Motovolt has invested 1 million Euros as the first step in eRockit AG and plans to make further investments of around 10 million Euros in India for the industrialisation of eRockit products
Strategic investors such as PPAP Automotive, Vikrampati Singhania of JK Family, Ankur Agarwal of Crystal Crop, Wami Capital– Dubai based single family office and other family offices participated in this round
URBN e-bike comes with an integrated smartphone app that will transform the experience of a daily ride for office goers as well as college or school students in Indian towns and cities, says Tushar Choudhary, Founder, and CEO of Motovolt.