In a move to expand its play in the last mile mobility ecosystem, electric 2W company Ampere Electric Vehicles has acquired a strategic stake in MLR Auto Ltd, a maker of Electric L5 three-wheelers headquartered at Hyderabad.
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Ampere Electric Vehicles has acquired a Stake in Three Wheeler maker
In a move to expand its play in the last mile mobility ecosystem, electric 2W company Ampere Electric Vehicles has acquired a strategic stake in MLR Auto Ltd, a maker of Electric L5 three-wheelers headquartered at Hyderabad.
Ampere has also committed INR 700 cr towards its manufacturing facility for electric 2Ws at Ranipet, Tamil Nadu that will be scaled to a capacity of up to one million 2Ws in a phased manner.
The company recently achieved the milestone of selling 100,000 EVs across 400 towns and claims to have 500 exclusive retail touchpoints across the country.
Old picture Ms.Hema sold company to Greaves