Tamil Nadu Chief Minister inaugurates Raptee.HV's flagship experience centre in Chennai

According to a report by The Hindu, Tamil Nadu Chief Minister C. Joseph Vijay virtually inaugurated the flagship experience centre of Raptee.HV located in Perungudi, Chennai on Wednesday. The Chief Minister attended the event through video conferencing from the state secretariat. Raptee.HV is a high-voltage electric motorcycle manufacturing company headquartered in Chennai. The company is primarily known for utilizing electric car technology in two-wheeler vehicles.

According to an official release, this new experience centre has been designed with the objective of providing a better experience to customers. This centre is different from a normal factory outlet, where customers will be able to obtain in-depth information about the functioning of the motorcycle and its features. Significant financial assistance has been provided in this project by the Tamil Nadu Industrial Development Corporation (TIDCO). Under its new startup investment policy, TIDCO has made an initial investment of ₹25 crore through Compulsorily Convertible Preference Shares (CCPS) in Raptee Energy Private Limited. TIDCO now also plans to invest in Agnikul Cosmos and several other startup companies.

State Industries Minister S. Keerthana, Chief Secretary M. Sai Kumar, Additional Chief Secretary for Industries, Investment Promotion and Commerce Department S. Vijayakumar, and TIDCO Chairman and Managing Director D. Karthikeyan were specially present on the occasion of this inauguration. This step taken by the government for the development of the company is considered an important one in the electric vehicle sector.

Raptee.HV is a startup company that has focused on bringing new technology to the electric two-wheeler market. TIDCO is an agency of the Tamil Nadu government that works to promote industrial development and the startup ecosystem in the state. By making capital investments in various industries, this organization plays an important role in keeping the state at the forefront of technology and manufacturing. The main objective of the government's startup policy has been to provide financial backing to companies with innovative ideas to achieve employment and technological progress.