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Reva Receives $20 Million Cash Infusion

The investment would help the company expand and consolidate its position in world's electric car production market.

Published: 05-Dec-2006

Reva Electric Car Company Private Limited is the only automobile company in India, which manufactures electric cars. And they have announced receiving investments worth USD 20 million from Draper Fisher Jurveston and Global Environment Fund.

This investment would help the company expand and consolidate its position in world’s electric car production market.

They would use this money to expand business by increasing production capacity, developing newer models and further enhancing its international and domestic distribution.

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