Aion-Tech Solutions Invests Rs. 8 Crore in Subsidiary ETO Motors, Increasing Stake to 56.29%

Aion-Tech Solutions Ltd. has invested Rs. 8 Crore in its subsidiary, ETO Motors Private Limited, by converting a loan into equity. This move has increased Aion-Tech's stake in ETO Motors to 56.29%. ETO Motors, an unlisted company incorporated in 2018, is a prominent Electric Mobility as a Service (eMaaS) and Energy as a Service (EaaS) company in India. The investment was made at arm's length and does not involve any actual outflow of funds from Aion-Tech.