Neuron Energy Secures INR 20 Cr Funding
The funding will fuel Neuron’s expansion of Li-Ion smart batteries for EV 2W’s and 3W’s while aiding the brand’s venture into drone batteries.
Neuron To Invest INR 50 Crore In Li-Ion Battery Pack Segment
The investment will be split into two parts – INR 35 crore of working capital financing and INR 15 crore of equity from the promoters and strategic partners.
Neuron Energy To Supply EV Batteries To EVTRIC Motors
Neuron Energy will supply 12,000 battery packs to EVTRIC per year, generating an approximate revenue of INR 50 crore annually.