Aion-Tech Invests ₹30 Lakhs in Wholly Owned Subsidiary Roqit
Aion-Tech Solutions Ltd has announced a further investment of ₹30,00,000 (Rupees Thirty Lakhs only) in its wholly owned subsidiary, Roqit Greenfleet Digital Solutions Private Limited (Roqit). This brings Aion-Tech's total investment in Roqit to ₹11,35,10,000/-. Roqit, incorporated in December 2024, is a technology platform focused on fleet and asset management solutions for zero-emission mobility. While Roqit has not yet generated significant revenue, it has completed pilot projects and is pursuing commercialization. The funds will be used for operational and product development expenses. The investment is considered a related party transaction, conducted at arm's length by subscribing to equity shares at face value.
Key Highlights
- Aion-Tech injects ₹30 Lakhs into its subsidiary Roqit.
- Total investment in Roqit now stands at ₹11.35 Crore.
- Roqit focuses on fleet management for zero-emission mobility.
- Funds will support Roqit's operational and development needs.
- Investment is an arm's length related party transaction.
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