Bengaluru-based electric vehicle maker Ather Energy has announced its strongest-ever performance in FY2026, characterised by record sales volumes and significant improvements in financial margins.

In FY2026, the company sold 262,942 electric two-wheelers, marking a 69 percent YoY growth. This translated to a revenue of INR 38.23 billion, up 66 percent YoY, EBITDA losses reduced to INR 2.57 billion from INR 5.31 billion a year ago, net loss dropped to INR 5.17 billion, as compared to INR 8.12 billion in FY2025.

In Q4, the company witnessed 76 percent YoY growth with sales of 83,418 electric two-wheelers, which translated to a 18.6 percent market share.

The company said its non-vehicle revenue – income from software, charging and services – rose to 13 percent of total income. In Q4, 93 percent of customers opted for the AtherStack Pro software package.

In FY2206, Ather Energy doubled its retail network to 700 Experience Centres (ECs), up from 351 at the end of FY2025. The service network strength reached around 548 centres, nearly twice the footprint of the previous year.

Furthermore, Ather Energy customers now have access to over 6,000 charging points powered by LECCS, forming the largest fast-charging network for two-wheelers in India.

Tarun Mehta, Co-Founder & CEO, Ather Energy, said, “FY2026 has been a fantastic year for us across volumes, market share, and financial performance. We focused on building demand through strong product-led growth and scaling it through distribution. Rizta helped us unlock a much larger addressable market, and with that, we expanded our retail network. That demand translated into strong volume growth and better unit economics. With our new scooter platform, EL, we have the opportunity to replicate the same growth levers at potentially a larger scale, going after the biggest total addressable market in the Indian E2W segment. Coupled with that, our investments in Factory 3.0 at AURIC will give us the scale and efficiency to serve that demand and set us up for the next phase of growth.”

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Raptee.HV has officially launched its operations in Bengaluru, marking the first major expansion for the Chennai-based electric motorcycle manufacturer beyond its home territory. The move positions the company’s advanced vehicular technology and rider-first service framework within one of India’s most dynamic automotive markets, signalling the beginning of a phased national rollout.

The company’s technological foundation rests on HV-TEC, a proprietary platform developed over half a decade to embed electric car engineering principles into motorcycle design. With over 200 patents safeguarding its innovations, the system integrates battery architecture, power management, software ecosystems and onboard intelligence. Every element has been engineered to tackle persistent rider issues such as charging infrastructure dependency, power delivery, durability and post-purchase assurance.

As part of the Bengaluru entry, a dedicated experience hub has been established where enthusiasts can engage with the T30 model through hands-on demonstrations and trial rides while also accessing comprehensive after-sales infrastructure. The T30 distinguishes itself through CCS2 charger compatibility, which unlocks a network of more than 30,000 public charging stations across the country, supplemented by efficient home-charging options that simplify both urban commutes and highway journeys.

Retailing at INR 239,000 before registration, the T30 offers a practical 150-kilometre range on a single charge and sprints from standstill to 60 kilometres per hour in less than 3.5 seconds. Ownership is reinforced by an eight-year or 80,000-kilometre battery warranty, a three-year vehicle guarantee and perpetual customer assistance including roadside support. Having already commenced deliveries in Chennai earlier this year, Raptee.HV now views Bengaluru as a critical bridgehead for its wider Indian expansion, with additional metropolitan centres slated for future entry.

Dinesh Arjun, CEO & Co-Founder, Raptee.HV, said, "Bengaluru is a city that appreciates meaningful innovation, making it the perfect place for our first expansion. At Raptee.HV, we've always believed that technology is only as good as the experience it creates for customers. That's why every decision we've made from our Electric Car DNA platform to our dedicated customer support and Roadside Assistance has been guided by one objective: giving riders complete confidence at every stage of their ownership journey.”

