What is Vidyut?
Headquartered in Bangalore, India, Vidyut operates at the intersection of financial technology and sustainable transportation. The company functions as a specialized loan provider tailored specifically for the electric vehicle ecosystem, addressing the unique credit requirements of EV adopters and fleet operators. By leveraging proprietary data analytics and a deep understanding of the Indian mobility market, Vidyut mitigates the risks associated with asset-backed lending in the EV space. Its market position is defined by its ability to facilitate seamless credit access, thereby accelerating the adoption of electric vehicles across the region. As a critical enabler of the green transition, the firm provides the necessary liquidity to support both individual consumers and commercial entities in their shift toward sustainable energy solutions.
How much funding has Vidyut raised?
Vidyut has raised a total of $26.5M across 4 funding rounds:
Debt
$4M
Series A
$10M
Series A
$10M
Other Financing Round
$2.5M
Debt (2022): $4M with participation from Veda VC, Sahil Barua, Kunal Shah, and Force Ventures
Series A (2024): $10M led by Saison Capital, 3one4 Capital, and Alteria Capital
Series A (2024): $10M supported by 3one4 Capital, Saison Capital, and Alteria Capital
Other Financing Round (2025): $2.5M featuring Flourish
Key Investors in Vidyut
Saison Capital
Saison Capital is a venture capital firm that invests in early-stage companies at the pre-seed and seed stages across various sectors, including fintech, e-commerce, and web3. Backed by a $30 billion financial services conglomerate, the firm leverages its extensive resources and operator-first experience to support ambitious founders globally.
3one4 Capital
3one4 Capital is a venture capital firm focused on supporting early-stage, mission-oriented companies in India that aim for inclusive value creation and sustainable growth. The firm employs a deep-involvement model to help founders navigate market leadership by leveraging consumer insights and growth opportunities.
Alteria Capital
Alteria Capital is India's leading venture debt fund, dedicated to supporting innovative startups backed by top-tier VC sponsors. The firm provides customized financial solutions that fuel growth, empower entrepreneurs to scale, and help preserve founder ownership.
What's next for Vidyut?
With this latest capital infusion, Vidyut is well-positioned to scale its lending operations and enhance its technological infrastructure. The company is expected to focus on expanding its footprint within the Indian market, potentially diversifying its product suite to include more sophisticated financial instruments for EV infrastructure development. Given the current momentum in the EV sector, Vidyut will likely prioritize strategic partnerships with original equipment manufacturers (OEMs) and charging network providers to create a comprehensive financial ecosystem. The firm's ability to maintain its growth trajectory will depend on its continued success in managing credit risk while scaling its loan book in a competitive, high-growth environment.
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