E3 Electric raises ₹100 Cr equity and debt for scooter launch

Electric mobility startup E3 Electric.Ai raised ₹100 Cr (roughly $10.4 Mn) in mixed equity and debt to launch its electric scooter range. EV scooter startups are still fundable if you have manufacturing clarity and unit economics; watch out for competition from established two-wheeler OEMs pivoting to electric.

Source: Mint ↗