NovoJuris assists Vidyut Tech in its Pre-Seed financing

Approximately ₹330.3 crores ($4 million) was raised in this funding round.

Bar & Bench

Published:14th Dec, 2022 at 1:08 PM

Vidyut Tech has raised approximately ₹330.3 crores ($4 million) in a mix of equity and debt in a round co-led by Force Ventures, Veda VC, and a clutch of strategic angels in the clean energy space.

NovoJuris Legal has been working with the company since its initial stages and supported in business model, equity financings, debt financings, strategic commercial transactions, along with this pre-seed financing transaction.

The transaction team consisted of Sharda Balaji (Partner), Rishi Ahuja (Associate) and Urmil Shah (Associate).

Vidyut Tech, founded by Xitij Kothi and Gaurav Srivastava, is focused on EV financing and vehicle lifecycle management.

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NovoJuris assists Vidyut Tech in its Pre-Seed financing

Approximately ₹330.3 crores ($4 million) was raised in this funding round.

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