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Corrit Electric Secures Rs 5 Crore Investment from Sportskeeda Founder to Fuel the Electric Vehicle Revolution

Corrit Electric, an innovative electric vehicle (EV) startup, has secured a significant investment of Rs 5 crore from Porush Jain, founder of Sportskeeda. This funding will enable Corrit Electric to expand its operations and intensify its research and development initiatives, focusing on the development of its highly demanded Transit vehicle. As the world moves towards more sustainable transportation solutions, Corrit Electric is poised to lead the charge in the electric vehicle revolution.

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Shivani Chauhan
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Corrit Electric Secures Rs 5 Crore Investment from Sportskeeda Founder to Fuel the Electric Vehicle Revolution

Corrit Electric Secures Rs 5 Crore Investment from Sportskeeda Founder to Fuel the Electric Vehicle Revolution

The electric vehicle revolution is gaining momentum, and Corrit Electric, a promising startup, has just received a significant boost. Porush Jain, the founder of Sportskeeda.com, has invested Rs 5 crore in the company, following a Series A funding round of $9 million led by SphitiCap. This new influx of capital will enable Corrit Electric to expand its operations and intensify its research and development efforts.

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The Spark Igniting Corrit Electric

Mayur Misra and Nishan Kapoor, the visionaries behind Corrit Electric, established the company with a clear mission: to provide sustainable solutions through the production of modern electric vehicles (EVs). Their focus lies in addressing contemporary issues by designing EVs that cater to the needs of today's world.

Their efforts have not gone unnoticed. Porush Jain, an influential figure in the entrepreneurial landscape, has decided to back Corrit Electric with a substantial investment of Rs 5 crore. This investment will play a crucial role in expanding the company's operations and accelerating its research and development initiatives.

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The Road Ahead for Corrit Electric

With the newly raised capital, Corrit Electric plans to prioritize the development of its Transit vehicle in the coming 3-6 months. This electric vehicle has garnered significant demand from fleet operators and last-mile delivery companies, making it a promising venture for the startup.

Jain's confidence in Corrit Electric's mission and product is evident. His investment serves as a testament to the potential he sees in the company. This optimism is well-founded, as Corrit Electric's Transit vehicle recently won the prestigious CII Design Excellence Award.

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The Electric Vehicle Revolution

The electric vehicle industry is witnessing unprecedented growth as the world moves towards more sustainable transportation solutions. Companies like Corrit Electric are at the forefront of this revolution, designing innovative EVs that cater to the evolving needs of consumers.

The investment from Porush Jain is a significant milestone in Corrit Electric's journey. It not only provides the company with the resources it needs to expand and innovate but also validates its commitment to creating a more sustainable future through electric vehicles.

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As Corrit Electric continues to push the boundaries of what's possible in the EV space, it's clear that the road ahead is filled with exciting opportunities. With its focus on sustainability, innovation, and customer satisfaction, the startup is well-positioned to lead the charge in the electric vehicle revolution.

The recent investment from Porush Jain is a testament to the potential of Corrit Electric's mission and product. As the company continues to prioritize the development of its Transit vehicle, it's set to make a significant impact in the electric vehicle industry.

In the coming months, we can expect to see Corrit Electric expand its operations, intensify its research and development efforts, and bring its innovative EVs to an increasing number of consumers. The future of transportation is electric, and Corrit Electric is poised to play a pivotal role in shaping this new landscape.

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