December 04, 2022

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Tata Motors to launch new Tigor EV looks for raising $1 billion funds for EVs division 

Tata Motors to launch new Tigor EV

Tata Motors to launch new Tigor EV looks for raising $1 billion funds for EVs divison 

Tata Motors India’s pioneer and largest vehicle maker will soon be expanding its EV portfolio in India with the new Tigor EV. Soon it is going to launch a new EV Tigor will be powered by the company’s Ziptron EV powertrain. Tata Motors has released a teaser video displaying the Tigor EV in camouflage. Let us know more about Tata Motors to launch new Tigor EV. 

Tata Motors to launch new Tigor EV

Recently the company has launched the facelifted version of the Tigor EV which is based on the Xpres-T technology which will be available for only fleet purposes. However, the new Tigor EV will be for private buyers.

The Ziptron EV technology comprises an efficient permanent magnet AC motor that provides superior performance on demand. It will offer industry-best dust and waterproof battery system, meeting the IP67 standards.

The advanced Ziptron high-voltage 300V+ architecture uses a permanent magnet synchronous electric motor, which is far superior to the Xpres-T’s 72V AC induction-type motor.

The Tigor EV electric car specifications are not yet revealed, but if we look at the current Tigor EV it produces just 41 hp of max power and 105 Nm of peak torque. The Nexon EVs Ziptron drivetrain is capable of producing 127 hp of max power and 245 Nm of peak torque. It uses a 30.2 kWh lithium-ion battery and a 95 kW electric motor.

The Ziptron technology comes with fast-charging capabilities, with a fast charger it can be charged from 0 to 80 per cent in just 60 minutes. With a home charger, it takes around 7 to 8 hours.

Tata Motors to raise $1 billion funds

The company is in talks that it is looking to raise as much as $1 billion for its new electric vehicles division nearly $7 billion. The persons known to the firm said that “The talks are at an early stage, and several global PE firms, including Blackstone Group, TPG Capital and KKR & Co., have been approached,” and is also in the process of hiring an adviser and is in talks with several global investment banks.”

At the company’s 76th annual general meeting held in the month of June, Tata Motors chairman N. Chandrasekaran announced the funding plan for the EV unit.

Also, read related article: Tata Nexon electric ZConnect offers 35 new features

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