Objects of the Issue
| # | Purpose | Estimated Amount |
|---|---|---|
| 1 | Funding purchase of electric two wheeler vehicles for selling and supplying the same to the new and existing dealers; | ₹6.00 Cr |
| 2 | Funding capital expenditure proposed to be incurred towards setting up of eleven dealership stores in various states in India; | ₹6.23 Cr |
| 3 | Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company; and | ₹3.50 Cr |
| 4 | General Corporate Purposes | ₹5.77 Cr |