Earth Energy looks to invest Rs 100 crore in two years as EV demand rises
EV maker Earth Energy, which is set to commence deliveries of its Glyde range of e-scooters from early next month, is looking to invest around Rs 100 crore in the next two years as the electric vehicle (EV) demand is going up exponentially going forward, its founder CEO Rushii Senghani has said.
Besides, the city-based automotive start-up, which has already seen an investment of USD 2.5 million since 2017, plans to have four vehicle models — two scooters, one motorcycle and a commercial vehicle — in its product portfolio by 2024, he said.
The locally-manufactured Glyde range comes in two options — a low-speed Glyde SX with a top speed of 25 kmph, and a high-speed Glyde SX+, which can go up to 90 kmph,
