EV financing startup Vidyut raises $2.5 million from Flourish Ventures

Founded in 2021 by ex-Swiggy and Bounce executives Xitij Kothi and Gaurav Srivastava, Vidyut offers a full-stack ecosystem for commercial and passenger EV ownership. The company said its asset-underwriting algorithms and battery health data analysis enable it to offer affordable financing through its battery subscription model, making EVs more accessible.