28 Jul 2022
According to an official statement, due to this acquisition, E-Ashwa will have exclusive access to three exclusive models of electric 2-wheelers in its pocket manufactured by Stripes Motors. Thereby enhancing the bouquet of E-Ashwa products to its customers with a wide range of models and product ranges in electric vehicles.
e-Ashwa Automotive Private Limited today announced that it had purchased 100% ownership in Stripes Motors Pvt. Ltd., which sells electric 2-Wheelers under the well-known Stripes brand in North-East India.
“With this strategic acquisition, e-Ashwa will expand its operation and strengthen its foothold in North-East India and expand its dealership network in order to provide affordable and smooth last mile mobility for the people of North-East India.” said Vikas Gupta, Founder & CEO of e-Ashwa Automotive, in response to the acquisition.
By acquiring Stripes Motors, e-Ashwa will gain access to three exclusive types of electric 2-Wheelers, expanding the variety of e-Ashwa products available to its customers with a wide range of models and product lines in electric cars, Gupta added.
Last year, e-Ashwa also introduced 12 distinct electric 2-wheeler models, offering a few electric 3-wheeler models under its name. In addition to vehicles like the e-Cargo, e-Garbage, e-School van, and similar ones in the 3-wheelers verticals, e-Ashwa has its model of the e-Rickshaw, e-Loader, and e-Auto within the category of electric 3-wheelers.
E-Ashwa has been selling EV goods for the past four years and has so far established 26 Assembly units across the nation with 750+ team members with backgrounds in technical and support functions, as well as devoted Research and Development personnel.
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