Latest news with #Indofast
NDTV
30-06-2025
- Automotive
- NDTV
River Indie Electric Scooter Bags 10,000 Unit Production Milestone In 22 Months
Electric scooter manufacturer, River, has rolled out the 10,000th Indie scooter from its factory. This milestone comes just 22 months after the rollout of the first Indie. Known as the SUV of scooters, Indie has built a strong consumer base across Indian cities. In April 2025, the brand crossed Rs 100 crore in revenue and 1,000 units in monthly sales since its launch. Also Read - Odysse, Indofast Partner To Make Snap Electric Scooter More Affordable Commenting on the milestone, Aravind Mani, Co-founder and Chief Executive Officer of River, said, "Rolling out the 10,000th Indie today was a proud moment for us. This milestone reflects the demand that Indie has generated for itself. It gives us great confidence as we go forward. By March 2026, we aim to have over 100 stores and a new factory to accommodate a range of products from River." The first Indie was rolled out on August 25, 2023, from the company's manufacturing facility in Hoskote, Karnataka. The 1,20,000 square-foot plant features automated assembly lines for battery packs and vehicle assembly, with an annual production capacity of 1,00,000 units. River currently operates 27 stores across 15 cities, including Bengaluru, Mysuru, Chennai, Hyderabad, Kochi, and Visakhapatnam and many others. The company recently launched new outlets in Pune, Vijayawada, and Trivandrum, with further expansion underway. By September this year, River will have at least one outlet in all the prominent cities across the country through a mix of company-owned stores and dealerships.
Time of India
30-06-2025
- Automotive
- Time of India
Indofast Energy and Motovolt Mobility join forces to foster e2W adoption
Indofast Energy , a 50:50 joint venture between Indian Oil Corporation and SUN Mobility, has announced a strategic partnership with e-mobility startup Motovolt Mobility to accelerate electric two-wheeler adoption in India. The alliance integrates Indofast's nationwide QIS battery-swapping infrastructure with Motovolt's newly launched MVS7, India's first multi-utility electric scooter. The partnership aims to tackle key EV adoption barriers—range anxiety, high battery costs, and limited charging infrastructure —through a Battery-as-a-Service (BaaS) model. This approach decouples battery ownership from the vehicle, significantly reducing upfront costs and offering a flexible, pay-per-use solution for commuters and businesses. 'This isn't just a partnership; it's a paradigm shift in Indian e-mobility,' said Rajat Malhan, Senior Vice President, Indofast Energy. 'We are eliminating the biggest hurdles to EV adoption, ensuring uninterrupted journeys and greater economic opportunities for users.' The MVS7 is engineered for both personal mobility and last-mile delivery. With a 2.5kW BLDC motor, 120 Nm torque, and a top speed of 50 km/h, it offers a range of up to 85 km per charge. Motovolt CEO Tushar Choudhary emphasised, 'This collaboration is a major step toward green mobility . The MVS7 combines high utility with affordability, and our partnership with Indofast ensures access to an expanding swapping ecosystem.' The partnership also includes a lifetime battery warranty, enhancing trust and long-term value.
