AMO Electric to raise $100 million for expansion

12 Jan 2022 CW Team

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

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..