Tirex Transmission raises $1 million in funding

• BySheetal Sidhu     |    October 22, 2022

An ultra-HNI investor has given Tirex Transmission, a manufacturer of EV chargers, another $1 million to support its expansion. Tirex Transmission Private Limited, with the help of their knowledgeable financial investment company GetFive, was able to get the additional finance in less than four months to support their ambitious expansion goals in response to the market demand. The money raised will be put to use reviving R&D and expanding businesses. 

“Once more, GetFive delivered on its promise to provide trustworthy counsel. They are not only great at matching us with the proper investors, but they have also become more of an extended team than traditional consultants thanks to their helpful advice on many financial elements of the company “stated Tirex Transmission Private Limited’s founder and MD, Sanskar Patel.

Tirex, a company founded in 2017 by Sanskar Patel, is poised to maintain its dominance in the EV charger market. Tirex Transmission Private Limited is a preferred supplier of DC chargers for the government, private sector, and multinational corporations because of its qualified team of engineers, cloud-based charger management system, and well-equipped R&D facilities. According to a statement from the company, the company provides international standard EV chargers (AC and DC chargers) and EV charging management systems to fulfil India’s focus on reducing carbon emissions and air pollution. 

“Working with a team that is fired up and committed to advancing the EV market is exhilarating. Without Sanskar and the team’s assistance and prompt decision-making, the speedy turnaround would not have been feasible “Shrikant Goyal, co-founding member and managing partner, GetFive Corporate Advisors LLP added.

Are you a startup founder and wanted to get your startup story featured? Get your startup story featured here – Yes, I want to get my story featured . For any rectifications & editorials, reach out to [email protected]

Join our Telegram group for exclusive updates on startup ecosystem and stay closer to us, Click here to join

For more insights on startup ecosystem and startup stories, stay tuned to Startup Story!

Check out our YouTube channel for insightful content from the Indian startup ecosystem.

Follow Startup Story