Stay updated with breaking news from Suraj sreenath. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Bengaluru (Karnataka) [India], April 11 (ANI/NewsVoir): EV components start-up, Nysha Mobility Tech (NMT), has raised USD 3.5 million in its seed funding round. A combination of equity and debt, the seed round saw participation from Touchstone Ventures, Panthera Peak Capital, and select family offices and angel investors. In addition to capital expenditure, the funds will be used towards developing cutting-edge technology to optimize the manufacturing process, R&D of EV components, as well as the use of IoT and AI in manufacturing. At present, the company has onboarded over 40 customers including Pranav Vikas, SUN Mobility, Ola Electric, IGOWISE and Virya Mobility. NMT targets to onboard over 100 customers in 2023. ....