Electrodrive Powertrain Solution or Electra EV raised about USD 25 million in investment from GEF Capital Partners. Electra EV will utilize the raised capital for expanding its product portfolio across e3 Wheelers, e4 Wheelers, agricultural applications, and other EV segments to serve both domestic and international manufacturers.
Electra EV creates, integrates, manufactures, and sells EV powertrain systems for passenger and commercial vehicles. It also intends to improve its design, testing, and prototyping capabilities, as well as expand its production capacity to support growing volumes. GEF Capital Partners is a private equity fund manager that invests in companies that seek to mitigate the negative effects of climate change.
