Abdul Latif Jameel bets on e-scooters and autos
June 2, 2022 | Source: WIRED Middle East
Renowned technology and trends magazine WIRED Middle East reports on the recent announcement that Abdul Latif Jameel has invested in Greaves Electric Mobility, one of India’s leading two-to-three-wheeler Electric Vehicles (EV) manufacturers.
One of Saudi Arabia’s most prominent auto-dealers committed to invest $220 million in the EV arm of Indian corporation Greaves Cotton, marking one of the largest investments in the affordable EV sector to date.
The initial funding gives Abdul Latif Jameel a 36 percent stake in the Indian EV manufacturers, transforming the Saudi investors into the company’s second-largest shareholder.
WIRED Middle East is the 5th edition of the award-winning global publication, with a specific view on the technologies, trends, and forces impacting the Middle East region and culture.
Read the full article in its original location here.