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The electric vehicle (EV) startup @e_motorad has successfully raised INR 166.8 Crores in funding. The newly acquired funds will be allocated towards expanding manufacturing capabilities, introducing technologically advanced smart electric bicycles, and strengthening the company's offline presence. Established in 2020 by Rajib Gangopadhyay, Kunal Gupta, Aditya Oza, and Sumedh Battewar, EMotorad specialises in the sale of electric cycles designed for daily commuting and leisure rides.
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