{"id":538194,"date":"2022-11-24T12:21:16","date_gmt":"2022-11-24T06:51:16","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=538194"},"modified":"2022-11-24T12:21:16","modified_gmt":"2022-11-24T06:51:16","slug":"commercial-ev-co-altigreen-eyes-%e2%82%b91k-cr-in-fresh-fund-raise","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/commercial-ev-co-altigreen-eyes-%e2%82%b91k-cr-in-fresh-fund-raise\/","title":{"rendered":"Commercial EV co Altigreen eyes \u20b91k cr in fresh fund-raise"},"content":{"rendered":"<p>NEW DELHI: Commercial electric vehicle (EV) maker Altigreen, backed by a clutch of investors including Reliance New Energy, is looking to raise Rs 1,000 The move comes as the compresence while launching new products.<\/p>\n<p>The Bengaluru-based company had raised Rs 300 crore from various entities in February this year. It is now looking at an aggressive fund-raise as demand forits electric three-wheelers picks up for last-mile transportation, company founder and CEO Amitabh Saran told TOI. \u201cWe want to expand across the country, while looking at expanding our product line beyond three-wheelers,\u201d Saran said.<\/p>\n<p>He pointed to strong interest and demand fromcompanies such as Amazon, Flipkart, Coke, Big Basket, ITC, Pepsi and IFB. He said demand for electrics in three-wheeler cargo has been growing rapidly, especially as the charging network gets better, charging time reduces, and single-charge driving range goes up.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: Commercial electric vehicle (EV) maker Altigreen, backed by a clutch of investors including Reliance New Energy, is looking to raise Rs 1,000 The move comes as the compresence while launching new products. The Bengaluru-based company had raised Rs 300 crore from various entities in February this year. It is now looking at an aggressive fund-raise as demand forits electric three-wheelers picks up for last-mile transportation, company founder and CEO Amitabh Saran told TOI. \u201cWe want to expand across the country, while looking at expanding our product line beyond three-wheelers,\u201d Saran said. He pointed to strong interest and demand [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,246,137],"tags":[],"class_list":["post-538194","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/538194","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=538194"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/538194\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=538194"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=538194"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=538194"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}