MoveInSync Secures $15 Million Funding from Bessemer Venture Partners for EV-Driven Employee Commute
In a strategic move to bolster its transition towards eco-friendly commuting solutions, Bengaluru-based employee transportation startup, MoveInSync Technology, has successfully raised $15 million in its Series C funding round. The investment, led by Bessemer Venture Partners, marks a significant milestone for the startup founded in 2009 and comes nearly six years after its Series B funding round that raised $8 million with Nexus Venture Partners at the helm.
The fresh infusion of capital is earmarked for the advancement of MoveInSync’s transformative platform, MoveInSync One. This integrated platform seamlessly merges fleet management, operations, and cutting-edge technology to empower enterprises in offering cost-effective and efficient commuting solutions for their employees. Notably, a substantial portion of the funding will be directed towards accelerating MoveInSync’s shift towards deploying more electric vehicles (EVs) within its comprehensive employee commute ecosystem.
The move aligns with the global trend towards sustainable and green transportation alternatives, reinforcing MoveInSync’s commitment to eco-conscious practices in the corporate commuting sphere. As enterprises increasingly prioritize environmentally responsible practices, MoveInSync’s focus on expanding its electric vehicle fleet is poised to meet the rising demand for eco-friendly commuting options.
“The funding from Bessemer Venture Partners represents a pivotal moment for MoveInSync, providing the impetus needed to enhance our capabilities in offering efficient, cost-effective, and eco-friendly employee commutes,” commented Founder of MoveInSync Technology.
With the funding infusion, MoveInSync aims to not only fortify its position in the employee transportation sector but also contribute significantly to the broader objective of sustainable and green mobility solutions. The strategic partnership with Bessemer Venture Partners further solidifies MoveInSync’s trajectory as a key player in shaping the future of corporate commuting, particularly in the context of an accelerating shift towards electric vehicles and eco-conscious transportation practices.
