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Executive Movements

Kalyan C Korimerla appointed MD and Co-Promoter of Hyderabad-based Etrio Automobiles

Etrio Automobiles, an electric vehicle manufacturing company, announced it has roped in Kalyan C Korimerla as Managing Director and Co-Promoter of the company. Korimerla will now be a part of Etrio’s Promoters Group as well as its Board of Directors. Under Korimerla’s leadership, Etrio will transform itself from a startup into a mature and robust […]

Categories
Investment

Hyderabad-based EV startup Etrio raises $3 mn in Series A funding round

Etrio, an electric vehicle retro fitment kit maker announced that it has raised $3 million in its Series A funding round from a group of HNIs. The funding will be used to diversify its business into making electric three-wheelers and e-bicycles. The company has been working on electrification kits for Maruti Suzuki’s Alto and Dzire, […]