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The startup said the fresh capital will be used to accelerate product innovation, strengthen the company’s research and development efforts, and expand its market presence across India ahead of the c…
The startup said the fresh capital will be used to accelerate product innovation, strengthen the company’s research and development efforts, and expand its market presence across India ahead of the commercial launch of its first scooter, E3 TRION.
The funding comprises Rs 75 crore in equity and Rs 25 crore in debt, and more than 80% of the capital has already been disbursed, founder and chief executive P Sanjeev told ET. The company plans to u…
The funding comprises Rs 75 crore in equity and Rs 25 crore in debt, and more than 80% of the capital has already been disbursed, founder and chief executive P Sanjeev told ET. The company plans to use the proceeds for product engineering and commercialisation of its first scooter.