{"id":131638,"date":"2022-02-14T10:53:12","date_gmt":"2022-02-14T10:53:12","guid":{"rendered":"https:\/\/www.edristi.in\/?p=131638"},"modified":"2022-02-14T10:53:18","modified_gmt":"2022-02-14T10:53:18","slug":"rnel-to-invest-in-ev-technology-company","status":"publish","type":"post","link":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/rnel-to-invest-in-ev-technology-company\/","title":{"rendered":"RNEL to invest in EV Technology Company"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>Question: Recently Reliance New Energy (RNEL) has entered into an agreement with which of the following EV technology company for the development of \u2018New Energy&#8217; and &#8216;New Mobility&#8217; ecosystems?<br><\/strong>a) Altigreen Propulsion Labs<br>b) MAHINDRA ELECTRIC<br>c) HERO ELECTRIC<br>d) None of these<br><strong>Answer: (a)<br>Related Facts:-<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Reliance Industries&#8217; wholly-owned subsidiary Reliance New Energy (RNEL) will invest in EV technology company Altigreen Propulsion Labs.<\/li><li>Accordingly, RNEL has entered into an agreement with Altigreen for subscription of 34,000 Series.<\/li><li>It is a Compulsorily Convertible Preference Shares of face value Rs 100 each for an aggregate consideration of Rs 50.16 crore.<\/li><li>The transaction is proposed to be completed before March 2022, it said in a regulatory filing.<\/li><li>The investment is part of Reliance&#8217;s strategic intent of collaborating with innovative companies in &#8216;New Energy&#8217; and &#8216;New Mobility&#8217; ecosystems.<\/li><li>Based out of Bengaluru, Altigreen is an electric vehicle technology and solutions company for commercial last mile transportation through 2\/3\/4 wheeled vehicles.<\/li><li>It has developed an E3Wvehicle and its vehicles are built in-house in Bangalore on a mobility platform that is 100%indigenous.<\/li><li>Its current patent portfolio spans 60 countries with 26 global patents.<\/li><li>Some of Altigreen&#8217;s current technologies include electric motors &amp; generators, vehicle controls, motor controls, EV transmissions, telematics &amp; IoT and battery management.<\/li><\/ul>\n\n\n\n<p class=\"has-text-align-right wp-block-paragraph\"><strong>By Rajesh Tripathi<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Links:-<\/strong><br><a href=\"https:\/\/www.business-standard.com\/article\/news-cm\/reliance-new-energy-to-invest-rs-50-16-cr-in-altigreen-propulsion-labs-122021000268_1.html\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.business-standard.com\/article\/news-cm\/reliance-new-energy-to-invest-rs-50-16-cr-in-altigreen-propulsion-labs-122021000268_1.html<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Question: Recently Reliance New Energy (RNEL) has entered into an agreement with which of the following EV technology company for the development of \u2018New Energy&#8217; and &#8216;New Mobility&#8217; ecosystems?a) Altigreen Propulsion Labsb) MAHINDRA ELECTRICc) HERO ELECTRICd) None of theseAnswer: (a)Related Facts:- Reliance Industries&#8217; wholly-owned subsidiary Reliance New Energy (RNEL) will invest in EV technology company [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":131639,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1089],"tags":[2338],"class_list":["post-131638","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-enew","tag-economics"],"_links":{"self":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/131638","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/comments?post=131638"}],"version-history":[{"count":1,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/131638\/revisions"}],"predecessor-version":[{"id":131640,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/131638\/revisions\/131640"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/media\/131639"}],"wp:attachment":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/media?parent=131638"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/categories?post=131638"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/tags?post=131638"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}