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JSW MG Motor India has introduced MG ADAPT (Advance Drive Architecture Platform Technology), an indigenous multi-energy vehicle platform designed to unify multiple propulsion systems within a single intelligent architecture. Marketed as the country’s first such modular framework, MG ADAPT supports Electric Vehicles (EVs), Hybrid Electric Vehicles (HEVs), Plug-in Hybrid Electric Vehicles (PHEVs) and Range Extender Electric Vehicles (REEVs). This strategic move underscores the automaker’s dedication to advancing new energy mobility solutions across the subcontinent.

Engineered as a future-ready foundation, MG ADAPT prioritises design flexibility to accelerate product development cycles while enhancing driving range, fast-charging capabilities and overall efficiency. The platform’s modular nature allows for the seamless integration of various electrified powertrains, aiming to deliver improved safety, superior performance and refined drivability. By consolidating these technologies, JSW MG Motor India seeks to establish a new industry benchmark in vehicle versatility.

Central to the platform is an integrated technology ecosystem tailored specifically for hybrid applications, featuring a dedicated hybrid engine and a purpose-built battery system that ensures instant electric response and heightened safety. A compact 10-in-1 intelligent electric drive unit reduces system complexity, while an electromagnetic dedicated hybrid transmission facilitates smooth power delivery and rapid response. These components collectively contribute to operational excellence and driving comfort.

An intelligent energy management system orchestrates these elements by continuously assessing driving conditions to select the most efficient operating strategy. Drivers benefit from four distinct modes, including pure electric for urban environments, series hybrid where the engine generates electricity, parallel hybrid for combined motor and engine power and engine direct drive optimised for highway cruising. This adaptive approach maximises efficiency across varied terrains and usage patterns.

The architecture also incorporates range extender technology, wherein the electric motor permanently drives the wheels while a petrol engine acts exclusively as a generator to replenish the battery when needed. This configuration preserves an electric-first driving sensation while substantially increasing overall range, thereby alleviating range anxiety for long-distance travel. MG ADAPT ultimately reinforces the company’s vision for sustainable, flexible mobility in India’s rapidly transforming automotive landscape.

Anurag Mehrotra, Managing Director, JSW MG Motor India, said, "At JSW MG Motor India, we believe the future of mobility lies in giving customers the freedom to choose the energy solution that best suits their lifestyle, without compromising on performance, efficiency or driving experience. MG ADAPT marks a defining milestone in our New Energy Vehicle journey and reflects our commitment to bringing globally advanced technologies that are relevant to the evolving needs of Indian customers.

“Designed as a highly flexible technology platform, MG ADAPT brings together multiple energy solutions on a single intelligent architecture, enabling us to deliver vehicles that are more efficient, more adaptable and engineered for the future. As we continue to expand our New Energy Vehicle portfolio, this platform will serve as the technological backbone of our future products and reinforce our commitment to accelerating sustainable mobility in India."

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Kia India has officially introduced the Syros EV, marking its second mass-market electric vehicle offering in the country. The automaker has simultaneously initiated pre-bookings for the new model, requiring a nominal reservation amount of INR 25,000. These bookings are being accepted through the company’s official website and across its network of dealerships nationwide, signalling the brand's aggressive push into the growing electric mobility segment.

The core of the Syros EV’s proposition lies in its comprehensive ownership package, designed to tackle the primary apprehensions that typically deter buyers from transitioning to electric vehicles. The vehicle boasts a best-in-segment ARAI-certified range of 526 kilometres for the larger battery variant. To further bolster consumer confidence, Kia is offering a lifetime high-voltage battery warranty, an assured buyback programme to protect residual value, and a flexible Battery-as-a-Service financing option. These initiatives collectively address longstanding concerns regarding battery longevity, resale value and the initial purchase cost.

Underpinning its performance credentials, the Syros EV is built on Kia’s reinforced K1 platform and is available with two advanced Nickel Manganese Cobalt battery packs. The larger 51.4 kWh unit delivers a peak power output of 171 PS, enabling the vehicle to accelerate from 0 to 100 kilometres per hour in a brisk 8.1 seconds. The alternative 42 kWh battery provides a range of 443 kilometres. Both units feature an IP67 certification and a liquid-cooled thermal management system, ensuring performance and safety across diverse Indian climatic conditions.

