Kandi Technology has announced a series of major investments aimed at helping Indian consumers with Blockchain technologies.
According to a statement from Kandi, the investments will help improve and accelerate the adoption of Blockchain technology in India.
“The companies in the portfolio are committed to supporting Blockchain and blockchain technology in their respective industries,” said a Kandi spokesperson.
“With these investments, the companies will be able to help the Indian consumer and small businesses achieve a better experience in the digital world.
We look forward to working with the Indian Government and other stakeholders to facilitate the adoption and adoption of blockchain technology.”
While the company does not disclose its investments, Kandi’s recent acquisitions have raised concerns about the company’s intentions.
For example, Kanda has acquired a technology firm called “Energi” to focus on the Blockchain for mobile payments and payments systems.
While Energi is based in Germany, Kudai is based overseas, and its head is also from India.
Kandi has also partnered with Indian conglomerate Bharti Airtel to launch an online portal for consumers to buy goods and services through the company.
However, it is unclear if these investments will be implemented in the near future.