EV Maker Okinawa To Raise INR 60 Cr From Existing Backer

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SUMMARY

The EV startup’s board passed a resolution to allot 23.51 Lakh shares at an issue price of Rs 255.21 each on a private placement basis

Okinawa plans to deploy the fresh proceeds to meet working capital requirements and to repay its debt

Founded in 2015, Okinawa Autotech designs and manufactures electric two wheelers, including models such as RIDGE+, PRAISE PRO, IPRAISE+, among others

EV maker Okinawa Autotech is looking to raise INR 60 Cr (around $7 Mn) from existing investor Dhruv Khush Business Ventures. 

As per…



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EV Maker Okinawa To Raise INR 60 Cr From Existing Backer


SUMMARY

The EV startup’s board passed a resolution to allot 23.51 Lakh shares at an issue price of Rs 255.21 each on a private placement basis

Okinawa plans to deploy the fresh proceeds to meet working capital requirements and to repay its debt

Founded in 2015, Okinawa Autotech designs and manufactures electric two wheelers, including models such as RIDGE+, PRAISE PRO, IPRAISE+, among others

EV maker Okinawa Autotech is looking to raise INR 60 Cr (around $7 Mn) from existing investor Dhruv Khush Business Ventures. 

As per…



Source link

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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