Vajram Electric Ltd is planning to raise capital to support its expansion plan. The company intends to use the funds to increase its production capacity and also upgrade its manufacturing facility to meet the growing demand for electric vehicles, both within the country and internationally.
The EV industry’s growth, driven by increasing demand for sustainable mobility, presents a timely opportunity for Vajram Electric to establish itself as a key manufacturing partner for global brands like Acer Electric and Daewoo Motors. International automotive companies are looking to diversify their supply chains and increase production capacity for EVs, making Vajram Electric’s expansion particularly relevant.
According to Chandra Mouli, CEO of Vajram Electric, the company would like to be a part of the e-mobility ecosystem at large by offering sustainable and efficient mobility solutions.
In the future, Vajram Electric will launch electric trikes and e-cycles as part of its new innovations to diversify its product line. In addition Vajram Electric is going to diversify its market reach by extending hands for contract manufacturing services to other EV businesses. This will not only broaden the market for Vajram Electric products globally but also solidify its position as a dependable manufacturing partner in the worldwide EV industry.
