Greaves Electric Mobility raises ₹530 crore in fully subscribed rights issue
Backed by Greaves Cotton and Abdul Latif Jameel Green Mobility Solutions, the capital will support next-generation EV products, battery systems and powertrains, alongside expansion of its electric two- and three-wheeler retail and service network.
Greaves Electric Mobility raised ₹530 crore through a fully subscribed rights issue backed by Greaves Cotton and Abdul Latif Jameel Green Mobility Solutions to develop next-generation EV products, battery systems and powertrains, while expanding its electric two- and three-wheeler portfolio, retail and service network.
Why this matters
With no prior related signals provided, the fully subscribed rights issue gives Greaves Electric Mobility funding for EV product development and wider two- and three-wheeler retail and service coverage.
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