Yatri and Sipradi enter into a Joint Venture: Development and Promotion of cutting-edge 'made in Nepal' Yatri electric two wheelers.

Kathmandu. Yatri and Sipradi have signed an agreement to establish a Joint Venture to develop, manufacture and Promote Yatri products.

The JV benefits from Sipradi's multiple decade experience in the automotive domain and allied businesses since 1982. Sipradi, Nepal's prestigious organization, will support Yatri and drive forward innovation in engineering and development of sustainable transportation systems.

"Forward thinking and Progressive design are the two key pillars of this collaboration. This partnership enables us to build affordable yet cutting-edge electric vehicles while allowing us to build an excellent network in the region", says Ashim Pandey, Founder and CEO of Yatri Design Studio.

"The preparatory groundwork and the detailed study that has gone into this Joint Venture is a testament to our intent of a long standing partnership with Yatri and tackle broader mobility challenges", says Rajan Babu Shrestha, CEO of Sipradi Companies.

The signing of the JV contract represents a shared vision of local innovation in automotive engineering. It marks an important milestone as the partnership seeks to shake up the stagnant electric two-wheeler industry with affordable and exciting Yatri products.

We would like to express our sincere gratitude towards everyone who has been instrumental in the process of making this partnership a reality; especially all the members of Cross Functional Team (from both Sipradi and Yatri), spanning multiple functions including technology, finance, operations as well as our Board, Core Team, technical and non-technical team members, including our in-house financial consultants.