Electric two-wheeler maker Okinawa Autotech in talks to raise PE funding

Electric two-wheeler maker Okinawa Autotech has doubled its targeted spending to expand business operations and is in the final stage of talks with private equity companies to divest a minority stake in the company for raising funds. Gurugram-based Okinawa is now planning to invest INR 800-1,000 crore for doubling its manufacturing capacity to 2 million units per annum, which includes raising the capacity of motors and batteries as well.