Kinetic Green Secures $25 Million Investment from GPC
ECONOMY & POLICY

Kinetic Green Secures $25 Million Investment from GPC

Electric vehicle (EV) manufacturer Kinetic Green secured an investment of Rs 2.09 billion from private equity firm Greater Pacific Capital (GPC), as part of a Series A fundraising round aimed at raising up to $40 million.

The company intends to use the funds to scale up production at its manufacturing facility in Supa, Maharashtra, and to market and distribute its existing products, including the newly launched ELuna. Additionally, the investment will support research and development of new products.

Sulajja Firodia Motwani, Founder and CEO of Kinetic Green, stated that the partnership with Greater Pacific Capital represents a significant milestone for the company. She highlighted that Kinetic Green?s mission has been to lead the transition to sustainable mobility and make electric vehicles more accessible. She noted that this investment would help enhance the company?s capabilities, advance zero-emission transportation, and significantly contribute to India?s energy transition goals.

Kinetic Green offers a broad range of EVs, including electric three-wheelers, cargo vehicles, and passenger vehicles. The company has recently launched electric two-wheelers under the Kinetic Green brand and has sold over 100,000 EVs to date.

Ketan Patel, founder and CEO of GPC, pointed out the importance of India?s energy transition for the global Net Zero objectives. He mentioned that with India poised to become the third-largest economy in the next 4-5 years and its middle class rapidly expanding, the electrification of transportation would be a crucial part of this transition. Patel emphasized that Kinetic Green and products like the ELuna are well-positioned to offer innovative and desirable electric vehicles to India?s large, young, and growing population.

Previously, Kinetic Green had partnered with energy solutions provider Exicom to acquire advanced lithium-ion batteries for its e-rickshaws.

Your next big infra connection is waiting at RAHSTA 2025 – Asia’s Biggest Roads & Highways Expo, Jio World Convention Centre, Mumbai. Don’t miss out!

Electric vehicle (EV) manufacturer Kinetic Green secured an investment of Rs 2.09 billion from private equity firm Greater Pacific Capital (GPC), as part of a Series A fundraising round aimed at raising up to $40 million. The company intends to use the funds to scale up production at its manufacturing facility in Supa, Maharashtra, and to market and distribute its existing products, including the newly launched ELuna. Additionally, the investment will support research and development of new products. Sulajja Firodia Motwani, Founder and CEO of Kinetic Green, stated that the partnership with Greater Pacific Capital represents a significant milestone for the company. She highlighted that Kinetic Green?s mission has been to lead the transition to sustainable mobility and make electric vehicles more accessible. She noted that this investment would help enhance the company?s capabilities, advance zero-emission transportation, and significantly contribute to India?s energy transition goals. Kinetic Green offers a broad range of EVs, including electric three-wheelers, cargo vehicles, and passenger vehicles. The company has recently launched electric two-wheelers under the Kinetic Green brand and has sold over 100,000 EVs to date. Ketan Patel, founder and CEO of GPC, pointed out the importance of India?s energy transition for the global Net Zero objectives. He mentioned that with India poised to become the third-largest economy in the next 4-5 years and its middle class rapidly expanding, the electrification of transportation would be a crucial part of this transition. Patel emphasized that Kinetic Green and products like the ELuna are well-positioned to offer innovative and desirable electric vehicles to India?s large, young, and growing population. Previously, Kinetic Green had partnered with energy solutions provider Exicom to acquire advanced lithium-ion batteries for its e-rickshaws.

Next Story
Infrastructure Transport

Indian Railways Marks New Milestone with 4.5 km Long ‘Rudrastra’ Trial

Indian Railways has successfully conducted the trial run of Asia’s longest freight train, named ‘Rudrastra’, achieving a new milestone in cargo transportation, as per news reports. The 4.5 km-long train began its trial from Ganjkhwaja railway station in Chandauli, Uttar Pradesh, and travelled to Garhwa in Jharkhand. Covering a distance of 209 km in 5 hours and 10 minutes, it maintained an average speed of 40.5 km per hour. The train was formed by combining three long-haul racks, with ..

Next Story
Infrastructure Energy

UltraTech Launches India’s First On-Site Hybrid RTC Renewable Energy Project

UltraTech Cement has operationalised a 7.5 MW round-the-clock (RTC) hybrid renewable energy project at its Sewagram Cement Works in Gujarat. The first-of-its-kind solution combines bifacial solar modules with trackers, wind energy and battery storage, co-located on-site, to ensure uninterrupted power for cement manufacturing without grid reliance. The project was executed in collaboration with clean energy solutions provider Gentari. Installed as a behind-the-meter system, it is the country..

Next Story
Infrastructure Transport

Patna Metro Trials Successful, Red Line Priority Corridor to Launch This Month

Patna is set to roll out its first metro rail service later this month, with successful trial runs conducted on the Red Line priority corridor, the Patna Metro Rail Corporation announced.On 7 September, a metro train completed a test run between the Patna depot and Bhootnath station. Officials said the trials involved rigorous checks of rolling stock fitness, overhead electrification (OHE), and track alignment and stability to ensure operational safety and performance.The corridor from the New Pataliputra Bus Terminal to Bhoothnath has been designated as the priority stretch and will be the fi..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?