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
Resources

Madhya Pradesh Champions Inclusive Tourism at Heritage Sites

On the occasion of World Heritage Day, Madhya Pradesh is taking a significant step toward inclusive tourism by making its historical sites accessible to all — especially persons with disabilities. The state is rolling out its ‘Accessibility Infrastructure and Development’ project at Maheshwar, Mandu, Dhar, and Orchha, aiming to create a more welcoming experience at these iconic cultural destinations.The initiative, under the leadership of Chief Minister Dr Mohan Yadav and Tourism Minister Shri Dharmendra Bhav Singh Lodhi, includes infrastructure upgrades such as ramps, Braille signage, w..

Next Story
Resources

Runwal Realty Onboards Sonam Kapoor as Brand Ambassador

Real estate major Runwal has unveiled a refreshed identity as Runwal Realty, signalling a renewed commitment to crafting spaces that stand the test of time. With this refresh, the brand unveils its new philosophy: “Building for Generations to Come” and welcomes Bollywood star and global fashion icon Sonam Kapoor as its brand ambassador. This evolved identity reflects Runwal Realty’s commitment to creating not just homes, but heirlooms—crafted through visionary design, meticulous planning, global design expertise and an unwavering focus on quality. With the customer at its core, each de..

Next Story
Infrastructure Urban

Emerging Trends in Infrastructure and Transport 2025: KPMG

KPMG’s latest report, The Great Reset: Emerging Trends in Infrastructure and Transport 2025 edition, sheds light on the profound changes transforming the global infrastructure landscape. As industries adapt to the challenges posed by climate change, economic pressures, and technological advancements, the report identifies key trends and provides actionable insights for leaders in infrastructure and transport sectors. “In today’s interconnected world, the lack of standardized supply chain practices is not just an operational challenge—it’s an environmental and economic one. We’..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?