In order to localize and construct the three-wheeled passenger electric vehicle (EV) known as “Made in India,” Clean Mobility Solution India Pvt. Ltd. opens a production plant in Pune. The vehicle is intended for international markets.
In order to promote electric mobility in the nation, India Accelerator invests USD one million in Clean Mobility Solution India Pvt. Ltd., a Swedish Clean Motion AB subsidiary, through its top micro VC Finvolve.
By concentrating on first- and last-mile services that connect important areas like metro stations, malls, colleges, and offices, Clean Mobility Solution India Pvt. Ltd. makes money on clean mobility solutions. To support the company’s growth, Finvolve intends to spend an additional USD three to five million over the following two years.
In order to locally and domestically produce its flagship product, Zbee, Clean Mobility Solution India Pvt. Ltd. also intends to build a dedicated manufacturing facility in Pune. This will enable Zbee to be marketed as a “Made in India” three-wheeled passenger EV for international markets.
In order to support 20–25 Zbee vehicles in fleet operations, the company builds up a strong EV charging infrastructure through operating clusters, each of which is furnished with parking, plug-in chargers, and swappable batteries.
The Swedish ambassador to India, Jan Thesleff, highlights the potential for the relationship to address transportation and climate change issues while expressing his happiness over Clean Motion AB and India Accelerator’s engagement. Co-founder and CEO of India Accelerator Ashish Bhatia discusses the country’s remarkable progress in the EV market and how it may become a worldwide leader in sustainable mobility.
In order to meet scale goals, Deb Mukherji, Country Head of Clean Mobility Solution India Pvt. Ltd., wants to raise a pre-series round of USD three to five million early in 2019. Thanking Finvolve, India Accelerator, and other investors for their confidence, he highlights how their strategic allocation strategy would help scale operations and bolster the “Make in India” effort, establishing India as a global leader in urban mobility transportation.
