India, Oct. 13 -- Everstone Capital-backed EV startup GreenCell Mobility has raised Rs.330 Cr ($34.6 Mn) in an equity funding round led by Impact Fund Denmark to support the rollout of about 4,500 electric buses currently under deployment.

The Mumbai-based startup is eyeing expanding its fleet to more than 5,000 e-buses across 105 cities across India.

"Our focus is on executing our order book with rigour, strengthening service delivery and ensuring that the organisation keeps pace with the size and complexity of our operations. This equity investment gives us greater headroom to accelerate our plans while maintaining the standards of reliability, efficiency and customer experience that are fundamental to our business," GreenCell Mobilit...