Mumbai-based OEM service provider and also a wholly owned subsidiary of eBikeGo company, Vajram Electric, recently raised $1.5 mn in seed funding round that was led by High Networth Individuals, such as Nikul Gala and family and included other well-known HNIs, including Anil Basa, Cyprian D’mello, and others.
Vajram Electric is looking to create a lineup of electric vehicles, including MUVI and Velocipedo and has shared that it is committed to becoming a disruptive EV OEM, and aspires to touch 1 Lakh vehicle deliveries by 2024. It is currently And building the state-of-the-art manufacturing plant in Chakan, Pune.
The OEM firm, Vajram Electric, was founded to meet the manufacturing needs of eBikeGo and says that it shares the same ambition as its parent company: to reinforce and widen the country’s fragmented EV supply chain with its durable locally produced cars. The industry’s best EV two-wheeler powertrain, which will permit various vehicle combinations, is already being developed by Vajram Electric.