{"id":100642,"date":"2022-07-26T09:06:25","date_gmt":"2022-07-26T09:06:25","guid":{"rendered":"https:\/\/alj.com\/?post_type=in-the-news&#038;p=100642"},"modified":"2022-07-26T09:06:25","modified_gmt":"2022-07-26T09:06:25","slug":"abdul-latif-jameel-bets-on-e-scooters-and-autos","status":"publish","type":"in-the-news","link":"https:\/\/alj.com\/en\/in-the-news\/abdul-latif-jameel-bets-on-e-scooters-and-autos\/","title":{"rendered":"Abdul Latif Jameel bets on e-scooters and autos"},"content":{"rendered":"<p>Renowned technology and trends magazine <a href=\"https:\/\/wired.me\/\" target=\"_blank\" rel=\"noopener\">WIRED Middle East<\/a> reports on the <a href=\"https:\/\/alj.com\/en\/news\/abdul-latif-jameel-invests-in-greaves-electric-mobility-one-of-indias-leading-two-to-three-wheeler-electric-mobility-companies\/\">recent announcement<\/a> that Abdul Latif Jameel has invested in Greaves Electric Mobility, one of India\u2019s leading two-to-three-wheeler Electric Vehicles (EV) manufacturers.<\/p>\n<p>It reports:<\/p>\n<blockquote>\n<p class=\"post-sub-title\">One of Saudi Arabia&#8217;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.<\/p>\n<p>The initial funding gives Abdul Latif Jameel a 36 percent stake in the Indian EV manufacturers, transforming the Saudi investors into the company\u2019s second-largest shareholder.<\/p>\n<\/blockquote>\n<p><span class=\"lt-line-clamp__line\">WIRED Middle East is the 5th edition of the award-winning global publication, with a specific view on the technologies,<\/span>\u00a0<span class=\"lt-line-clamp__line lt-line-clamp__line--last\">trends, and forces impacting the Middle East region and culture.<\/span><\/p>\n","protected":false},"featured_media":100677,"template":"","tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.5 - 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