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According to GearHead Motors CEO Nikhil Gunda, international companies are increasingly looking to enter the Indian market with electric automobiles in order to sell their subpar goods. Due to the fact that electric cars are imported and usually do not fit Indian conditions, it is believed that market demand for them is declining.
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Search here ... GearHead Motors, an E-Bike Company, Raises $6 Million Home - Fund Raising - GearHead Motors, an E-Bike Company, Raises $6 Million Fund Raising January 2, 2023
Hemin Shah, Director of Collabera USA, and Sudhakar Moparthy, Director of Skillbanc USA, oversaw the inaugural funding round for GearHead Motors, a D2C e-bike 몭rm, which raised Rs 6 crores, according to a statement made on December 30. The new funding will be used to extend the start-operations up’s for high- quality electric bikes across India, which would hasten the adoption of electric cars. The funding comes at a time when awareness of the environment is rising and people are becoming more interested in health and money. The 몭rm, which was founded in 2020 by Nikhil Gunda and Meher Sai, promises to bridge the supply and demand gap for electric automobiles in India and throughout the world. About The Company The Hyderabad-based company is also developing an ecosystem that will support sustainable mobility in the future. By 2027, the e-bike industry is projected to expand and reach $80.6 billion. Fuel prices increased as a result of the increase in demand for ecologically friendly transportation choices, and it is anticipated that interest in cycling as a sport and leisure activity would grow at the quickest pace starting in 2021. According to GearHead Motors CEO Nikhil Gunda, international companies are increasingly looking to enter the Indian market with electric automobiles in order to sell their subpar goods. Due to the fact that electric cars are imported and usually do not 몭t Indian conditions, it is believed that market demand for them is declining. You can share this post!
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