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May 19,2025

Folks Motor Secures ₹100 Crore for Electric Vehicle Fund

Folks Motor, a leader in India's xEV (retrofit) industry, has raised ₹100 crore in the first close of its "Folks Funds," targeting ₹500 crore. The fund focuses on enhancing India's Electric Vehicle supply chain and manufacturing capabilities, including developing "The Blue IP," India's first EV-specific industrial park in Sonipat.

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