EV maker OPG Mobility aims to raise Rs 400 crore for growth plans

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Creating a separate entity and product lineup, focusing on OPG Mobility—Ferrato and OTTOPG—working on the ground to get dealer partnerships expanded and getting the business models perfected is a way of de-risking investors, Gupta added.

Elaborating on the strategy, he said, "We're creating a strong product distribution and service space so that it becomes risk-free for them (investors)".

Asked how much capital is the company looking to raise, he said, "Anywhere to the tune of Rs 400 crore should be a good amount in a timeline of one year to about 18-24 months".

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Author / Journalist: Press Trust of India

Category: StartupsEconomyBusiness

Markets: India

Topics: Company Electric Plans Year Privacy Gupta Raise Service Information Product Policy

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News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-12 @ 06:49:34 (13 hours ago)

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Language: English

Article Length: 271 words

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