BNC Receives Strategic Investment from Musashi Seimitsu

#MusashiSeimitsu #BharatNewEnergyCompany #Emobility

Source: Bharat New-energy Company

While Musashi is focused on auto components, including electric power train and advanced battery technologies, BNC is focused on vehicle development and distribution.

February 2023: Musashi Seimitsu Industry Co., Ltd. has made a strategic investment in Bharat New-energy Company (BNC). Musashi and BNC are collaborating to promote the adoption of E-mobility in India.

Musashi and BNC have partnered to promote the EV field in India, focusing on 2W in the beginning. Both companies are selected under the Production Linked Incentive Scheme for Automobile and Auto Components, and are committed to contribute towards the Atmanirbhar Bharat objective of the Indian Government by establishing local Electric Vehicle manufacturing and supply chain capabilities. While Musashi is focused on auto components - including electric power train and advanced battery technologies, BNC is focused on vehicle development and distribution.

The investment is in-line with Musashi’s aim to contribute to the realization of a prosperous global community, where people and environment are in harmony, and Musashi’s strategy towards carbon neutrality.

Apart from the investment from Musashi, existing investors of BNC also participated in the round.

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