Jupiter Electric Mobility Targets $12M with ‘Tez’ e-LCV

04 Mar 2025 CW Team

The company also inaugurated its new manufacturing facility at Pithampur, Indore, which has an annual production capacity of 8,000 to 10,000 vehicles. JEM aims to sell around 400 e-LCVs in its debut year.

National Expansion & EV Ecosystem Development JEM plans to launch its e-LCVs across key Indian markets, including Bengaluru, Delhi, Hyderabad, Ahmedabad, Mumbai, Kolkata, and Chennai, capitalizing on high EV adoption potential. The company is also actively collaborating to develop an integrated EV ecosystem, covering charging infrastructure, financing solutions, and after-sales support.

"We had the necessary infrastructure in place. So the idea was that we wanted to build a vehicle which would contemplate our existing infrastructure and bring synergies to the business. The idea was always to launch an electric vehicle because the motto of our group is sustainability and all our products are also focused around sustainability," said Vivek Lohia, Managing Director, Jupiter Group.

JEM has invested $18 million in its existing business, leveraging its infrastructure to enhance operational efficiency.

Future Growth Plans The Tez e-LCV is priced at $12,500 ex-showroom. The company aims for at least 2X year-on-year growth, expanding its product lineup with new variants to cater to evolving market demands.

"The inauguration of our Pithampur facility marks a defining moment for JEM and India's sustainable mobility future. With advanced manufacturing and technology, we aim to set new EV industry benchmarks while driving economic growth, infrastructure development, and job creation," Lohia said.

With its expansion plans and commitment to sustainable mobility, JEM is positioning itself as a key player in India's growing EV sector.

Jupiter Electric Mobility (JEM), the EV arm of Jupiter Group, has set an ambitious target of achieving $12 million in revenue within its first year of operations in the electric light commercial vehicle (e-LCV) segment. The company marked this milestone by rolling out its flagship 1.05-ton e-commercial vehicle, Tez. The company also inaugurated its new manufacturing facility at Pithampur, Indore, which has an annual production capacity of 8,000 to 10,000 vehicles. JEM aims to sell around 400 e-LCVs in its debut year. National Expansion & EV Ecosystem Development JEM plans to launch its e-LCVs across key Indian markets, including Bengaluru, Delhi, Hyderabad, Ahmedabad, Mumbai, Kolkata, and Chennai, capitalizing on high EV adoption potential. The company is also actively collaborating to develop an integrated EV ecosystem, covering charging infrastructure, financing solutions, and after-sales support. We had the necessary infrastructure in place. So the idea was that we wanted to build a vehicle which would contemplate our existing infrastructure and bring synergies to the business. The idea was always to launch an electric vehicle because the motto of our group is sustainability and all our products are also focused around sustainability, said Vivek Lohia, Managing Director, Jupiter Group. JEM has invested $18 million in its existing business, leveraging its infrastructure to enhance operational efficiency. Future Growth Plans The Tez e-LCV is priced at $12,500 ex-showroom. The company aims for at least 2X year-on-year growth, expanding its product lineup with new variants to cater to evolving market demands. The inauguration of our Pithampur facility marks a defining moment for JEM and India's sustainable mobility future. With advanced manufacturing and technology, we aim to set new EV industry benchmarks while driving economic growth, infrastructure development, and job creation, Lohia said. With its expansion plans and commitment to sustainable mobility, JEM is positioning itself as a key player in India's growing EV sector.

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