Greaves Electric Mobility files for ₹1,000 crore IPO to expand EV product and manufacturing.

Electric vehicle company Greaves Electric Mobility has filed for an IPO to raise ₹1,000 crore, with additional shares sold by existing investors. Proceeds will fund product development, battery assembly, and manufacturing expansion. The company, known for its 'Ampere' brand, operates in two- and three-wheeler EV markets and has three manufacturing facilities. The IPO is subject to regulatory approvals and market conditions.

3 months ago
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