Nysha Mobility Tech gets $3.5M in seed funding
Nysha Mobility Tech, a firm that makes electric vehicle (EV) parts, has raised $3.5 million in a seed fundraising round from Touchstone Ventures, Panthera Peak Capital, as well as other family offices and angel investors.
In addition to allocating funds for capital expenditures, the company will use the money for technology development to optimise production processes, research and development of EV components, and usage of Internet of Things (IoT) and artificial intelligence in manufacturing.
SUN Mobility, Ola Electric, and Virya Mobility are just a few of the more than 40 clients of Nysha Tech Mobility, which has set goals to add more than 100 clients by the end of the year.
In the town of Nelamangala, part of the Bengaluru Rural region, it opened its first manufacturing facility to create the cables and harnesses needed for battery packs, charging and battery-swapping infrastructure, and automobiles.
In addition to allocating funds for capital expenditures, the company will use the money for technology development to optimise production processes, research and development of EV components, and usage of Internet of Things (IoT) and artificial intelligence in manufacturing.
SUN Mobility, Ola Electric, and Virya Mobility are just a few of the more than 40 clients of Nysha Tech Mobility, which has set goals to add more than 100 clients by the end of the year.
In the town of Nelamangala, part of the Bengaluru Rural region, it opened its first manufacturing facility to create the cables and harnesses needed for battery packs, charging and battery-swapping infrastructure, and automobiles.
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