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Indian electric “Smart Scooter” maker raises prototype funding

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.

This post originally appeared in ImpactAlpha’s daily newsletter. Get The Brief.

Photo credit: Twenty Two Motors

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