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Kinetic Green, an EV manufacturer, raised Rs 168 crore in equity and debt from London-based private equity fund Greater Pacific Capital.

The E-Luna maker raised Rs 67 crore in Series A by allotting 7,04,612 compulsorily convertible preferred shares of the company. Its board passed a special resolution to issue 10,100 non-convertible debentures to raise Rs 101 crore from Greater Pacific Capital.

Kinetic Green will use the proceeds to pay operating expenses, repay debt, invest in capital expenditures, and expand its business.

Greater Pacific Capital will also hold a 4.58% stake in the company post-placement.

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Kinetic Green Electric Vehicle Manufacturer Greater Pacific Capital Rs 168 Crore Funding business expansion Working Capital Requirements debt repayment E-Luna Maker series A funding Convertible Debentures Capital Expenditures revenue growth