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Gujarat, Ahmedabad-based EV Charger maker, Tirex Transmission has announced the raise of $2 Million in funding from an ultra HNI investor.
The funding will fuel Tirex Transmission Private Limited’s Growth and R&D efforts for international markets where the USA is the first country of focus.
Speaking on the development, Sankar Patel, Founder & MD, Tirex Transmission said, “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 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”, Shrikant Goyal, Co-Founding Member and Managing Partner GetFive Corporate Advisors LLP further added.