EV firm gets $2.6 mn for sustainable biz

The company has achieved the milestone of reaching 105 retail touchpoints with 6200+ on-road scooters in 2021, and with this fundraising, HOP Electric Mobility is targeting 10X growth this year.

DT NEXT Bureau

Updated:12th May, 2022 at 9:19 AM

JAIPUR: HOP Electric Mobility has closed a strategic round of $2.6 million as part of an ongoing $10 million pre-series fundraiser.

The company has achieved the milestone of reaching 105 retail touchpoints with 6200+ on-road scooters in 2021, and with this fundraising, HOP Electric Mobility is targeting 10X growth this year.

Ketan Mehta, Founder-CEO – HOP Electric Mobility explained the significance of the investment and the role of the investor in HOP, said “The same investor has previously supported us in becoming a successful mandate holder of the Rs 26,058 cr PLI scheme. Under this mandate, we will be investing over Rs 2,000 crore in India in the next five years.”

EV firm gets $2.6 mn for sustainable biz

The company has achieved the milestone of reaching 105 retail touchpoints with 6200+ on-road scooters in 2021, and with this fundraising, HOP Electric Mobility is targeting 10X growth this year.

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