The Syros EV is distinguished by a suite of exclusive technologies aimed at enhancing the driving experience. These include paddle shifters for regenerative braking with an auto mode and i-Pedal functionality, alongside a vehicle-to-load internal system. The charging ecosystem is further strengthened by the K-Charge platform, which integrates over 20,300 charging points from 23 operators into a single interface on the MyKia app. This network is supported by more than 129 Kia dealerships equipped with high-capacity DC fast chargers and over 275 EV-ready workshops, ensuring comprehensive service support.

The exterior design adheres to Kia’s global electric vehicle philosophy, featuring a distinctive Digital Tiger Face and Star Map LED lighting elements. The interior is dominated by a first-in-segment thirty-inch Trinity Panoramic Display Panel, which merges the instrument cluster, infotainment and climate control interfaces. The cabin emphasises comfort with features like ventilated seats, a dual-pane panoramic sunroof and a 60:40 split rear seat with slide and recline functions, alongside practical additions such as a 16-litre frunk and multiple USB charging ports.

Safety is a paramount consideration, with the Syros EV equipped with Level 2 Advanced Driver Assistance Systems, encompassing 16 autonomous functions including collision avoidance and smart cruise control. These are complemented by 25 standard safety features, including six airbags, electronic stability control and a 360-degree camera for enhanced manoeuvrability. The model will be offered in seven trims across two battery options, with a choice of nine exterior colours and multiple interior themes, including an exclusive Onyx Black and Hunter Green option for the X-Line variant.

Gwanggu Lee, Managing Director and CEO, Kia India, said, “Our philosophy of 'Movement that Inspires' is about making future mobility meaningful, accessible and enriching for our customers. With the Syros EV, our second mass-market electric vehicle for India, we are democratising advanced electric mobility – not only through cutting-edge technology but by removing the anxieties that hold customers back. The Syros EV delivers a best-in-segment ARAI-certified range of 526 km – the first in its segment to cross the 500-km mark. Paired with a best-in-segment power output of 171 PS, it gives customers the confidence to go further without compromising on performance. Backed by a simplified and effortless ownership experience, including a Lifetime Battery Warranty, Assured Buyback and BaaS, we are addressing what matters most to Indian families, bringing them a decisive step closer to going electric.”

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Bengaluru-based electric mobility startup E3 Electric.Ai has raised INR 1 billion in a Series A funding round led by BluVenture Holdings. The company intends to use the capital to support product development and expand its presence across India ahead of the launch of its E3 TRION scooter.

The start-up focuses on integrating artificial intelligence (AI) into electric scooters to manage safety, reliability and charging. Its platform utilises modular architecture to produce variants from a single chassis and incorporates AI for maintenance and routing.

E3 Electric.Ai maintains an R&D team and holds a portfolio of over 18 patents in modular architecture, battery systems and safety. The company positions its scooters as an alternative to the 110cc internal combustion engine segment.

P Sanjeev, Founder & CEO, E3 Electric.Ai, said, "At E3, we believe electric vehicles should predict, learn and continuously improve, making mobility safer, more reliable and affordable over time. E3’s DNA is defined by 3 words, Modular + AI + Human. Our Modular platform enables us to build multiple scooter variants from the same chassis. E3’s patented AI stack enables preventive maintenance check and smart routing to address range anxiety. E3 TRION is crafted with care and introduces best in class anthropometry-based ergonomics for a very comfortable ride. This investment enables us to accelerate our vision of making intelligent mobility accessible to millions of Indian families."

Shaun Dawson, LP with BluVenture Holdings, said, "As the world’s largest two-wheeler market, India is at an inflection point in its EV transition journey. E3 has built an impressive technology platform combining modular engineering with software-led intelligence that is tailor-made for electric scooters. Sanjeev’s deep expertise enabled E3 to build a profitable, sustainably scalable operating model instead of the industry's typical heavy-burn approach. E3 is smartly leveraging AI to track performance and health parameters, delivering predictive maintenance & value. We see the opportunity to build a category-defining company."

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