The Indian electric vehicle Start Up who is into escootey concept receives grant of 3.9 crore from the Indian Government under the scheme of capital good for development of indigenous industries.
The Start-up electric two-wheeler earlier showcased VS4 and VM4 escooty concept.
Vikas Gupta CEO of Creatara said, ‘the grant is a testimony of hard work by team of Creatara. We is grateful to ministry of heavy industries (GOI).
The grant received will help in research and accelerate development in indigenous technology. This achievement marks a pivotal moment for Creatara, highlighting its dedication to innovation and sustainability within the automotive sector.
The grant validates government vision for accelerating the development of indigenous EV technology by supporting Creatara.
With government backing, Creatara aims to strengthen the nascent Indian EV industry, fostering the creation of technologically advanced vehicles for both the local and global markets, the company shared.
The company mainly will focus on enhancing indigenous technology for electric vehicles and simultaneously ensure that the innovations contribute to India’s ambitious goals of sustainability.
The funds received from Indian Government proved that such grants bring in more that innovation and entrepreneurship that are important in shaping industrial landscape.
India’s electric vehicle will usher a new chapter and bring in more entrepreneurs in start-up arena.
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