Investment10 Jul 2026, 01:31 pm
Aion-Tech Invests ₹60 Lakhs More in Wholly Owned Subsidiary
AI Summary
Aion-Tech Solutions Ltd has announced a further investment of ₹60,00,000 in its wholly owned subsidiary, Roqit Greenfleet Digital Solutions Private Limited (Roqit). This brings the total investment in Roqit to ₹10,40,10,000. Roqit is developing a technology platform for fleet and asset management, focusing on zero-emission mobility. The funds will be used for operational and product development expenses. The investment is considered a related party transaction, with necessary approvals obtained. Roqit was incorporated in December 2024 and is yet to commence considerable revenue generation.
Key Highlights
- Aion-Tech injects additional ₹60 Lakhs into its subsidiary Roqit.
- Total investment in Roqit now stands at ₹10.40 Crores.
- Roqit focuses on zero-emission fleet and asset management technology.
- Funds will support Roqit's operations and product development.
- The investment is a related party transaction with prior approval.
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