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Electric vehicle maker Kinetic Green is in talks to raise fresh funding of $30 million to $50 million to support its product development pipeline and market expansion plans.
The company, which secured $25 million from UK-based private equity firm Greater Pacific Capital (GPC) in 2024, is now seeking additional growth capital.
“GPC was our first series A investor and at that point itself we had said we would raise more funding over the next one-and-a-half years. We are looking at more growth capital for which we are in discussion with some leading potential investors and we’re looking to raise between $30 million to $50 million but there’s nothing that we are close to finalising as yet,” said Dr Sulajja Firodia Motwani, founder and CEO, Kinetic Green, in an interaction with TOI.A portion of the upcoming capex will go into the company’s electric golf cart venture with Tonino Lamborghini of Italy. “We have 200 orders for pilot production and by March we will scale it up to 500 golf carts,” Motwani added.
The company is betting on both new mobility solutions and niche electric vehicles as it scales operations in India and overseas.
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