Ratan Tata-owned Electra EV raises $25 Mn from GEF Capital
Shortpedia
Content Team
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Electra EV, a startup owned and promoted by veteran industrialist Ratan Tata, has raised about $25 Mn from GEF Capital’s South Asia Growth Fund II. With this investment, GEF Capital has acquired a minority stake in the startup which provides powertrain solutions for electric vehicles (EVs). Electra will use the fresh funds to expand its product offerings in three-wheelers, four-wheelers, agriculture and other allied segments.
