Ratan Tata and Kris Gopalakrishnan-backed electric bike company Ampere Vehicles is planning to go for its second round of fund raising to the tune 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 special purpose vehicles for the differently-abled.Hemalatha Annamalai, CEO of the company said that the fund raising will be completed in the next few months and it will support Phase-II of company's growth, which just has started.Primary objective is to support marketing plan, pan-India expansion and to integrate the manufacturing capacity.The company currently has two facilities in Coimbatore and planning to set up a new one in Chennai.This comes on the back drop of company's plan to sell around 3,000-4,000 ...
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