- Clean Motion invests $1 million in India’s EV market to boost local manufacturing.
- Plans include producing the Zbee EV in Pune and expanding EV charging infrastructure.
- The investment strengthens Sweden-India business ties and supports Make in India.
Swedish sustainable mobility company Clean Motion is investing $1 million to expand into the Indian electric vehicle (EV) market. This funding, through India Accelerator’s Finvolve initiative, will establish a manufacturing facility in Pune and enhance the company’s regional presence. Clean Motion aims to produce its Zbee EV locally, tailored for India’s market and for global export.
The company’s plans also involve developing a robust EV charging infrastructure, featuring parking, plug-in chargers, and swappable batteries for the Zbee fleet. This investment aligns with India’s ‘Make in India’ initiative, leveraging local manufacturing capabilities and fostering growth in sustainable urban mobility. The partnership also marks a significant milestone in strengthening business ties between Sweden and India, promoting economic growth and environmental sustainability in the EV sector.
