Tube lnvestments of India acquired 65.2% stake in heavy-duty EV manufacturing startup IPLTech

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Murugappa Group engineering company Tube lnvestments of India acquired 65.2% stake in InfraPrime Logistics Technologies (IPLTech), a heavy-duty electric vehicle (EV) manufacturing startup, through its wholly owned subsidiary TI Clean Mobility.

IPLTech is a company that manufactures and sells electric heavy commercial vehicles. During its incorporation year, the company unveiled its first commercial EV, the Rhino 5536A, a 60-tonne truck used in the construction industry and powered by a 276 kWh battery. Through TI Clean Mobility, Tube Investments already has a stake in three-wheeler electric vehicles and electric tractors.

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Tube lnvestments of India acquired 65.2% stake in heavy-duty EV manufacturing startup IPLTech

Murugappa Group engineering company Tube lnvestments of India acquired 65.2% stake in InfraPrime Logistics Technologies (IPLTech), a heavy-duty electric vehicle (EV) manufacturing startup, through its wholly owned subsidiary TI Clean Mobility.

IPLTech is a company that manufactures and sells electric heavy commercial vehicles. During its incorporation year, the company unveiled its first commercial EV, the Rhino 5536A, a 60-tonne truck used in the construction industry and powered by a 276 kWh battery. Through TI Clean Mobility, Tube Investments already has a stake in three-wheeler electric vehicles and electric tractors.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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