Kinetic Engineering has announced an investment of Rs 30 crores into its newly established electric subsidiary, Kinetic Watts and Volts, increasing its total investment from Rs.18.5 crores to Rs. 48.5 crores and emphasising on advanced EV technology and battery solutions.
This new investment will enhance Kinetic Watts and Volts’ research, development, and manufacturing capabilities. As the EV market is rapidly expanding in India and worldwide, the company aims to use its expertise and infrastructure to support the country’s green mobility transformation. The funding will focus on creating high-performance, efficient, and sustainable electric vehicle systems, particularly advanced battery solutions to improve vehicle range, reliability, and energy efficiency.
Commenting on this development, Ajinkya Firodia, Managing Director of Kinetic Engineering, stated, “With the latest infusion of capital into Kinetic Watts and Volts, we are not only reinforcing our commitment to innovation but also taking tangible steps towards a more sustainable future. This investment will empower us to create efficient, reliable, and advanced electric mobility solutions for our customers in the Indian market.”
This recent investment supports the company’s strategy to drive innovation through sustainable technologies and by focusing on EV technology and battery solutions, Kinetic Watts and Volts aims to deliver next-generation electric mobility solutions and help India achieve its goals for reducing emissions and promoting renewable energy.
Kinetic Engineering, led by Managing Director Ajinkya Firodia, recently celebrated its 52nd anniversary, serving major clients like Renault and Tata Motors and others from its 70-acre Ahmednagar facility.
