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HOP Electric Mobility in talks to raise $10-M

Economic Times  

Electric mobility solutions provider HOP Electric Mobility is in talks to raise $10 million. The company - which has already received the first infusion of $ 2.6 million from a publicly listed strategic investor - expects to close the series A funding round in the next six months. HOP Electric Mobility, a unit of Rays Power Infra, is one of the three new non-automotive investors to qualify under the production linked incentive scheme for OEMs earlier this year.