Pravaig Dynamics and Saudi India Venture Studio announced a momentous collaboration during the G20 YEA summit in New Delhi, India. Under the esteemed patronage of His Royal Highness Prince Fahad Al Saud, the partnership aims to co-develop, supply, and service special-purpose vehicles, including Electric Vehicles, AI-driven solutions, Advanced Batteries, and Energy Storage Solutions.
The collaboration’s key objective is to establish a robust left-hand drive production base capable of manufacturing up to 1 million units of vehicles, catering to the demands of the GCC, Europe, and the USA. The strategic guidance of the Kingdom of Saudi Arabia, in alignment with Saudi India Venture Studio and INVEST SAUDI, opens a streamlined path for Pravaig Dynamics to explore opportunities in the MENA region.
Mansour Alsanooni, founder of Saudi India Venture Studio, emphasized the significance of the MOU in harmony with Saudi Arabia’s Vision 2030, aimed at deepening the private sector’s strategic investment relationship with India. Siddhartha Bagri, CEO of Pravaig Dynamics, welcomed the partnership as a new chapter in their journey, dedicated to empowering citizens and countries through technological innovation and development.
The collaboration between Pravaig Dynamics and Saudi India Venture Studio represents a promising milestone in the Kingdom’s technological evolution, driving growth, and socio-economic transformation. Together, they envision a future where technology and innovation empower individuals, nations, and the global community.
