Latest news with #KineticGreenE-Luna
Time of India
5 days ago
- Automotive
- Time of India
Kinetic Green to launch 3 new Born-Electric scooters in next 18 months
Homegrown electric vehicles (EVs) manufacturer Kinetic Green on Friday said it will launch three new Born-Electric-branded electric scooters in the next 18 months to boost its electric two-wheeler (E2W) business. This builds upon the 'strong market response' received by the flagship Kinetic Green E-Luna scooter launched last year, the Maharashtra-based company said. The first Born-Electric scooter will be 'stylish, tech-forward, and family-oriented' with features such as a vibrant TFT display, multiple battery variants, fast-charging, and smart connectivity powered by JioThings. It is expected to launch before the festive season this year. To enhance design and aesthetics, Kinetic Green has partnered with Italy-based Torino Design . The companies aim to seamlessly integrate advanced Internet of Things (IoT) connectivity, comfort, and safety features for scooter riders. 'Our upcoming Born-Electric scooters will redefine category benchmarks in styling and utility,' said Sulajja Firodia Motwani, founder & CEO of Kinetic Green. 'Backed by our legacy, EV R&D and strategic partnerships, we're ready to lead India's electric mobility transformation.' Poised to Tap ₹40,000 Crore Market Opportunity Kinetic Green said it has sold over 80,000 E2Ws and established a nationwide network of 400 exclusive dealerships. It began its EV journey in 2016 and debuted in the E2W sector in 2022. With India's e-scooter penetration expected to grow from 15 per cent to 70 per cent by 2030, reaching an estimated ₹40,000 crore market, the timing is ideal, the company said, citing third-party estimates, adding that the new launches will help it capitalise on this expected growth.
Hindustan Times
14-05-2025
- Automotive
- Hindustan Times
Kinetic Engineering to invest ₹71.83 Crore in KWV for EV transition and brand licensing. Check details
₹71.83 Crore in KWV for EV transition and brand licensing. Check details data-item-target-url=/auto/news/ data-item-story-segment=N/A> To fund this shift, Kinetic Engineering and its founders have pledged a combined investment of ₹71.83 crore in KWV. Notify me Kinetic Engineering Limited (KEL), a familiar name in India's automotive sector, has made a strategic move towards the transition to electric mobility by formally licensing its legendary brand name to its EV-focused subsidiary, Kinetic Watts and Volts Ltd. (KWV). The development allows KWV to use the Kinetic brand name in the field of electric vehicles, marking the group's formal foray into the EV space. KWV, which was incorporated in September 2022, was founded with a distinct mandate to seek business opportunities in the nascent electric vehicle arena. With product development already initiated, the firm is gearing up to unveil its roadmap for EV launches, strategic partnerships, and market entry plans over the next few months. Also Read : New Kinetic e-Luna electric moped design patented, launch likely during festive season Major investment to strengthen EV Vision To fund this shift, Kinetic Engineering and its founders have pledged a combined investment of ₹ 71.83 crore in KWV. ₹ 42.83 crore has been infused already, with another ₹ 29 crore to be disbursed soon. This infusion of funds will grant an 80 per cent stake in the subsidiary company to KEL, making it the propelling force for the group's electric vehicle aspirations. As per the deal, KWV shall have a non-exclusive right to utilize the brand name and trademarks of Kinetic for three years. The licensing agreement gives the new company the right to use the trust and identity Kinetic has developed over decades, while providing the opportunity to introduce a new generation of electric vehicles in India, to be reviewed and renewed periodically with the changes and expectations in the market and the changes in the long-term plans of higher management. Also Read : Kinetic Green E-Luna electric moped launched in India, priced from ₹ 69,990 Broader group synergies in the EV ecosystem Kinetic Engineering is not a stranger to the EV world—it already provides critical components like gearboxes, axles, and chassis to electric vehicle makers. Moreover, the Kinetic Group has ventured into battery production under a different entity titled "Range X." This joint plan aligns with the group's desire to become a major player in various transportation segments of the electric mobility value chain. Ajinkya Firodia, Vice Chairman and Managing Director of Kinetic Engineering Ltd., stressed the importance of this move. 'This is more than a business decision—it's the continuation of a legacy. Kinetic Watts and Volts represents our belief in a cleaner, smarter future for mobility. By combining the brand's heritage with modern EV technology, we hope to create products that connect with consumers and lead the way forward," he said. Get insights into Upcoming Cars In India, Electric Vehicles, Upcoming Bikes in India and cutting-edge technology transforming the automotive landscape. First Published Date: 14 May 2025, 11:32 AM IST
