Kabira Mobility raises Rs 412 crore from Al-Abdulla Group in its Series A funding round.
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Kabira Mobility raises Rs 412 crore from Al-Abdulla Group in its Series A funding round.

Kabira Mobility will use the investment to increase production capacity for its existing models, KM3000 and KM4000, and set up a new manufacturing plant in Jewar, Uttar Pradesh.

Electric mobility startup Kabira Mobility has successfully raised $50 million (₹412 crores) in its Series A funding round from Qatar-based Al-Abdulla Group. The Indian company, founded in 2019, intends to use the funds to increase production capacity for its existing models, KM3000 and KM4000, while also introducing new products and improving sales infrastructure throughout the country.

While the exact details of the equity sale remain undisclosed, the company is planning to expand its existing installed capacity to 60,000 units and set up new operations, including a new manufacturing facility in Jewar, Uttar Pradesh.

The new facility, with an installed capacity of 1.25 lakh units a month, is expected to require an investment of around ₹300 crore. Currently, the company has an installed production capacity of 40,000 units at its Dharwad plant in Karnataka.

In addition to expanding its production capabilities, Kabira Mobility is also looking to increase its sales network from 30 to 100 by the end of the year. The company is focused on the electric bikes market and intends to secure a 30% market share in the next two years. Kabira Mobility plans to introduce pro trims of its existing KM3000 and KM4000 models this year, as well as a new electric cruiser model, the KM5000, later in the year.

Kabira Mobility’s successful fundraising efforts and ambitious plans for expansion reflect a growing trend towards electric mobility in India. With the country aiming to have 30% of all vehicles on its roads running on electricity by 2030, startups like Kabira Mobility will play a significant role in shaping the future of transportation in India.

Commenting on the investment Jaibir Siwach, CEO of Kabira Mobility, said, “Electric bikes are set to be the catalyst for growth in the industry and with this investment, Kabira Mobility is poised to lead the charge. Our relentless focus on R&D for the past five years on powertrain & technology development has paved the way for us and will enable us to capture almost 30% of the electric bike segment and emerge as an industry leader in the next 2 years.”

Also Read: BPCL Launches EV Fast Charging Stations on Six Highways in Western India.

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