Kabirdass Motor Planning IPO for Zero-Emission Vehicles?

By Narsi Santhanam • May 6th, 2009 • Category: Uncategorized

Chennai-based electric Kabirdass Motor is planning the first IPO in the auto industry in the last few years. Kabirdass was formed in 2006 to develop and commercialize zero-emission vehicles called XITE. Kabirdass is a portfolio company of Best Cast IT, a leading aluminum casting and machined automobile parts manufacturing company and partnering with major OEMs for supplies. The company is looking to raise around $16 million (Rs 81 crore) through the issue, which includes $4 million (Rs 20 crore) from Best Cast.

Source: Cleantech

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Narasimhan (Narsi) has extensive experience in understanding renewable energy markets and strategic levers for success in these markets. His special focus has been his work on the Indian renewable energy industry. His work in the previous 15 years have spanned market and industry research, product management and international sales, and strategic consulting. see more http://www.eai.in/ref/team/ns.html

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