COMPANY OVERVIEW
Background: Founded in 2018, the company is engaged in design, development, manufacture and supply of intelligent, efficient, reliable and robust electric motors for Electric Vehicles (EV) and other applications.
The company also provides motor control and powertrain solutions. The company has developed patented inventions on motor control system for EV and motors.
Management Team: The company is led by an experienced management team with an average experience of over 25 years.
Operating Team: Based in Bengaluru, India, the operating team consists of motor experts, electronics engineers, electrical engineers, mechanical designers and manufacturing experts.
USE OF FUNDS
- Increasing manufacturing capabilities (50%)
- Development of new products and technologies (25%)
- Establishment of testing facilities (15%)
- Further development of sales and marketing functions (15%).
POTENTIAL IMPACT
Technology, products and solutions manufactured by the company are used in the electrification of conventional vehicles which improves energy efficiency and reduces carbon emission. The company focuses on giving opportunities and employments to females (Approximately 35% female employees) and low-income communities.
FUNDRAISE OVERVIEW
Deal Size:
Deal Type:
Financing Type:
US$5 - US$10M
Within 6 Months
Equity
ACTIVITY
Sector:
Country:
Electric Mobility
India
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