Vegh raises $5 million to expand equipment manufacturing

Vegh, an electric-two-wheeler manufacturing business based in Punjab has raised $5 million in a strategic pre-series financing round from an unnamed investor. The funds’ revenues will be utilised to support Vegh’s working capital requirements, such as developing a strong sales and distribution network and growing its production capabilities for electric vehicle parts.
The investment comes as part of Vegh’s current $50 million pre-series fundraising round.