EV Maker Okinawa To Raise INR 60 Cr From Existing Backer

The EV startup’s board passed a resolution to allot 23.51 Lakh shares at an issue price of Rs 255.21 each on a private placement basis

Okinawa plans to deploy the fresh proceeds to meet working capital requirements and to repay its debt

Founded in 2015, Okinawa Autotech designs and manufactures electric two wheelers, including models such as RIDGE+, PRAISE PRO, IPRAISE+, among others

EV maker Okinawa Autotech is looking to raise INR 60 Cr (around $7 Mn) from existing investor Dhruv Khush Business Ventures. 

As per…