ChrysCapital leads a Rs 220cr investment round in LivGuard

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    • April 29, 2019 at 4:48 am #32289
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        #News(General) [ via IoTForIndiaGroup ]

        ChrysCapital, India’s largest domestic private-equity firm, has led a Rs 220-crore investment round in energy solutions company LivGuard Energy Technolgies that makes, besides traditional automotive products, batteries that drive cars and bikes using the electric power train.

        The five-year-old LivGuard was founded by Rakesh Malhotra and Navneet Kapoor, the former founder promoters of Luminous Power, the home-grown power and home electricals major, and was formed three years after the duo sold the business to French engineering giant Schneider Electric for Rs 1,400 crore in 2011.

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