Greaves Cotton is looking for export opportunities for its electric two-wheelers brand, Ampere. This was made possible by the recent investment of Abdul Latif Jameel, a global investor in the e–mobility arm.
Abdul Latif Jameel, a family-owned, diversified business with a Saudi Arabian presence, announced its commitment in June to invest USD 220 million into the Cotton Greaves subsidiary.
It has invested USD 150 million to acquire a 35.80% stake in Greaves Electric Mobility.
This city-based engineering firm is present in five businesses: engine manufacturing, electric mobility and retail. It also offers financing and technology.
Greaves Electric Mobility produces two-wheelers under Ampere, while three-wheelers, such as e-autos and electric rickshaws under Ele and Teja brands, are manufactured under Greaves Electric Mobility.
“We are looking at export opportunities for our two-wheeler brand (Ampere). Basavanhalli said that although we are still discussing the matter internally, exports are definitely on our minds. He said that Abdul Jamil Latif, our partner, has a presence in 32 countries and strong partnerships globally with certain marquee companies.