<ul><li>eBikeGo's subsidiary, Vajram Electric Ltd, has acquired a 40% stake in Varcas Automobiles, an electric vehicle manufacturer.</li><li>The acquisition aims to enhance production capabilities and meet the rising demand for electric two-wheelers in India.</li><li>Vajram Electric plans to leverage Varcas' manufacturing expertise to address the demand for EVs in Tier II and Tier III cities.</li><li>This acquisition is part of eBikeGo's strategy to expand its presence in the electric vehicle market through partnerships and acquisitions.</li></ul>

eBikeGo’s unit acquires 40% stake in Varcas Automobiles

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