Reliance-Backed Altigreen’s EV Three-Wheeler Dreams Hit A Wall

Yet another EV startup is close to pulling its shutters down. Bengaluru-based three-wheeler EV manufacturer Altigreen has halted its manufacturing operations and is at risk of shutting down completely if it fails to secure funding. 

Multiple sources familiar with the state of affairs at Altigreen told Inc42, a situation acknowledged by the company’s CEO, Amitabh Saran.

The Reliance-backed startup, which was one of the early moves in the three-wheeler EV manufacturing space, has been hit by a massive fund crunch. With dues mounting, the…