India’s DOT to invest about $15 million in international expansion project

Indian green mobility logistics solutions provider DOT plans to spend 106 crore rupees (about $15 million) in its expansion project.

With the infusion, DOT will extend its footholds to nearly 600 across 17 states and reach Canada in June and South-East Asia during the year, followed by China in 2020.

Moreso, DOT aims to expand internationally with its exclusive licensed patents on energy storage, robotics for delivery and microgrids funded via internal accrual and raise equity and debt funding.

DOT is seeking to move with a confirmed order book on delivering groceries, e-commerce, and be a third party contractor using electric two-wheelers in Thailand, Vietnam, Malaysia and Singapore.