Motovolt Mobility raises INR 160 million funding in pre-Series A round
Summary
In line with the targets set by the government, Motovolt aims to become the go-to choice for affordable EV commute going forward.Sharing his thoughts, Mr. Ramesh Ramakrishnan, Wami Capitals said, Motovolt is one of the few Indian brands that is focusing on building domestic manufacturing capabilities and creating solutions ideal for the Indian market also keeping in mind the rural demand and their requirements. The vision is to be present across the two-wheeler category.Ahlawat & Associates (A&A) has played a key role in advising and taking the first funding round forward for Motovolt Mobility Pvt Ltd. Managing Partner Mr. Uday Singh Ahlawat and Senior Associate Ms. Disha Toshniwal led the deal from A&A team.Wami Capitals Headquartered in Dubai, UAE, WAMI Capital is a single family office of the Transworld group which manages a significant and diversified portfolio of different asset classes, including a diversified venture portfolio.PPAP PPAP Automotive Limited (PPAP) was established in 1978 for manufacturing custom-made extrusion products. PPAP group is poised to establish itself as a leading product solutions company in the areas of its core competence.With the advent of electrification of the Automotive Industry, PPAP has established itself as one of the leading manufacturers of Li-Ion based Battery pack solution provider for the 2-wheeler and 3-wheeler industry.The group has started its journey to achieving ESG standards with the objective of running the operations sustainably and responsibly. We provide crop protection solutions to Indian farmers and assist them to maximize productivity and profitability in their respective farms.We have integrated operations, from undertaking R&D of new molecules to manufacturing and delivering our products to farmers across India through our extensive distribution network.JK Group J.K. Organisation is a multinational group headquartered in India with a heritage of more than 125 years.