altM raises $10.3 million in Series A to scale manufacturing
In short
Cleantech startup altM raised $10.3 million, or ₹97.5 crore, in a Series A round. The round was led by new investors Rainmatter, according to the summary.
The money is meant to help altM scale manufacturing.
Why it matters
The reported purpose is to scale manufacturing, which points to a growth-stage financing event for the cleantech startup.