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Ellysium Automotives To Announce A New E-Mobility Company By End June
Ellysium Automotives has parted ways with One Moto and will be announcing a new e-mobility company by the end of this month. The company aims to launch three products within the ongoing fiscal under the new brand.
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Sustainability startup, Ellysium Automotives has revoked its association with British automotive brand One Moto. Ellysium Automotives says that they have decided to part ways as they did not receive the expected support from One Moto to establish a manufacturing unit in India.
The company now soon will be announcing a new e-Mobility brand which will have its manufacturing unit in India, thus allowing them to control quality and technology as per the requirements of the Indian customer.
Reportedly, Ellysium Automotives has already started working with the Telangana government for land allotment to establish the manufacturing plant.
The new EV company is expected to be announced by the end of June 2022.