Florida based Indian-American philanthropist gains significant stake in Axiom

Dr. Patel invests in and supports early-stage firms in India and throughout the world, as well as counseling them on how to scale up.

Florida based Indian-American philanthropist gains significant stake in Axiom
Kiran C. Patel, Indian-American philanthropist, cardiologist and businessman. Photo credits: Twitter.

Dr. Kiran C. Patel, Indian-American cardiologist, and business entrepreneur has purchased a 50% stake in Axiom Energy Conversion, a Hyderabad-based manufacturer of electric vehicle (EV) powertrain components. Battery chargers, DC converters, and motor controllers are manufactured by the company.

Recently, Axiom customers include some top EV original equipment manufacturers and retailers. Pantomath Capital Advisors served as the investment banker to the transaction.