India’s Neuron Energy Private Limited, a maker of lithium-ion battery packs for electric two- and three-wheelers, intends to invest 50 crore in this market.
The investment will be made up of a working capital loan of 35 crore rupees and equity from the promoters and strategic partners totalling 15 crore rupees.
Due to the expansion of its R&D team, Neuron may soon start researching batteries for deep technologies. By 2025, Neuron intends to build a mega-plant as part of its expansion ambitions to cater to the EV2W and EV3W markets.
This news is written by Ms. Amrita Singh, Research Assistant, All India Legal Forum.
ALL INDIA LEGAL FORUM 