Key Highlights
- Creatara Mobility receives Rs. 3.09 crore grant from MHI
- Grant provided via Capital Goods Scheme initiative
- Will help boost EV market in India
Automobile giants are getting substantial aid from the government of India to boost the EV infrastructure in India. In the latest development, Creatara Mobility Pvt Ltd., a two wheeler EV brand has been awarded approx. Rs. 4 crores of grant for its electric mobility venture in the country from the Indian government. Read all the details here:
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What Is This New Grant Provided To Creatara Mobility?
Creatara Mobility’s EV venture has received a support of Rs. 3.9 crores from the Ministry of Heavy Industries in India. This government of India approved grant of roughly 4 crores will aid the brand in setting up and boost its EV operations in the Indian market. Just for reference, Creatara Mobility grabbed the headlines last year for carrying an IIT-innovator’s developer tag and its unique and compact electric bike.
Going by the reports online, Creatara Mobility has been granted this massive amount as a part of Capital Goods Scheme for the development of indigenous technology. Commenting on this achievement, Creatara’s CEO, Vikas Gupta said, “This grant is a testament to the dedication and hard work of our team at Creatara” said Vikas Gupta, CEO, Creatara Mobility. He further added, “We are honoured to receive this support from the Ministry of Heavy Industries (GoI). This will motivate us to continue our mission of revolutionizing the electric two-wheeler market.
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Creatara First Electric Bike Expected Features
Creatara electric bike is said to be based on a unique concept which will prioritize riders safety with different set of features. This electric bike is said to come with a weight cap feature with which the ignition will only turn on if the rider weighs a minimum of 40 kgs. The Creatara electric bike will offer up to 100 km of range and will get charged within 5 hours.
