Electric Vehicle

Photo: Inc42

Indian Startup Mints $28 Mn In Seed Funding To Manufacture Electric Vehicles

Electric Vehicle Indian Startup EVage has raised a whopping sum of $28 Million in seed funding from RedBlue Capital. It aims to supply Electric Vehicles to Indian logistics companies. The company will produce automobiles in leveraging proprietary hardware and 'Modular micro-manufacturing' factories. It will use the funding to complete its 'production-ready' factory outside Delhi and boost up production. Reportedly, EV sales accounted for 1.3% during 2020-21 in the country.

Sat, 15 Jan 2022 - 09:00 AM / by Shaloo Priya

Tags
Electric Vehicles
Indian Startups
EVage
funding
Automobile
Courtesy
Inc42

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