Electra EV was founded in 2017 and specializes in the design, development, integration, manufacturing,
and supply of EV powertrain systems for both passenger and commercial vehicle markets.
In a statement released on Thursday, Electra EV said that it would use the money it had raised to extend its product line
to include e3 Wheelers, e4 Wheelers, agricultural applications, and other EV categories in order to better serve both domestic and foreign manufacturers.
Ratan Tata's electric mobility firm, Electrodrive Powertrain Solution or Electra EV, has received roughly USD 25 million in funding from GEF Capital Partners.