Entuple E-mobility Plans To Raise $3-3.5 Mn for manufacturing plant

The company is already in talks with over 30 EV companies, which include large auto manufacturers, startups, systems integrators, and specialty vehicle makers

Entuple’s new manufacturing facility in Bengaluru is looking to manufacture five types of hub-mounted motors and controllers for electric two-wheelers

The company further plans to upgrade its existing facility that makes frame-mounted motors, taking the capacity up from about 6,000 powertrains a year to 96,000 units

Bengaluru-based electric vehicle components maker startup Entuple E-mobility is planning to raise $3-3.5 Mn (INR 22-25 Cr) of equity capital from various investors which will be utilised to set up the company’s 150,000-unit annual capacity electric powertrain manufacturing plant.

According to an ET report, Rakesh Mishra, chief executive of Entuple told that the company also looks to make EV fast chargers by 2021.

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