New Delhi: Reliance Industries and four venture capital funds are investing ₹300 crore in electric commercial vehicle maker Altigreen, which will help lift the startup’s R&D and manufacturing capabilities while boosting billionaire Mukesh Ambani’s strategy of building new energy and mobility business.
RIL’s Reliance New Energy Ltd (RNEL) subsidiary, Sixth Sense Ventures, Xponentia Capital, Accurant International of the US and Singapore’s Momentum Venture Capital participated in the Series A funding round for the EV startup.
