e-Ashwa Automotive Private Limited has announced 100 per cent acquisition of Stripes Motors Pvt. Ltd. which sells electric 2-Wheelers under the popular Stripes brand in North-East India.
Stripes Motors is one of the fastest growing companies of electric vehicles in Assam & North East India. They deal in Electric Bicycle and Electric Bike.
Speaking on this acquisition, Vikas Gupta, Founder & CEO, e-Ashwa Automotive, said, “North-East India is one of the key target markets for e-Ashwa. With this strategic acquisition, e-Ashwa will expand its operation and strengthened its foothold in North-East India and expand its dealership network in order to provide affordable and smooth last mile mobility for the people of North-East India. With this acquisition, e-Ashwa will have access to three exclusive models of electric 2-Wheelers in its kitty by Stripes Motors and thereby enhancing the bouquet of e-Ashwa products to its customer with a wide variety of models and product ranges in electric vehicles.