e-Ashwa Automotive Acquires 100% Stake in Electric 2W company Stripes Motors

#eAshwa #NorthEast #StripesMotors

Source: e-Ashwa

“With this strategic acquisition, e-Ashwa will expand its operation and strengthen its foothold in North-East India and expand its dealership network in order to provide affordable and smooth last mile mobility for the people of North-East India.” - Vikas Gupta, Founder & CEO, e-Ashwa Automotive

July 2022 : e-Ashwa Automotive Private Limited, one of the leading and fastest growing electric vehicle manufacturing brands in the country, has announced 100 per cent acquisition of Stripes Motors Pvt. Ltd. which sells electric 2-Wheelers under the popular Stripes brand in North-East India.

Stripes Motors is one of the fastest growing companies of electric vehicles in Assam & North East India. They deal in Electric Bicycle and Electric Bike. The brand is very popular amongst the young generation of Assam and North East due to its stylish models and innovative designs.

Speaking on this acquisition, Vikas Gupta, Founder & CEO, e-Ashwa Automotive, said, “North-East India is one of the key target markets for e-Ashwa. With this strategic acquisition, e-Ashwa will expand its operation and strengthened its foothold in North-East India and expand its dealership network in order to provide affordable and smooth last mile mobility for the people of North-East India.”

He further stated, “With this acquisition, e-Ashwa will have access to three exclusive models of electric 2-Wheelers in its kitty by Stripes Motors and thereby enhancing the bouquet of e-Ashwa products to its customer with a wide variety of models and product ranges in electric vehicles.”