‘We have been fortunate enough to have Mr Ratan Tata as our initial investor. Last fiscal year we did business of Rs 65 crore. Our business has been growing multifold’ Ratan Tata-backed energy distribution startup Repos is expected to grow by close to three-fold to Rs 185 crore in the current fiscal on account of […]
Ratan Tata-Owned Electra EV Raises $25 Mn From GEF Capital – EQ Mag Pro
With this investment, GEF Capital has acquired a minority stake in the startup which provides powertrain solutions for electric vehicles Electra EV will use the fresh funds to expand its product offerings for three-wheelers, four-wheelers, agriculture and other allied segments The startup, promoted by Ratan Tata, plans to further enhance its design, testing, and prototyping, […]
Energy distribution startup Repos Energy raises $7.2 million funding from Ratan Tata, others – EQ Mag Pro
Mumbai: Pune-based power distribution startup Repos Energy on Wednesday stated it has raised Rs 56 crore ($7.2 million) from Ratan Tata, chairman Emeritus and different traders. The contemporary capital as a part of the pre-series A funding spherical is in a mixture of fairness and debt, the corporate stated. Repos Energy, nonetheless, didn’t disclose the […]
Ratan Tata takes delivery of custom Tata Nano electric car – EQ Mag Pro
Electra EV, founded by Ratan Tata himself, presented a custom-built 72V Nano EV to its founder. Chairman Emeritus of Tata Sons, Ratan Tata, recently took delivery of a custom-made Tata Nano electric vehicle that has been modified using an electric powertrain supplied by Electrodrive Powertrain Solutions Private Limited (Electra EV). The company posted a picture […]
Ratan Tata raises stake in Ola, invests in fledgling electric vehicle business
Ola Electric Mobility was established to launch an electric mobility pilot programme in Nagpur In 2018, Ola announced their mission to bring one million electric vehicles on Indian roads by 2021 BENGALURU: Ratan Tata, chairman emeritus of Tata Sons, bolstered his position in India’s top cab aggregator, Ola, by investing an undisclosed amount in its […]
Ola’s early backer Ratan Tata invests in Ola Electric
Tata, too has been an early investor in ANI Technologies, which runs the cab-hailing platform Ola In 2018, Ola announced their mission to bring one million electric vehicles on Indian roads by 2021 Bengaluru: Ratan Tata has invested an undisclosed amount in Ola Electric Mobility, the cab-hailing firm’s electric vehicle arm, said the company today. […]