Okinawa Autotech, a company that makes electric two-wheelers, has raised INR 60 crore (about $7 million) from its current investor, Dhruv Khush Business Ventures.
This funding is very important for Okinawa Electric because the company is seeing its sales go down and losing a lot of customers.
According to official records, Okinawa’s board has agreed to sell 2,351,000 shares for Rs 255.21 each to raise the money mentioned.
The new investment will help Okinawa make better products and get its business back on track. It also shows that investors still have faith in the company’s future.
With more companies joining the electric vehicle market, Okinawa needs to move fast and make smart choices to get back on top.
The new money gives Okinawa a chance to stop sales from dropping and handle the tough competition. But their success will depend on how quickly and well they can come up with new ideas and carry out their plans.
Okinawa Autotech is an electric two-wheeler company started in 2015 by Jeetender Sharma and Rupali Sharma. So far, they have launched eight models, like PraisePro, iPraise+, Okhi-90, Ridge+, Lite, and R30.
But in 2025, the company sold only 1,266 electric scooters, which is just 0.23% of the total market, according to Vahan data.
In comparison, TVS Motor and Bajaj Auto are the top players in electric two-wheelers. TVS has 24% of the market with 133,227 units sold, and Bajaj Auto has 23.8% with 132,168 units sold.
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