From Greater Pacific Capital, E-Luna Maker Kinetic Green Raises $20 Mn

Kinetic Green, the electric vehicle manufacturing wing of the Kinetic Group, has closed an investment of Rs 168 crore, or about $20 million, from Greater Pacific Capital.

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This comes as an equity and debt mix financing round, and the first for the Pune-based firm in the calendar year 2024.

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According to regulatory filings with RoC, Kinetic Green’s board has approved a special resolution for the issuance of 10,100 non-convertible debentures, mobilizing Rs 101 crore.

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The company also managed to raise Rs 67 crore in Series A funding by issuing 7,04,612 preference shares to the London-based investor.

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This strategic move on the finance front is likely to further strengthen Kinetic Green’s operational capabilities and market presence.

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Greater Pacific Capital will own 4.58 percent of the company, reflecting a strong market position and growth potential in the EV sector.

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