Am­bee raises seed fund­ing

Commercial Vehicle - - NEWS -

The am­bu­lance hail­ing plat­form, Am­bee has raised seed fund­ing from Uber Tech­nolo­gies Inc. to ex­pand its busi­ness. The com­pany, claim sources, has also raised fund­ing from Amaya Cap­i­tal LLP and some an­gel in­vestors. The amount of in­vest­ment was not dis­closed by Am­bee, which started op­er­a­tions in 2016. A tech­nol­ogy plat­form that en­ables users to dis­cover the near­est am­bu­lances on­line, Am­bee has tied up with pri­vate hos­pi­tal op­er­a­tors and large am­bu­lance own­ers to list their am­bu­lances on its on­line plat­form. A B2B model that runs small B2C pi­lots, Am­bee op­er­ates at Hy­der­abad and Bangalore. It plans to ex­pand in five met­ros by the year end. Rais­ing USD 200,000 fund­ing from an­gel in­vestors last year to de­sign and build the prod­uct, the cur­rent round is ex­pected to be used for val­i­da­tion; to in­stall GPS in am­bu­lances, and to strengthen the plat­form by adding more fea­tures.

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