Greaves Electric Mobility and Indofast Energy Partner to Improve Last-Mile Mobility

Greaves Electric Mobility Limited, a subsidiary of Greaves Cotton Limited, has announced its entry into battery swapping in partnership with Indofast Energy. This move aims to improve last-mile mobility for fleets and ride-sharing services. With a strong foundation of over a million swaps per month in 20+ cities, the company is now looking to expand further. The company has also filed a draft red herring prospectus with SEBI and the stock exchanges for its proposed initial public offering. However, the press release includes a disclaimer stating that there are potential risks and uncertainties that could affect the company's future developments and performance.

Greaves Cotton Ltd is an Indian manufacturer specializing in engine technology and diversified engineering products, including power generating equipment and automotive components.

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