Ratan Tata-owned Electra EV raises $25 mn from GEF Capital

Ratan Tata-owned Electra EV raises $25 mn from GEF Capital

• By Staff Writer

Ratan Tata-owned Electrodrive Powertrain Solutions Ltd, or Electra EV raised $25 million from GEF Capital Partners' South Asia Growth Fund II for a minority stake in the EV startup. The EV startup has a manufacturing plant in Coimbatore and an R&D centre in Pune. Electra's powertrain solutions have been installed in Tata Xpres-T (fleet) and Tata Ace EV.