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Creatara secures USD 1 million in seed funding led by GEMS Partners
The funding will be used for R&D, testing, manufacturing and distribution activities for its electric vehicles.
By Autocar Professional Bureau
5194 Views
Creatara has successfully raised $1 million in funding led by GEMS Partners."This significant investment marks a pivotal moment for Creatara as we work towards bringing our cutting-edge two-wheeler electric vehicles to the market," said Vikas Gupta, Founder and CEO of Creatara.
The funding will be used for R&D, testing, manufacturing and distribution activities for its electric vehicles.
"This significant investment marks a pivotal moment for Creatara as we work towards bringing our cutting-edge two-wheeler electric vehicles to the market," said Vikas Gupta, Founder and CEO of Creatara.
Earlier in May this year, the company received a Rs 3.9 crore grant from the Ministry of Heavy Industries, under the Capital Goods Scheme to support the development of indigenous technology.
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