Okinawa raises $7 million from existing investor Dhruv Khush Business Ventures to tackle recent struggles in sales and market share.

Jun 19, 2025•6 months ago

Amount Raised

$7 Million

GurgaonAutomotiveManufacturing

Investors

Dhruv Khush Business Ventures

Description

Electric two-wheeler firm Okinawa Autotech has secured Rs 60 crore (approx $7 million) from its existing investor Dhruv Khush Business Ventures. This funding milestone comes as the company grapples with significant declines in sales and market share. The funds will be instrumental in addressing these challenges. Okinawa is valued at around Rs 325 crore (approx

Company Information

Company

Okinawa Autotech

Location

Gurgaon, Haryana, India

About

Okinawa Autotech is an electric two-wheeler firm based in India, founded in 2015. The company was once a top performer in the electric scooter market, launching several models including PraisePro and iPraise+. However, it has recently faced significant challenges, including a drastic drop in sales and market share, as competition intensifies in the electric vehicle sector.

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