Hyderabad-based electric three-wheeler maker Gayam Motor Works plans to go public autocarpro.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from autocarpro.in Daily Mail and Mail on Sunday newspapers.
Gayam Motor Works (GMW)
Gayam Motor Works, a Global EV Pioneer Announces USD 50Mn Investment Commitment from GEM, Seeks to Go Public in Coming Months
Thursday, April 1, 2021 2:37PM IST (9:07AM GMT)
New York, United States & Hyderabad, India: Gayam Motor Works (GMW) today announced a US$50Mn investment commitment from Luxemberg based GEM Global Yield LLC SCS (“GEM”) as the company plans to go public. The commitment will be made available on the first day of trading or in tranches to be drawn at the company’s option over a three-year period. With certainty of the investment upon listing, GMW is now well-positioned to deliver on the company’s vision of accelerating the world’s transition towards smart and sustainable mobility.
Gayam Motor Works (GMW)
Gayam Motor Works, a Global EV Pioneer announces USD 50 million investment commitment from GEM, seeks to go public in coming months ANI | Updated: Apr 01, 2021 17:17 IST
New York [United States]/Telangana (Hyderabad) [India], April 1 (ANI/BusinessWire India): Gayam Motor Works (GMW) today announced a USD50 million investment commitment from Luxembourg based GEM Global Yield LLC SCS ( GEM ) as the company plans to go public.
The commitment will be made available on the first day of trading or in tranches to be drawn at the company s option over a three-year period. With certainty of the investment upon listing, GMW is now well-positioned to deliver on the company s vision of accelerating the world s transition towards smart and sustainable mobility.
Gayam Motor Works (GMW) today announced a US 50Mn investment commitment from Luxemberg based GEM Global Yield LLC SCS ( GEM ) as the company plans to go public. The commitment will be made available on the first day of trading or in tranches to be drawn at the company’s option over a three-year period. With certainty of the investment upon listing, GMW is now well-positioned to deliver on the company’s vision of accelerating the world’s transition towards smart and sustainable mobility.
GMW is a pioneer in the Indian electric mobility space, and is the largest exporter of electric 3Ws (or e-tuktuks) from India, with presence in UK, France, Portugal, Japan, Uganda, Nepal and Bangladesh. GMW’s SmartAuto is the first Indian e-3W to be European certified, and is also the first e-3W to be designed with a modular battery swapping system. The combined value of 3Ws and 3W refueling markets is at US 32Bn. Several developing countries have a high rate of usage of three-wheelers, which
Gayam Motor Works, a Global EV Pioneer southeastasiapost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from southeastasiapost.com Daily Mail and Mail on Sunday newspapers.