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Mobility startup Tsuyo Manufacturing has raised $4.5 million in a funding round led by early-stage investment firm Avaana Capital.
The company will utilise the funds to build a new greenfield manufacturing facility, set up a research and development (R&D) centre, and expand its export operations and partnerships with automakers across Southeast Asia, Japan, Korea, and Europe.
“EV is a relatively new domain, and the industry has only recently evolved. In fact, (only) over the last four to five years, people have started taking it seriously….
