House of Anita Dongre invests in Altigreen for EV solutions development
Electric vehicles manufacturer, Altigreen has announced that it has established investment from the family office of the Indian fashion house, House of Anita Dongre, to support its vision of efficient, affordable, and accessible carbon-free transportation. The fashion house has always been a vocal supporter of sustainability in all realms that comprises energy consumption, carbon efficiency, and repurposing resources.
"We are delighted with this investment. House of Anita Dongre is a pioneer of sustainable and earth-friendly practices in India's fashion panorama. Their investment is a testimony of Altigreen's successful endeavors towards a better and clean future, one vehicle at a time. It will extend the horizon of investments in EV solutions beyond the traditional funds while helping us achieve our mission of reducing India's carbon footprint by making road transport completely electric," Amitabh Saran, founder, and CEO, Altigreen, said.
Altigreen designs and develops world-class electric vehicles focusing on the distinguished needs of India and the emerging markets. Founded by a team of experienced global professionals with deep knowledge and expertise across technologies, Altigreen targets to make carbon-free transportation not just exciting and economical, but available to all.
"We're excited to take this journey forward with the team at Altigreen. We believe and concur with their mission and vision of making Indian cities more breathable again," Mukesh Sawlani, Chairman House of Anita Dongre Ltd, said.
Altigreen's technology for the electrification of last-mile transport provides outstanding performance and is tuned to the needs of end-customers and fleet operators. A global team with a forward-thinking and 'must do' approach is creating innovative EV solutions locally.