Tech Company Financing Transactions
Altigreen Propulsion Labs Funding Round
Altigreen Propulsion Labs closed a $85 million Series A funding round on 5/29/2023. Investors included Sixth Sense Ventures, Accurant International and private investors.
Transaction Overview
Company Name
Announced On
5/29/2023
Transaction Type
Venture Equity
Amount
$85,000,000
Round
Series A
Investors
Proceeds Purpose
Altigreen makes electric cargo three-wheelers, and has an annual production capacity of 55,000 vehicles.
Company Information
Company Status
Private & Independent
Industry
Manufacturing
Mailing Address
2nd floor, Solitaire, Doddanekundi, Madhadevapura, Industria
Bengaluru, Karnataka, 560048
IN
Bengaluru, Karnataka, 560048
IN
Phone
Undisclosed
Website
Email Address
Overview
Altigreen is a leader in EV technology and transportation solutions for the last-mile. Our mobility platforms are made in India and built on indigenous technology with over 93% domestic value-add. Our vehicles have been designed specifically keeping Indian conditions in mind, both environmental and commercial. Altigreen believes in the engineering-first approach, and prides itself in delivering electric vehicles that exceed customer expectations.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Amitabh Saran
Chief Financial Officer
Shalendra Gupta
Chief Technical Officer
Lasse Moklegaard
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