Okinawa Raise Updates

Friday, 14 June 2024 07:20 AM The government has been vigilant about EV safety, and an expert panel is investigating battery explosion incidents. Okinawa Autotech, along with other EV manufacturers, has been under scrutiny for these incidents. I think the governments strict measures will push companies like Okinawa to adhere to higher safety standards.

Wednesday, 08 November 2023 09:34 AM Okinawa Autotech is planning to invest 25 million euros over the next three years to develop new products and powertrains at its newly inaugurated research and development centre in Italy. The first product from this centre will be an electric cruiser motorcycle set to be unveiled in India soon. I believe this global R&D initiative will bring cutting-edge technology to Okinawas Indian customers.

Thursday, 12 October 2023 08:22 AM The company is investing Rs 500 crore to set up a new manufacturing plant in Karoli, Rajasthan, which will have an annual production capacity of 10 lakh units. This expansion is part of Okinawas strategy to meet growing demand and address sector challenges. I think this investment will significantly boost Okinawas market presence and production capabilities.

Thursday, 15 June 2023 09:48 AM Okinawa Autotech has launched updated versions of its Praise Pro and iPraise+ electric scooters in India, introducing new color options and minor design tweaks. These updates aim to keep the models fresh and appealing in a competitive market. I believe these new colors will attract more buyers looking for stylish and eco-friendly scooters.

Tuesday, 30 August 2022 01:22 AM Okinawa Autotech has recalled 3,215 units of its Praise Pro scooters to address battery-related issues, following incidents of electric scooters catching fire. This move is part of a broader effort to enhance safety standards in the electric vehicle sector. I think this proactive step will help rebuild consumer trust in Okinawas products.