India, July 8 -- Electric mobility startup Milo Drive has raised $2.4 Mn (about Rs.22.9 Cr) in a seed funding round co-led by Caret Capital and Antler. The funding round also saw participation from Alteria Capital, India Angel Network (IAN) Capital, Climate Angels, Aureolis Capital and other investors.

Founded in 2024 by Monil Jayeshkumar Khatri and Vishal Jewrajka, Milo Drive operates a tech platform that claims to help electric cab drivers and small fleet owners run more profitable businesses by connecting them to ride demand, charging infrastructure, and fleet management tools.

In a statement, Milo Drive said it plans to use the fresh capital to strengthen its multi-channel demand network and expand its fleet operator base with a foc...