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EV Company Altigreen Raises ₹3 Billion in Funding, Reliance Brings in ₹501.6 Million

Reliance New Energy Limited acquired 34,000 shares of Altigreen

February 11, 2022

/ Harsh Shukla
/ Electric Vehicles, Grid
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Altigreen Propulsion Labs, a Bangalore-based commercial electric vehicle (EV) manufacturer, announced that it has raised ₹3 billion (~$40 million) in a Series A funding round, a day after Reliance New Energy Limited (RNEL) announced its investment of ₹501.6 million (~$6.66 million) in the company.

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Harsh Shukla

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Altigreen Propulsion LabsEVFundingRelianceSharesStake
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