2030 Finance | April 14, 2017

Indian electric “Smart Scooter” maker raises prototype funding

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Climate Finance

Indian electric “Smart Scooter” maker has raised prototype funding.

Twenty Two Motors, launched last August to develop an affordable electric vehicle for the Indian masses, has raised $1.6 million to prototype its electric “Smart Scooter.”

The early-stage financing came from Ishwar Singh, CEO of Haryana Industries, an auto-parts maker, and former Harley-Davidson executive Farhaan Shabbir.

Twenty Two Motors, based in Gurgaon, hopes to launch its scooter early next year, with new battery technology adapted to India’s heat.

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Photo credit: Twenty Two Motors