EV startup Okinawa raises $7 Mn from existing investor

Okinawa Autotech, an electric two-wheeler company has raised Rs 60 crore (around $7 million) from its existing investor Dhruv Khush Business Ventures.

This funding comes at an important time for Okinawa Electric, as the company is facing falling revenues and a significant drop in market share.

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According to its filing with the Registrar of Companies (RoC), Okinawa’s board has approved the allotment of 23,51,000 equity shares at an issue price of Rs 255.21 per share to raise the stated amount.

The new investment is expected to help Okinawa improve its products and work toward a business recovery. The funding also shows that investors still believe in the company’s potential.

As competition in the electric vehicle market intensifies, Okinawa needs to act quickly and strategically to regain its position in ev market.

The fresh capital offers a chance to reverse declining sales and navigate the challenges of a crowded market. However success will depend on how fast and effectively the company can innovate and execute its plans.

About Okinawa 

Founded in 2015 by Jeetender Sharma and Rupali Sharma, Okinawa Autotech, an electric two-wheeler company, has launched eight models so far, including the PraisePro, iPraise+, Okhi-90, Ridge+, Lite, and R30. However, in 2025, the company has sold only 1,266 electric scooters, holding just 0.23% of the market, according to Vahan data. 

In comparison, TVS Motor and Bajaj Auto lead the electric two-wheeler segment with strong market shares of 24% (1,33,227 units) and 23.8% (1,32,168 units), respectively.

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