Background: Founded in 2020, the company is a climate-tech startup in the new energy automotive industry. It currently manufactures a wide variants of Electric 2W with different target segments.
Track-record: In just three years, the company has crossed US$6M in revenues and delivered more than 20,000 vehicles. The company has a strong presence in India, with operations in 15+ states and over 150+ exclusive retail outlets.
Agreements: The Indian Government has awarded the company a mandate under the Production Linked Incentive (PLI) Scheme for Auto, which is a significant achievement for a startup in the E-Mobility space. The company has also secured a captive NBFC license to enhance consumer financing for its E2Ws.
Management Overview: The company is founded by young entrepreneurs’ management team with over 150 years of cumulative experience across key management team members in the renewable energy sector.
Deal Size:
Deal Type:
Financing Type:
US$5 - US$10M
Within 6 Months
Equity
Sector:
Country:
Electric Mobility
India
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