Newly-merged Australian company Libcoin Avass is planning to make India its key base by expanding its operations in the manufacture of buses, batteries and charging stations, top company officials said on Friday. Libcoin, which acquired the assets of Avass, its people and customer contracts on August 27, will focus on providing fully integrated electric transport infrastructure globally, including India.
“The acquisition will greatly assist the trade relationship between Australia and India in line with the India Economic Strategy to 2035 Report recently released by Australian government,” Muthuraj Guruswamy, CEO of the company, said.
It will also “help Libcoin to provide an integrated solution for batteries, electric vehicle manufacturing and charging stations,” he said.
