Electric two-wheeler maker Kabira Mobility secures $50 million funding ...Middle East

Electric two-wheeler maker Kabira Mobility on Friday said it has secured USD 50 million (around Rs 412 crore) funding from Qatar-based Al-Abdulla Group. The Panjim-based company plans to utilise the capital to fund its future growth in the country. The company plans to ramp up production capacity of its electric bikes KM3000, KM4000, introduce new products and enhance sales infrastructure across the country. The company currently has an installed production capacity of 40,000 units a month at its Dharwad-based plant in Karnataka. In an interaction with PTI, Kabira Mobility CEO Jaibir Siwach said the company has raised USD 50 million through equity sale. The companies, however, did not share

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