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Aiming to accelerate its impact, Folks Motor is in talks to raise $100 million in ESG capital to expand its operations and fund its ambitious Blue IP project.
Aiming to accelerate its impact, Folks Motor is in talks to raise $100 million in ESG capital. This significant fundraising effort highlights the global interest in sustainable business models and green technologies.
The funds will be utilized to expand operations, increase R&D capabilities, and fast-track the development of 'The Blue IP'. The company is actively engaging with impact investors and global funds who share the vision of a carbon-neutral future.
Success in this capital raise would position Folks Motor as one of the best-capitalized startups in the Indian cleantech space, giving it the firepower to scale rapidly across the country.
The funds will be utilized to expand operations, increase R&D capabilities, and fast-track the development of 'The Blue IP'. The company is actively engaging with impact investors and global funds who share the vision of a carbon-neutral future.
Success in this capital raise would position Folks Motor as one of the best-capitalized startups in the Indian cleantech space, giving it the firepower to scale rapidly across the country.
Folks Motor continues to lead the way in the hybrid retrofit market. For more information, please visit our home page or contact us.
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#HybridRetrofit
#Sustainability
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