LML Electric to raise up to Rs 500 crore. To fund setting up of manufacturing plant and scale up business. The company will launch its first product in India in the second half of 2023. LML Electric has entered into a partnership with Saera Electric Auto Pvt Ltd. The second product will be a “hyper bike” — a crossover between an electric scooter and motorcycle. The third one will be an electric scooter.
