. This enterprise-level funding is expected to accelerate its mission to combat climate change through sustainable mobility, positioning Prakriti for significant market penetration and global influence in the burgeoning EV taxi service industry.
See full Prakriti company page
