Ratan Tata & Kris Gopalakrishnan-backed Ampere to raise Rs 50 cr

Funding will help electric bike maker expand operations pan-India and increase its capacity

Ratan Tata and Kris Gopalakrishnan-backed electric bike company Ampere Vehicles is planning to go for its second round of fund raising to the extent of Rs 50 crore. This will support the company's plan to expand its operations on pan-India basis and increase its capacity. The company has also got an order from Germany for an inhouse mobility solution.

The Coimbatore-based company designs and manufactures Electric Vehicles (EV) including E-scooters, E-cycles, E-trolleys, and vehicles for the differently-abled.

Hemalatha Annamalai, CEO of the company said that the fund raising will be completed within the next few months and will support phase-II of company's