Private Equity PE Fund Investments
E-scooters maker AMO Electric looking to raise $100-M
Source PTI (opens in a new tab)
Electric two-wheeler maker AMO Electric is looking to raise about USD 100 million next fiscal as it looks to scale up R&D to introduce new products, expand manufacturing capacity and enhance sales infra across the country. The Noida-based company, which currently sells four electric scooters through a sales network of over 150 outlets across the country, is in talks with various financial institutions for the fundraise.