Mercury EV Tech Limited a leading player in EV Industry engaged in the business of manufacturing wide range of electric vehicles has been included in the BSE Small Cap Index. This milestone reflects the company’s continued commitment to growth and innovation within the industry.
As part of the BSE Small Cap Index, Mercury EV Tech Ltd. will further enhancing its growth trajectory. This recognition underscores the company’s dedication to advancing electric vehicle technology and delivering value to its stakeholders.
Earlier the company has raised up to Rs. 118.06 Cr via Preferential Issue of Equity Shares, and up to Rs. 362.25 Cr via preferential issue of convertible warrants. The proposed allottees include FPIs Forbes EMF, Nexpack Limited, Eminence Global Fund PCC, AG Dynamic Funds Ltd. amongst other HNI category of Investors. The total fund of Rs. 480 Crores raised will be utilise for the Working Capital, Development of Electric Car, Capital Expansion etc. This fund raising will boost the production of the product as well as it will be interesting to see the Q3 onwards vehicle selling number of the company.
In recent GR of Delhi Government, L5 (6+1) category vehicle of Mercury has given permission to run within the territory of the state. Which has open new market opportunities for the company in upcoming times.