VC Fund Investments
Electric mobility player Motovolt raises Rs.16-Cr
Kolkata-based electric mobility company Motovolt Mobility has raised INR 16 crore in a pre-series A round. PPAP Automotive, Vikrampati Singhania of JK Family, Ankur Agarwal of Crystal Crop, Wami Capital, a Dubai-based single family office and others participated in this funding round. The funds raised will be used for new product introduction, marketing initiatives, and for growing Motovolt's presence through more retail points across India.
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