Sunday, April 14, 2024
Outlook.com
Outlook India
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Electric Vehicle Policy

India is witnessing a transformative shift toward electric vehicles, aiming for a 30 per cent market share by 2030. EV financing, with the retail vehicle finance industry expected to shift, plays a vital role

The company will use this funding to invest in cutting-edge technologies and expand its footprint across India

The funds are earmarked for bolstering manufacturing capabilities, introducing technologically advanced smart electric bicycles, and expanding offline presence

The funds raised will be used to improve product offerings, focusing on safety and scalability in the gig economy

This is aimed at clearing the way for faster and easier financing of electric vehicles