Mumbai, April 10 -- The investment aims to create collaboration between the two companies, combining Avalon's expertise with Zepco's technology and design capabilities to explore new opportunities, develop manufacturing capabilities, and build customer relationships.

Zepco specializes in the design, development, manufacturing, and marketing of motors, motor drives, controllers, and power solutions. These products serve various industries, including drones, electric vehicles, and defense. As of today, Zepco's total paid-up capital stands at Rs 5,27,87,770, and its revenue from operations for the period between 1 April 2023 and 31 March 2024 is Rs 4,21,79,000.

Avalon will invest in Zepco by subscribing to equity shares and compulsorily co...