AMO Electric to raise $100 million for expansion
ROADS & HIGHWAYS

AMO Electric to raise $100 million for expansion

AMO Electric plans to raise around $100 million in the next fiscal year. It also has plans for scaling up R&D for introducing new products, expanding manufacturing capacity, and enhancing sales infra in the country for consolidating its position in this sector.

The company is currently selling four electric scooters via their sales network of more than 150 outlets spread across the country.

The electric two-wheeler sector is in a position for immense growth in the few upcoming years. To consolidate their position, they are planning to raise about USD 100 million in the next fiscal year. Which will give momentum to the R&D attempts for trying to be one of the top three industry players.

The company is in negotiations with several financial institutions to raise the capital.

In the current quarter, the company is planning to launch two new products along with four new high speed products which include an electric bike in the following fiscal year.

Every new module will be high speed, 50-85 km/h, and with a range of over 120 kilometers. They will also come with swappable batteries.

The company has an aim of achieving approximately 650 dealerships in the country in terms of sales network, for selling more units.

In the next financial year, the company plans to sell about 1.2 lakh units. Their current presence covers 13 states and two union territories. The expansion plans to cover 25 states and around six union territories.

There are 150 dealers, which will be increased by 200 in this quarter, and approximately 300 in the next fiscal year for achieving a total of 650. Which will provide the company a position for putting more vehicles in the market.

Image Source

AMO Electric plans to raise around $100 million in the next fiscal year. It also has plans for scaling up R&D for introducing new products, expanding manufacturing capacity, and enhancing sales infra in the country for consolidating its position in this sector. The company is currently selling four electric scooters via their sales network of more than 150 outlets spread across the country. The electric two-wheeler sector is in a position for immense growth in the few upcoming years. To consolidate their position, they are planning to raise about USD 100 million in the next fiscal year. Which will give momentum to the R&D attempts for trying to be one of the top three industry players. The company is in negotiations with several financial institutions to raise the capital. In the current quarter, the company is planning to launch two new products along with four new high speed products which include an electric bike in the following fiscal year. Every new module will be high speed, 50-85 km/h, and with a range of over 120 kilometers. They will also come with swappable batteries. The company has an aim of achieving approximately 650 dealerships in the country in terms of sales network, for selling more units. In the next financial year, the company plans to sell about 1.2 lakh units. Their current presence covers 13 states and two union territories. The expansion plans to cover 25 states and around six union territories. There are 150 dealers, which will be increased by 200 in this quarter, and approximately 300 in the next fiscal year for achieving a total of 650. Which will provide the company a position for putting more vehicles in the market. Image Source

Next Story
Infrastructure Urban

3i Infotech Reports Rs 7.25 Bn Revenue for FY25

3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..

Next Story
Infrastructure Urban

Emerald Finance Joins Baya PTE to Boost SME Bill Discounting

Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..

Next Story
Infrastructure Urban

BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25

BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, “We are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?