Reliance-backed Altigreen in talks to raise $85 Mn
Tue, May 30, 2023 10:36 AM

Reliance-backed Altigreen in talks to raise $85 Mn

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Reliance-backed electric vehicle (EV) manufacturer Altigreen Propulsion reportedly plans to raise funding of $85 Mn at a valuation of $350 Mn. The three-wheeler cargo EV maker plans to use the funds to shore up its production capacity and invest in new models, Bloomberg reported. However, the talks are still in the early stages and the contours of the deal could change depending on deliberations.

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