India
The funds will support expansion and entry into new markets.
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Bundle operates a shared rewards network.
The funding also saw participation from Japan’s Persol Venture Partners and existing investor Capria Ventures.
The company’s total funding to date stands at $7.5 million.
The raise comes less than twelve months after Aukera closed a $15m equity round.
The fresh capital will be utilised to expand market presence.
BatX plans to expand recycling and refining capacity and strengthen R&D.
Existing investors Cactus Venture Partners and India Alternatives also joined the round.
Amigos Venture Capital anchored the pre-seed round.
The company plans to use the funds to expand into the US, Europe and West Asia.
