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Gayam Motor Works, a Global EV Pioneer announces USD 50 million investment commitment from GEM, seeks to go public in coming months


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. ....

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Gayam Motor Works Announces USD50Mn Investment Commitment from GEM


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, ....

United Kingdom , Raja Gayam , Harsha Bavirisetty , Flipkart Walmart , Global Yield , Gayam Motor Works , Harsha Bavirisetty The , ஒன்றுபட்டது கிஂக்டம் , ராஜா காயம் , பிளிப்கார்ட் வால்மார்ட் , உலகளாவிய மகசூல் , காயம் மோட்டார் வேலை செய்கிறது ,

Gayam Motor Works, a Global EV Pioneer

Gayam Motor Works, a Global EV Pioneer
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United Kingdom , Harsha Bavirisettythe , Raja Gayam , Flipkart Walmart , New York , Businesswire India , ஒன்றுபட்டது கிஂக்டம் , ராஜா காயம் , பிளிப்கார்ட் வால்மார்ட் , புதியது யார்க் ,