Baring Private Equity Partners led the first institutional round of investment that fetched $7 million (Rs 51 crore) for Lohum. The company will be raising Rs 150 crore more over the next one year, chief executive Rajat Verma said. The company is looking to increase its revenue ten-fold over the next three years to more than Rs 500 crore, with a bulk of it coming from electric vehicle (EV) battery sales as the industry picks up pace in the country, Verma said.
from Tech-Economic Times https://ift.tt/2LzM1TA
Latest, news updates, technologies, new inventions, breaking news, 2020,2019, political issues, jio offers, facts
Subscribe to:
Post Comments (Atom)
Yellow.ai deploys 30% of global generative AI bots domestically
While markets like the US are mostly using GenAI for customer support in a bid to cut costs, India Inc. is using them as an opportunity to g...
-
The Umbrella Academy season 2 is releasing on July 31. Ellen Page, Tom Hopper, David Castañeda, Emmy Raver-Lampman, Robert Sheehan, Aidan Ga...
-
Web Summit Chief Executive and founder Paddy Cosgrave resigned on Saturday after comments he made on the Israel-Hamas conflict prompted some...
-
Xiaomi, which competes with players like Samsung, vivo and Oppo in the Indian smartphone market launched its latest device Redmi Note 7 Pro,...
No comments:
Post a Comment