Greaves Electric Mobility Gets Approval for IPO

Greaves Electric Mobility, an electric vehicle maker, is planning to sell stocks to the public for the first time.

They received permission from the Securities and Exchange Board of India (SEBI) to do this.

The company makes electric scooters, three-wheelers, and more, selling to both businesses and individual customers.

They plan to raise money to improve their products, build a battery factory, and expand manufacturing.

Some of the money will also go towards buying other companies and general business needs.

Greaves has factories in Tamil Nadu, Uttar Pradesh, and Telangana.

The company made over ₹600 crore in revenue in 2024.