3ev Industries has raised Rs 1.2 billion in Series A funding round. The funding round was led by Mahanagar Gas making an investment of Rs 0.96 billion. The investors also included Equentis Angel Fund and Thackersey Group, as well as high net-worth individuals (HNIs), UHNIs, and family offices. The funds will be utilised for expanding manufacturing capacity, charging infrastructure, and aftermarket services.
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