Electric two-wheeler firm Ozotec Automobile announced ambitions to raise $150 million in stock for growth.
The Coimbatore-based company, according to K. Barathan, Director, has the potential to produce 500 to 600 EVs per month (Filo and Filo + models), and it introduced the Filo two-wheeler EV in 2020.
The Bheem electric two-wheeler from Ozotec was presented on Tuesday in Coimbatore.
Electric two-wheeler firm Ozotec Automobile announced ambitions to raise $150 million in stock for growth.
The Coimbatore-based company, according to K. Barathan, Director, has the potential to produce 500 to 600 EVs per month (Filo and Filo + models), and it introduced the Filo two-wheeler EV in 2020.
Ozotec has nearly 50 showrooms/service stations now and this would be ramped up to 150 in another three months, he said. The company expects a higher demand for Bheem in rural areas.
