Investment18 Jul 2025, 05:11 pm
Aion-Tech Solutions Invests Rs. 1,25,00,000 in Wholly Owned Subsidiary Roqit Greenfleet Digital Solutions
AI Summary
Aion-Tech Solutions Ltd. has made a further investment of Rs. 1,25,00,000 towards equity investment in its wholly owned subsidiary, Roqit Greenfleet Digital Solutions Private Limited. This brings the total investment by the Company in Roqit to Rs. 7,60,10,000. Roqit, incorporated in December 2024, is a high-potential platform company aimed at addressing various aspects of fleet and asset management. It has completed pilot and Proof-of-Concept (PoC) engagements but has not yet commenced considerable revenue generation. The investment will be used for Roqit's operational and product development expenses.
Key Highlights
- Aion-Tech Solutions invests Rs. 1,25,00,000 in its wholly owned subsidiary Roqit Greenfleet Digital Solutions
- Roqit is a high-potential platform company focused on fleet and asset management
- Roqit has completed pilot and PoC engagements but hasn't started significant revenue generation
- The investment will be used for Roqit's operational and product development expenses
- Total investment by Aion-Tech Solutions in Roqit now stands at Rs. 7,60,10,000