Jindal Worldwide has acquired Mumbai-based electric vehicle start-up Earth Energy EV through its subsidiary Jindal Mobilitric. In addition, Jindal Mobilitric will set up a new manufacturing plant in Ahmedabad which will supplement the existing Earth Energy manufacturing facility in Maharashtra. The acquisition will see Jindal Mobilitric take over the indigenously developed technology platform as well…
Tag: Earth Energy EV
Mumbai-based EV startup Earth Energy EV raises seed funding
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•Earth Energy EV, a Mumbai-based startup that aims to develop Efficient, Affordable and Easily adoptable Electric Vehicles for Logistics and Delivery Businesses, announced that it has raised an undisclosed amount of seed funding from LR Joshi, Managing Director at Pranada Bio-Pharma Pvt Ltd, along with other equity investors. The Company said that it will utilise…