Detel plans to raise Rs 150 cr by 2021

Date: 01 Mar 2021

Detel, an electric vehicle manufacturer, makers of the Detel Easy electric bike, is now targeting to raise Rs 150 crore by the end of this year. The brand has recently unveiled the advanced model of Detel Easy i.e Detel EV Plus catering to the needs of B2C segment and Detel Easy Loader for B2B. The home-grown brand Detel is all set to invest the funds on developing new and innovative product lines for tier 2 and tier 3 markets at the most disruptive price without compromising on quality.

The company will be investing in creating R&D facility for the brand and also to establish a state of art manufacturing unit in Gurugram to offer the most economical EVs in the market, a company press release said.

Detel has been in Indian market since 2017 with its electronics goods and consumer gadgets. In January 2020, the company entered the EV industry.

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