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E2W Market: The report delves into the two-wheeler consumers, surveying nearly 2750 respondents to uncover what it will take to further push the E2W revolution in India. As per the study, currently one in three potential 2W buyers are actively considering electric two-wheelers.
With the assembly line in Chennai is fully operational, Raptee Energy is expected to launch its first offering within this quarter. - Overdrive
Icra forecasts Rs 25,000 crore investment by auto component industry in 3-4 years for electric vehicle parts, with a strong focus on enhancing EV production, localisation, and addressing manufacturing challenges.
Sources told ET Ather Energy is also in the final stages of plans to raise $75-90 million (about Rs 750 crore) in primary funding from existing investors. This underscores increasing investor interest in the company and the mobility segment. The company is also approaching new investors.
Ather Energy is also finalising plans to raise USD 75-90 million (about INR 750 crore) in primary funding from existing investors, according to the people. This underscores increasing investor interest in the company and the mobility segment, they said. New investors are also being approached.