Tuesday, 24 December, 2024

Greaves Electric Mobility Files for ₹1,000 Crore IPO to Fuel Expansion

Greaves Electric Mobility has filed for an IPO to raise ₹1,000 crore through a fresh issue of equity shares, alongside an offer for sale of 18.9 crore shares by existing shareholders. The funds will support product development, battery assembly capabilities, and manufacturing expansion. Known for its 'Ampere' e-scooters, the company aims to enhance its market presence in India's growing EV sector.