Delhi-based intercity electric bus startup LeafyBus has secured $4.1 million (₹34 crore) in a fresh funding round to expand its fleet and accelerate operations. The round was led by a group of venture capital firms and angel investors focused on clean mobility and sustainable transport.
Founded in 2022, LeafyBus aims to make long-distance travel in India eco-friendly by replacing diesel buses with electric alternatives. The company currently operates on popular intercity routes in North India and plans to expand to tier-1 and tier-2 cities over the next 12 months.
According to the company, the funds will be used to:
- Expand its fleet of electric buses.
- Strengthen the charging infrastructure across highways.
- Improve technology and passenger experience.
- Scale operations to more states by 2026.
India’s intercity bus market is valued at over $30 billion, but the segment remains largely dominated by diesel buses. With a rise in fuel prices and the government push for electric mobility, startups like LeafyBus are expected to play a key role in transforming the sector.
Summary Table:
| Detail | Information |
|---|---|
| Startup | LeafyBus |
| Headquarters | Delhi, India |
| Industry | Intercity Electric Mobility |
| Funding Raised | $4.1 million (₹34 crore) |
| Founded | 2022 |
| Use of Funds | Fleet expansion, charging infra, tech upgrades, scale operations |
| Market Opportunity | $30B+ Indian intercity bus market |
| Mission | Eco-friendly, affordable, comfortable intercity travel |
