Kabira Mobility, one of the Fastest Growing EV Manufacturing Company in India, which showcased 06 Products during the Auto Expo 2020 announced on 14th February 2020, about its investment of ₹300 Crores in the Invest Karnataka Summit, held at Hubli, Karnataka. Kabira Mobility Became the First EV Start Up in the Nation to have 03 EV Manufacturing Plants for Electric Bikes and Scooters having a capacity of Producing 1.2 Million Electric Scooters Annually.
The Announcement was made in the presence of Honourable Chief Minister of Karnataka Mr. B. S. Yediyurappa and Mr. Jagadish Shettar, the Industry Minister of Karnataka among other Dignitaries.
Speaking on the Occasion Mr. Jaibir Siwach added “The Nation is Eager to Adapt & Switch to Electric Mobility, but we are lacking in Infrastructure and Manufacturing Capability to Cater the Demands of the Nation. This Investment is made to setup a World Class Manufacturing Facility making the Nation a Worldwide Hub of Electrical Vehicles & this Project will generate more than 1000’s of Job Opportunities.”
Kabira Mobility already has 02 Manufacturing Plants and a R&D Canter with a capacity to deliver 150000 Units annually to the nation, and will have the 03rd Manufacturing Plant Ready by the End of 2020.
According to the World Economic Forum, India is one of the fastest-growing markets for Electric vehicles (EVs). This momentum has also been extensively supported by the Government and hundreds of EV-based startups in the country. Electric vehicles in India are...