Private Equity Other Private Equity/Strategic Investments
E-mobility startup VAAN Electric raises Rs.6-Cr from Asian Energy Services
Source PTI (opens in a new tab)
Kochi-based e-mobility startup VAAN Electric Moto Pvt Ltd has raised INR 6 crore from Mumbai-based, publicly listed oil & gas services firm Asian Energy Services Ltd (formerly Asian Oilfield Services Ltd). VAAN, which began operations in 2019, intends to bring to the market products including e-bikes, e-mopeds, e-scooters and e-boats. The company was launched globally at the EICMA motorcycle show in Italy held in November 2021.
VAAN will use the funds to develop new products and expand into various sectors.