Other Private Equity/Strategic Investments
EV charging infra co. Relux Electric raises Rs.250-Cr
Chennai-based EV charging infrastructure company Relux Electric has raised INR 250 crore from a group of private real estate and infrastructure investors on a revenue-sharing basis, without any equity dilution. The company, set up in 2009, plans to use the funds to set up 20 hyper-charging stations on South Indian highways, over the next eight months.Relux, which currently operates over a hundred charging stations in India along highways that cater to private vehicles, will also soon launch a business unit to set up charging stations for fleet operators and commercial EV owners.
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