Immotor, one of the companies focusing on developing personal transportation such as electric scooters, has now announced it has garnered an injection of new funds from several investors, including Petronas Ventures.
Immotor says they have managed to raise $ 28 million for this latest injection of funds, and part of it is from Petronas.
This injection of new funds will be used in new product development, expanding new energy -focused product offerings. Immotor is also developing solutions for electric scooters, including the facility to change the battery on it without having to wait for a long charging time for a battery when it is almost used up.
Also this year, Immotor is also targeting the introduction of energy storage products such as portable power stations, energy storage for homes, and a few others.
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BUSINESS & MONEY