Ashwin Sheth Group Launches Premium Mumbai Project in Goregaon West
Mumbai-based Ashwin Sheth Group announced on 18 July a residential project in Siddharth Nagar, Goregaon West, Mumbai, following acquisition of development rights from the Maharashtra Housing and Area Development Authority (MHADA).The development will offer 12 lakh square feet of RERA carpet area with a gross development value (GDV) of Rs 38 billion.Spanning 4.05 acres, the project will comprise five towers of 44 floors each, alongside a signature 60-floor tower.Apartments will include 2, 3 and 4-bedroom units ranging from 800 to 1,600 square feet.Ashwin Sheth, Chairman and Managing Director of..
Kinetic Green Targets $1 Billion EV Business by 2030
Kinetic Green, a manufacturer of two- and three-wheeler electric vehicles, aims to build a $1 billion electric vehicle business by 2030, said Sulajja Firodia Motwani, founder and CEO of Kinetic Green.On Thursday, the company unveiled electric luxury and lifestyle golf carts through its joint venture with Tonino Lamborghini SpA, accelerating its global ambitions.“We are poised to disrupt this segment and strive for global leadership, setting a confident and ambitious new benchmark in markets ready for revolution. For Kinetic Green, this marks the start of our global journey, bringing Made-in-..
IFC Invests Rs 1.7 Bn in Transvolt to Boost Electric Vehicle Output
IFC, a member of the World Bank Group, announced on Friday a USD 20 million equity investment in Transvolt Mobility Pvt Ltd to expand electric vehicle (EV) production.This USD 20 million contribution forms part of Transvolt’s USD 50 million financing round, said the World Bank arm that supports private sector growth in emerging markets.“This is IFC’s first equity investment in an EV platform globally and in India. It will enable Transvolt to scale its electric fleet to 3,500 vehicles and create 8,200 jobs over the next five years. It will also support the company’s long-term goal to de..
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