by Pravaig Dynamics, an Indian electric vehicle (EV) startup, has partnered with Saudi Venture Studio (SVS) to explore opportunities in the Middle East. The partnership will see the two companies work together to develop and launch EV products in the region.
Pravaig Dynamics is a Bengaluru-based company that was founded in 2015. The company manufactures and sells electric SUVs. Pravaig Dynamics’ flagship product is the Defy, an electric SUV that has a range of 250 kilometers.
SVS is a venture studio based in Riyadh, Saudi Arabia. The studio was founded in 2019 by the Public Investment Fund (PIF) of Saudi Arabia. SVS invests in and incubates early-stage startups with the potential to scale in the Middle East.
The partnership between Pravaig Dynamics and SVS is a sign of the growing interest in EVs in the Middle East. The region is home to a number of countries with ambitious plans to electrify their transportation sectors. The partnership will help Pravaig Dynamics to tap into this growing market.
Under the partnership, Pravaig Dynamics and SVS will work together to develop and launch EV products that are tailored to the needs of the Middle East market. The companies will also work together to build a regional ecosystem for EVs, including charging infrastructure and after-sales support.
“We are excited to partner with SVS to bring our EVs to the Middle East,” said Siddhartha Bagri, CEO of Pravaig Dynamics. “The region is a key market for us, and we believe that SVS is the perfect partner to help us succeed.”
“We are delighted to partner with Pravaig Dynamics to bring their innovative EVs to the Middle East,” said Mansour Alsanooni, CEO of SVS. “We believe that Pravaig Dynamics has the potential to be a leading player in the EV market in the region, and we are excited to support their growth.”
