December 9, 2021

The World Stock Markets Tips & Targets, News, Views & Updates

The World Stock Markets Tips & Targets, News, Views & Updates

Darwin Platform group forays into e-mobility space; launches 3 e-scooters

Darwin Platform Group of (DPGC) on Monday announced its foray into the space with plans to invest nearly Rs 450 crore on product development.

As part of the initiative, the group’s EV venture Darwin EVAT launched three electric — D-5, D- 7 and D-14 — priced at Rs 68,000, Rs 73,000 and Rs 77,000, respectively.

“Global automotive industry is in a transition phase and shifting towards and in India, this transition has started to pick up pace. Darwin EVAT aims to contribute more to this electric revolution,” DPGC Group CEO Raja Roy Choudhury said in a statement.

Commenting on the group’s plans for the EV venture, DPGC Director & Head Automobile Business Saurabh Mohan Saxena said, “The company and group would initially invest nearly Rs 450 crore in this transformation and is taking a comprehensive approach, ranging from research and development to production of green vehicles, which also includes strategic collaborations and partnerships.”

He, however, did not specify the timeline for the investment.

The group said its three electric scooters, which have features such as regenerative braking, speed control gear, battery swapping and USB mobile charger port, among others, have a range of 70-120 km on a single charge.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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