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Electric Vehicle Startup Earth Energy EV Raises Seed Funding

The company will use the funds to facilitate the launch of its 3 EV products in India

Earth Energy EV, an Electric Vehicles Start-up today announced that it has raised an undisclosed amount of funding in its latest Seed Round.

The round was led by LR Joshi, Managing Director, Pranada Bio-Pharma. along with other private equity investors. Earth Energy EV will use the funds to facilitate the launch of the 3 Vehicle models which they have been developing and perfecting with rigorous on-road trials from the last 2.5 years.

Earth Energy has previously raised investments from Private investors and has been a part of the SmartCity Dubai Accelerator Programme in 2018.

Started in late 2017, Earth Energy has been a forerunner in the Indian Electric Vehicles industry with its multiple OEM Offering, and Energy Efficient Electric Vehicles.  The company is involved in the development of Electric Motorcycles, Scooters, Commercial Vehicles, and Autonomous Vehicle Drivetrains for Global Consumers. 

Rushi Shenghani, Founder, Earth Energy Electric Vehicle said

"It’s remarkable to have the support of our investors as we look to grow the company and disrupt the Electric Vehicles market. The Vehicles we are launching in the market are 96 per cent Localized and in the true essence marks the Make in India initiative put forth by the government. The Investment will be used to hire critical talent, strengthen the Sales Network, and make the vehicles production-ready via enhanced OEM relations and Strong Supply Chain".

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earth energy EV Mr.LR Joshi Rushi Shenghani

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