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flag Victory EV, AITMC, and Startup Stairs sign MoU to explore India EV opportunities, including manufacturing and charging, with no investment commitments.

flag Victory Electric Vehicles International, along with AITMC Ventures and Startup Stairs, has signed a non-binding MoU to explore opportunities in India’s EV ecosystem, including manufacturing, charging infrastructure, training, and pilot programs. flag The collaboration is exploratory, with no commitments to investment or joint ventures, and each party covering its own costs. flag The agreement includes binding terms on confidentiality and data protection. flag Victory, which makes electric rickshaws and cargo vehicles, says the move supports its strategy to expand in India and explore exports, though future projects require separate agreements. flag Risks include policy changes, economic conditions, and technology shifts.

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