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EXCLUSIVE: Triton EV founder says it is planning for an IPO soon in the US as the company gears up for its first car launch in India

Triton Electric in talks with Karnataka govt to set up India plant

Triton Electric in talks with Karnataka govt to set up India plant April 06, 2021 Plans to introduce an N4 sedan Triton Electric, the US-headquartered company that plans to introduce electric cars in India, held an extensive discussion with the Karnataka government on Monday. Led by Himanshu Patel, CEO and Founder of Triton Electric, held a virtual meeting with Chief Minister B S Yediyurappa. The company plans to introduce an N4 sedan in India with a price starting at ₹35 lakh. Recently the company registered the Indian subsidiary by the name of Triton Electric Vehicles India in New Delhi. “Karnataka government is very keen to support entry of new-age firms like Triton Electric Vehicles and all assistance will be provided with complete customised facilitation,” the Chief Minister said. He explained that an EV cluster in Ramanagara is being created over 500 acres which will offer a strong and concentrated EV ecosystem.

Karnataka CM B S Yediyurappa assures support to Triton Electric Vehicle

said his government was keen on supporting new age firms in Karnataka and assured to provide all necessary assistance. He was speaking at a virtual meeting with the CEO and founder of Triton Electric Himanshu Patel on investment opportunities for Triton Electric vehicles in Karnataka on Monday. The Government of Karnataka is very keen to support entry of new age firm like Triton Electric Vehicles and all assistance will be provided with complete customised facilitation, the Chief Minister was quoted as saying in an official statement. He explained that the EV cluster in Ramanagara is being created over an area of 500 acres, which will offer a strong and concentrated EV ecosystem.

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