EV company Altigreen, has received investment from the family office of ‘House of Anita Dongre’, an Indian fashion house. The fashion house aims to support its vision of efficient, affordable and accessible carbon-free transportation. Altigreen designs and develops world-class electric vehicles focusing on the differentiated needs of India and the emerging markets. The aim of Altigreen is to make carbon-free transportation not just exciting and economical, but accessible to all.
Amitabh Saran, who is the founder and CEO of Altigreen, said that they are delighted with this investment. House of Anita Dongre is a pioneer of sustainable and earth-friendly practices in India’s fashion panorama. The investment from House of Anita Dongre is a testimony of Altigreen’s successful endeavours towards a better and clean future, one vehicle at a time. It will extend the horizon of investments in EV solutions beyond the traditional funds while helping Altigreen achieve its mission of reducing India’s carbon footprint by making road transport completely electric.
Mukesh Sawlani, chairman House of Anita Dongre Ltd, said that they are excited to take this journey forward with the team at Altigreen. Together they will work on their mission and vision of making Indian cities more breathable again.