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Electrotherm in talks to acquire US-based Firefly
Gujarat's electric two-wheeler maker Electrotherm India Ltd(EIL) is looking to acquire Illinois based lead acid battery manufacturer Firefly Energy. The US-based company has already filed for bankruptcy in March. EIL owns the popular electric scooter brand 'Yobykes'. "Yes, negotiations are in a very advanced stage with Firefly. It makes electric batteries, and is a suitable acquisition target for
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