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Gurgaon Shuttl's urban mobility startup raised $ 11 million in a series B round of financing led by Amazon Alexa Fund and Dentsu Ventures with existing investors.
The investment will help Shuttl to consolidate its leading position in technology
This will also allow Shuttl to expand its geographic reach and serve more consumers in Indian cities.
"At Shuttl, our mission is to ward off everyone's pain and reduce congestion in Indian cities. We have demonstrated that this can be done on a large scale, we will continue to improve the consumer experience, design more routes and restore the dignity of transport for millions of people. About this new round of investment, and welcome to Amazon and Dentsu Ventures to be part of this exciting journey, "said Amit Singh, CEO and co-founder, Shuttl.
" Taking the Urban Journey daily, Shuttl seeks to solve a significant and relevant customer pain point. Amazon is impressed by Shuttl's journey so far and enthusiastic to support missionary founders and management teams, "said Amit Agarwal, Vice President and Chief of the Amazon Region
" Millions of People use public transport. The voice represents a new practical way to handle these types of daily routines, and we look forward to supporting Shuttl in their work to deliver this experience to Amazon Alexa's clients across India, "said Paul Bernard , director of Amazon Alexa Fund.
Shuttl's smart buses serve 45,000 daily trips to Delhi-NCR and are present in seven cities in India, including pilots in Calcutta and Pune.
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