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EV-startup Etrio secures USD 3 million

Hyderabad: Hyderabad-based EV startup Etrio has raised $3 million in a Series A funding round from a group of undisclosed high net worth individuals.

Founded in 2017, Etrio provides a compact electric powertrain with Lithium-ion batteries as the energy source and associated accessories as kits for different vehicles that fit in perfectly to convert the conventional vehicles into EV.

It would utilize the fresh infusion to pursue developing and manufacturing retro fitment kits for LCVs along with building its own brand of three-wheelers and electric cycles within the next 6-9 months.

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