Hyderabad: And riding the growth expressway are the Hyderabadi entrepreneur-trio -- Raja Gayam, Rahul Gayam and Harsha Bavirisetty -- who co-founded homegrown EV startup, Gayam Motor Works (GMW), which was one the early EV startups off the block in the country in 2010.
GMW has now turned into the sole manufacturer and supplier of EVs to Biliti Electric, a USbased venture floated by GMW founders in 2021 to drive into the largest e-mobility market – US.
“In 2022, we are planning to go for an IPO (initial public offer) in the US market by the year-end and this is when we expect Bility to become a unicorn with certainty of the investment upon listing,” Biliti Electric COO Bavirisetty says.
In November 2021, Biliti received a $400 million investment commitment from Luxembourgbased GEM (Global Emerging Markets) Global Yield LLC SCS (GEM).
هذه القصة مأخوذة من طبعة February 23, 2022 من The Times of India Hyderabad.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة February 23, 2022 من The Times of India Hyderabad.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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