Tirex Transmission, an EV charger manufacturing firm, introduced the infusion of $2 million from an HNI investor. This $2 million funding will give attention to Tirex Transmission Private Limited’s Growth and R&D efforts for worldwide markets the place the USA is the primary nation of focus.
Founded by Sanskar Patel, Tirex Transmission Private Limited began its journey within the EV Charger area in 2017 in Ahmedabad, Gujarat. Tirex Transmission Private Limited at the moment is a provider of selection for DC chargers for Govt, Private & MNCs. The firm gives world normal EV Chargers (AC and DC chargers) and EV Charging administration options to satisfy India’s give attention to controlling carbon emissions and air pollution.
Given the exponential progress the EV section is experiencing within the home market, and internationally, Tirex Transmission Private Limited wanted funds to scale up operations. Hence they approached GetFive Corporate Advisors LLP, an Ahmedabad-based boutique Investment Banking and M&A Transaction Advisory agency, for funds.
Sankar Patel, Founder, and MD, Tirex Transmission Private Limited, stated, “It was in 2017, on seeing the direction EV was taking, that we embarked on our journey. Now that we have established ourselves well in the industry, it is time to take the leap. That is why we approached GetFive to help us raise funds. Working with them has been a joyride. Not only we could secure the funds within the stipulated timelines, but working as an extended team, they also guided us on various financial aspects of our business.”.
“It was exciting to work with Mr. Sanskar Patel and his team. Given the explosion that the EV segment is experiencing, the value they are creating in the EV charger market is commendable. Sanskar Bhai’s passion and clarity in vision on what he wanted to achieve fuelled our efforts to close the deal in under four months”, stated Shrikant Goyal, Co-Founding Member and Managing Partner GetFive Corporate Advisors LLP.
Source: www.financialexpress.com”
