Through a variety of fundraising initiatives, Atul Greentech Private Limited has successfully raised Rs. 32.50 crore ($4.1 million). The company is now valued at Rs. 950 crore ($121.3 million) as a result of this transaction. Atul Auto Limited, well-known investor Vijay Kedia, international portfolio investor Nav Capital VCC – Nav Capital Emerging Star Fund, and the Mahendra Patel family are among the investors in this investment round.
The money raised will be essential to Greentech’s aggressive growth plans, which include diversifying its product offering, enhancing its production capacity, and developing cutting-edge technologies that will revolutionise the electric three-wheeler market.
Driven by a resolute commitment to revolutionise mobility solutions, the company debuted its cutting-edge electric tricycles, Atul Mobili and Atul Energie, at the 2023 Auto Expo in New Delhi. These cars are a testament to the company’s commitment to excellence in design, efficiency, and environmental sustainability since they combine cutting-edge technology with exceptional performance.
The industry’s first electric cargo three-wheeler with a dual battery pack and an unheard-of 195 km range is Atul Energie, the brainchild of Atul Greentech. Both of these which use motor drives and lithium-ion batteries from top industry participant Valeo, are prime examples of the company’s dedication to providing high-performance, environmentally friendly mobility solutions.
Through its inventive range of products and strategic investments, Atul Greentech stands ready to transform the electric three-wheeler industry, leading the transition to a more environmentally friendly and sustainable future. The company’s unwavering focus on technological innovation and environmental responsibility establishes it as a pioneer in the EV industry, setting new standards for innovation and driving positive global change.
