On-demand relocation service provider Shift Freight to raise $30-M

Noida-based electric mobility startup AMO Mobility plans to raise around USD 200 million (about INR 1,500 crore) in the next three years to fund its expansion, including enhancing production capacity to around 5 lakh electric two-wheelers per annum by 2025. The company, which sells a range of electric scooters such as Jaunty, Feisty, Inspirer and Spin, currently produces around 2,000 units a month at its facility.