Kinetic Engineering Ltd, a prominent Pune-based auto component manufacturer, is injecting an additional Rs 30 crore into its electric vehicle (EV) subsidiary, Kinetic Watts and Volts. This marks a strategic move to bolster the company’s research, development, and manufacturing capabilities within the rapidly growing EV sector. With this latest capital infusion, Kinetic Engineering aims to solidify its position in the electric mobility space by delivering cutting-edge components and solutions. The total investment in the subsidiary now stands at Rs 48.5 crore, reinforcing the company's commitment to innovation and sustainability in the Indian EV market.

Strategic Investment for EV Growth

Kinetic Engineering Ltd has announced a Rs 30 crore investment in its electric vehicle subsidiary, Kinetic Watts and Volts Ltd. This additional funding follows an initial investment of Rs 18.5 crore, bringing the total capital infusion into the subsidiary to Rs 48.5 crore. The company is positioning itself as a key player in the EV component manufacturing sector, with a focus on delivering advanced solutions to meet the increasing demand for electric mobility in India.

This investment underscores Kinetic Engineering’s strategic vision to lead the transition towards electric vehicles by developing critical components like motors, axles, frames, controllers, and batteries.

Focus on Research, Development, and Manufacturing

With this latest round of investment, Kinetic Watts and Volts will significantly expand its research, development, and manufacturing capabilities. The additional funds will be used to accelerate innovation in electric vehicle components, ensuring the company stays ahead of industry trends and technological advancements.

The move reflects Kinetic Engineering’s long-term commitment to sustainability and its ambition to provide efficient, reliable, and high-performance EV solutions to the Indian market. By increasing its R&D capacity, the company aims to address the growing consumer demand for robust and innovative electric vehicle components.

Building on Initial Investments

Kinetic Watts and Volts, which was established in 2022, initially received Rs 18.5 crore in funding to kickstart its operations in the electric vehicle sector. This latest Rs 30 crore injection builds on that foundation, demonstrating the parent company’s confidence in the subsidiary’s growth potential.

As the global shift towards electric mobility continues, Kinetic Engineering’s sustained investments in its EV subsidiary signal a clear commitment to capturing market share in this evolving sector.

Commitment to a Sustainable Future

Commenting on the investment, Ajinkya Firodia, Managing Director of Kinetic Engineering, highlighted the company’s dedication to innovation and sustainability. "With the latest infusion of capital into Kinetic Watts and Volts Ltd, we are not only reinforcing our commitment to innovation but also taking tangible steps towards a more sustainable future," Firodia stated.

This increased investment positions Kinetic Engineering as a forward-thinking player in the electric mobility space, with a focus on creating environmentally responsible solutions that cater to the Indian market’s growing appetite for electric vehicles.

Expanding Electric Mobility Solutions

The primary objective of this investment is to develop advanced electric mobility solutions for Kinetic Engineering’s customers in India. By enhancing its production capabilities, the company aims to deliver cutting-edge electric vehicle components that are efficient, durable, and aligned with the evolving demands of the EV market.

As electric vehicles become an integral part of India’s transportation future, Kinetic Engineering’s strategic focus on EV component manufacturing sets it on a path toward becoming a key supplier within the burgeoning industry.