Tessellate Tech Ventures, the investing arm of the Napino Auto and Electronics Ltd, Gurgaon, which is also one of the largest Automotive Electronics Component Manufacturers in India, has made an undisclosed investment in the New Delhi based EVI Technologies Pvt Ltd.
Speaking on the funding, Team EVIT, said “EVIT is very much excited to have partnered with Napino, as their world-class manufacturing facility will help us make our product range comprehensive to meet all requirements of electric vehicle (EV) industry. EVIT is foreseeing huge opportunities in EV space and this funding will help in expanding the team and development of the new and faster type of EV chargers”.
EVIT was founded by the Vikrant, Rupesh, and Aditya. It has launched operations in the year 2017 and offers all the types of EV charging solutions ranging from commercial charging stations, home chargers and battery swapping stations.
Speaking on the growing success of EVIT, Shri Sanjeev Chopra, CEO, Electropreneur Park said, “the electronics industry is one of the fastest-growing in the country. Growing at fast-paced rate, the industry indicates that it is one of the major contributors to the Indian economy. By focusing on incubating and nurturing start-ups in the electronic eco-system like EVIT, we envision to open avenues for job opportunities in the country, push for production, demand and consumption of electronic products in the domestic market which will further help in the economic development.”