Lords Automotive Acquires 100% Stake in Devam Electric Vehicles

Lords Automotive will redesign Devam Electric’s current e-rickshaw model and relaunch it in October 2021

August 4, 2021

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Electric scooter (E2W) manufacturer Lords Automotive has acquired a 100% stake in Ahmedabad-based Devam Electric Vehicles, manufacturers of e-rickshaws, and e-autos (E3W). Through this acquisition, Lords Automotive will take over Devam Electric Vehicles’ assets and patents.

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Rahul Nair

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Lords Automotive Acquires 100% Stake in Devam Electric Vehicles

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