Till date, an investment of $20 million has been invested in the company, which is a 74: 26 joint venture between the Maini Group and the AEV LLC of the US.
Though it is clear that the Maini Group would be reducing its stake in the company after this capital infusion, the extent of stake that it would offload is yet to be ascertained. The talks are set to conclude within the next 3-4 months and an announcement is likely to follow.
Chetan Maini, managing director of Reva Electric Car Company, said,
