As part of its Series A fundraising round, bp Ventures invested $9 million to Zingbus, an intercity bus platform based in Delhi. With an emphasis on fleet management, route optimization, pricing, and ticketing via its digital platform, Zingbus provides bus operators and customers with technologically advanced solutions.
Serving more than two million passengers in 300 cities since its founding in 2019, Zingbus has collaborated with small and medium-sized bus operators. The organization wants to promote safer and more effective intercity travel while addressing issues like accessibility and service reliability.
Traditional bus operators can use Zingbus’ platform to help them switch from internal combustion engine (ICE) buses to electric vehicles (EVs). Co-founder and CEO of Zingbus Prashant Kumar emphasized the financial advantages of electric vehicles over diesel buses as well as the prospects brought about by the Indian government’s goal of having a fleet of entirely electric buses by 2030. “Our platform solves operational issues and expedites the switch to electric buses, establishing a scalable model for the future,” Kumar said.
Additionally, Jio-bp Pulse, the joint venture between Reliance and bp, has struck a commercial arrangement with the firm to use its network of EV charging stations. The 5,000th charge point milestone was recently achieved by Jio-bp Pulse, which runs a network of public fast-charging stations and charging hubs in cities and along highways.
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