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Get latest articles and stories on Latest News at LatestLY. Kinetic Engineering Ltd on Tuesday said it will raise Rs 54 crore through preferential issue of shares to promoters and sale of non-core assets to cut debt and invest in new business and electric vehicle vertical. Latest News | Kinetic Engineering to Raise Rs 54 Crore from Promoters, Sale of Non-core Assets.
Kinetic Engineering Limited: The company Board has approved the raising of over INR 54 crore from various available sources including from promoters and sale of non-core assets.
Kinetic Green CEO talked about the re-birth of the Luna Moped as an electric vehicle, calling it
The original Kinetic Luna was priced at just Rs 2,000, fifty years ago and is estimated to have sold over a million units. Click here to read more about its electrified comeback.
Kinetic Engineering has developed all the major subassemblies for the E-Luna including the main chassis, main stand, side stand and swing arm