Other Private Equity/Strategic Investments
Urja Mobility invests Rs.10-Cr in Sieger Technologies to advance EV battery leasing
Delhi-based electric vehicle (EV) battery leasing startup Urja Mobility has joined with Hyderabad-based Sieger Technologies to bolster the EV ecosystem in India. The partnership includes an INR 10 crore investment by Urja Mobility to deploy 2,500 batteries for electric two- and three-wheelers. The move is aimed at addressing critical barriers in EV adoption, like the high upfront battery costs, by introducing a flexible leasing model.
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