Latest news with #AbhinavKalia
Time of India
03-07-2025
- Automotive
- Time of India
Invest India backs ARC Electric's EV expansion in corporate mobility sector
Invest India , under the Ministry of Commerce and Industry, has partnered with ARC Electric to support the expansion of its electric mobility services for the corporate sector. The collaboration aims to accelerate EV adoption in India 's Tier 1 and Tier 2 cities. ARC Electric, which operates premium electric cab services for corporate clients, will expand into Hyderabad and Bengaluru , targeting the deployment of over 5,000 electric vehicles within the next 18–24 months. The move is part of a broader effort to provide cleaner transport options to India's growing eco-conscious business community. 'This partnership aligns with the government's clean mobility goals,' said Kuldeep Singla , Senior Manager at Invest India. 'We aim to support scalable, sustainable enterprises like ARC Electric.' The company will use the support to scale operations, build infrastructure, and meet rising demand for sustainable mobility among Indian corporates. Abhinav Kalia , Founder and CEO of ARC Electric, called the collaboration a pivotal step in transforming corporate transportation . 'Our goal is to provide not just transport, but a cleaner, future-ready mobility solution,' he said. Invest India, under the Ministry of Commerce and Industry, has partnered with ARC Electric to support the expansion of its electric mobility services for the corporate sector. The collaboration aims to accelerate EV adoption in India's Tier 1 and Tier 2 cities. ARC Electric, which operates premium electric cab services for corporate clients, will expand into Hyderabad and Bengaluru, targeting the deployment of over 5,000 electric vehicles within the next 18–24 months. The move is part of a broader effort to provide cleaner transport options to India's growing eco-conscious business community. 'This partnership aligns with the government's clean mobility goals,' said Kuldeep Singla, Senior Manager at Invest India. 'We aim to support scalable, sustainable enterprises like ARC Electric.' The company will use the support to scale operations, build infrastructure, and meet rising demand for sustainable mobility among Indian corporates. Abhinav Kalia, Founder and CEO of ARC Electric, called the collaboration a pivotal step in transforming corporate transportation. 'Our goal is to provide not just transport, but a cleaner, future-ready mobility solution,' he said.
Time of India
18-06-2025
- Automotive
- Time of India
ARC Electric reports profitability in FY25, claims industry first in B2B EV segment
ARC Electric , a B2B electric vehicle (EV) services provider, has announced it achieved profitability and turned cash-positive in FY2024–25. The company claims it is the first in India's B2B EV startup segment to reach this milestone. According to ARC Electric, the development follows 100 per cent year-on-year revenue growth and improved profit margins. The company cited market expansion, partnerships with EV vendors, and the onboarding of projects with multiple Fortune 500 companies and Global Capability Centres (GCCs) as key contributors. Focus on Enterprise Mobility and Clean Transport Abhinav Kalia, Founder and CEO of ARC Electric, said: 'In a highly price-sensitive sector with stiff competition, achieving profitability is a validation of both our strategy and our team's commitment. We're building for scale, for impact, and for long-term sustainability. This momentum will drive us as we expand our footprint and deliver cutting-edge EV solutions to enterprises across India.' The company provides EV infrastructure and integrated fleet electrification services to large organisations, with operations spanning Tier 1 and Tier 2 cities. ARC Electric has positioned itself in India's clean mobility sector, working toward enterprise-level electrification aligned with national net-zero targets. Founded in 2022, ARC Electric offers electric cab services tailored for corporate use and has positioned itself as a B2B EV platform promoting sustainable mobility across urban areas.
