Creatara, an innovative Indian startup in the electric two-wheeler industry, announces the receipt of a substantial grant from the Ministry of Heavy Industries, Government of India (GOI). The grant, totaling Rs 3.9 crores, has been awarded under the Capital Goods Scheme to support the development of indigenous technology.
This achievement marks a pivotal moment for Creatara, highlighting its dedication to innovation and sustainability within the automotive sector. The government grant not only validates Creatara's vision but also serves as a catalyst for accelerating the development of indigenous EV technology.
With government backing, Creatara aims to strengthen the nascent Indian EV industry, fostering the creation of technologically advanced vehicles for both the local and global markets, the company shared.
Vikas Gupta, CEO of Creatara, s, "This grant is a testament to the dedication and hard work of our team at Creatara. We are honoured to receive this support from the Ministry of Heavy Industries (GOI). This will motivate us to continue our mission of revolutionizing the electric two-wheeler market."
With the received grant, Creatara plans to intensify its research and development endeavors, focusing on advancing indigenous technology for electric vehicles.