Kinetic Green to raise $35 million to fund Rs 200 crore investment plan
Kinetic Green Energy and Power Solutions Ltd, part of the Kinetic & Firodia Group, is planning to raise around $35 million from private equity (PEs) to support it’s Rs 200 crore investment plans.
The company has formed a joint venture with Tonino Lamborghini to manufacture premium electric golf carts for global markets. It will roll out its first product in September this year.
After announcing a tie-up with Bharat Petroleum Corporation Ltd (BPCL) today for a nationwide battery swapping network, Sulajja Firodia Motwani, founder and CEO, Kinetic Green said so far the company had invested around Rs 100 crore and will be investing around Rs 200 crore in developing new products, technology, capacity and others.
