Blueshark two-wheeled EV gets 50 million USD for battery swapping infrastructure in Malaysia

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Blueshark two-wheeled EV gets 50 million USD for battery swapping infrastructure in Malaysia

Getting a 50 million USD (RM235 million) investment is Blueshark EV for two-wheeler battery swapping infrastructure. This follows an investment agreement between Blueshark’s parent company EP Manufacturing (EPMB) and CIS Pride Fund SPC.

Additionally, a separate investment agreement was also signed with Abu Dhabi-based Siraj Holding, where a minimum of 50 million USD will be allocated for the procurement of Blueshark two-wheeled electric vehicles. The two-wheel EVs will be procured from EPMB and leased to B40 category Malaysians for income opportunities in the gig economy sector.

This was announced in a press release by EPMB chairman Executive Chairman Hamidon bin Abdullah on a manufacturing joint-venture memorandum of understanding (MOU) for A-segment EVs with California-based SAEAN Group. paultan.org recently viewed the Blueshark EV electric scooter and battery swapping at IGEM 2022.

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Mohan K Ramanujam

Coming with diverse and extensive experience in heavy engineering, Mohan enjoys making anything with wheels go fast, especially motorcycles. His weapon of choice is the Desmoquattro engine, and he has a penchant for anything with a dash of Italian design. Strangely enough, he insists he's a slow rider.

 
 

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