Bharat Forge has made an additional investment of Rs 4 crore in electric two-wheeler startup Tork motors. This is the third tranche of a total commitment of about Rs 30 crore from Bharat Forge.
Now, it holds up to 48.86% and subscription of 1,895 equity shares in the Pune-based firm. Additionally, there is an expectation of revision in allotment of shares by Tork to its employees under ESOP scheme. (Source)
Started his professional career from an edtech startup, Harsh has more than four years of experience with the startup ecosystem. He loves to play with numbers, chase data-driven stories and coin new terms. Currently based in Gurugram, he can be reached at [email protected]
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