Lectrix EV looks to raise USD 100 mn to fund future growth

Lectrix EV, the e-mobility division of SAR Group, aims to secure USD 100 million in external funding within the next year to support its expansion. The company, having invested Rs 300 crore internally, plans to enhance its dealership network and establish charging infrastructure across 100 cities. Lectrix unveiled a new electric scooter, NDuro, to redefine urban navigation.