Eeve India to raise $10-12 million to double capacity

 

Eeve India, an electric two-wheeler manufacturer located in Orissa, would invest its own money to double production capacity in five years while also planning a series of launches for next year.

The startup hopes to earn $10-12 million from internal accruals to help fund its manufacturing expansion plans, which will see capacity double to 2 million units per year.

 

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