Ex-SpaceX engineer's startup Power Global to invest $25 mn in India

Ex-SpaceX engineer's startup Power Global to invest $25 mn in India

• By Staff Writer

US-based startup Power Global, co-founded by former SpaceX engineer Porter Harris, plans to invest $25 million to set up a lithium-ion battery manufacturing unit and a battery swapping infrastructure in India over 2-3 years. The company also plans to convert nearly 8 lakh existing vehicles in India into electric in the next 5-6 years, its India CEO Pankaj Dubey said.