Eicher Motors Announces Strategic Investment In Stark Future SL
- By MT News
- December 30, 2022
Eicher Motors Ltd., parent company of Royal Enfield, announced a strategic collaboration in the space of electric motorcycles with Spain-based Stark Future SL, on Thursday. Stark Future is a European electric motorcycle manufacturer with specific focus in the area of performance electric motorcycles. As part of this collaboration, the Board of Directors of Eicher Motors Ltd has approved an investment of € 50 million on Thursday, for a close to 10.35 percent equity stake in Stark Future. With this investment, Eicher Motors Ltd claims that it will have a seat on Stark Future’s Board and will explore further opportunities to collaborate in the space of electric mobility. It will also pave the way for a long-term partnership in collaborative research and development in electric motorcycles, technology sharing, technical licensing and manufacturing.
This investment has strategic significance for both Royal Enfield and Stark Future. According to Eicher Motors Ltd, this is because both companies are keenly invested in creating innovative and sustainable solutions in global mobility. Stark Future recently launched its first high performance electric motocross bike, the Stark VARG, which received an exceptional response from global media, professional riders and dealers.
Speaking about Stark Future and this partnership, Siddhartha Lal, Managing Director, Eicher Motors Ltd, said, “We love the vision, passion and focus of the amazing team at Stark Future. Leisure motorcycles do not easily lend themselves to EV technology at this stage, due to challenges like the battery range, packaging, weight and cost. This has resulted in stunted growth of this segment till now. Stark Future has been able to understand and harness the potential of EV technology by dramatically outperforming ICE offerings, without compromising on range, weight, packaging and cost. They have created an absolutely astounding motocross motorcycle – the Stark VARG – as their entry into the EV world. We believe that Stark Future has the highest potential for real breakout growth in the EV leisure space with this model, and the potential to use this strong base to extend into other contiguous segments and beyond.”
At the helm of affairs at Royal Enfield, B Govindarajan, CEO of the company, feels this is a perfectly symbiotic partnership, claims Eicher Motors Ltd. Govindarajan said, “We are very excited to closely collaborate with Stark Future, who are as focused as we are on challenging norms, pushing the boundaries and building uniquely differentiated offerings for riders. In addition to the sheer potential of Stark Future, we see immense synergies in this partnership. While they are scaling up and planning their market entry soon, we will support Stark in the industrialisation process. While they are thought leaders in EV technology, particularly in lightweight components and innovative solutions, we, at Royal Enfield, will draw on these capabilities for developing our EV platforms and will also plan to share some EV platforms in the future.”
Also speaking about this partnership, Anton Wass, Founder and CEO, Stark Future, said, “We aimed to challenge and inspire the motorcycle industry with the creation of the Stark VARG and by bringing our electric technology from the drawing board to reality. To now partner with one of the very first motorcycle brands in history and be part of their journey towards sustainability is a huge inspiration for us at Stark. We have now worked closely with Sid, Govind and team for a few months, and have been deeply impressed by what they have created in the past 25 years, as well as the mindset and focus to continue to build and develop Royal Enfield into the future of sustainable motorcycling. With the Stark VARG, we believe we have a launch model that will reset benchmarks, so to know that the bike’s technical basis will spread much further and filter into more machinery and products is another source of pride for us. It has been a short, intense and incredible journey for us so far but our link with Royal Enfield and what lies in store in the coming years are brilliant signs for the future.”
Charge_iN by Mahindra Expands Public EV Charging Network To 50 Locations Across India
- By MT Bureau
- September 24, 2026
Electric vehicle charging network Charge_iN by Mahindra has expanded its public charging infrastructure to 50 locations across India, reaching 200 operational charging points. The company commissioned its latest installation at the HP Auto Care Centre in Sajgaon along the Mumbai-Pune Expressway.
The Sajgaon installation represents the first operational station resulting from a collaboration established in March 2026 between Mahindra and Hindustan Petroleum Corporation (HPCL) to deploy charging infrastructure across HPCL retail outlets in India. Additional sites under the agreement are currently under construction across highway routes. Mahindra plans to expand the Charge_iN network to 250 stations comprising approximately 1,000 charging points by December 2027.
The network utilises 180 kW dual-gun chargers designed to supply power to electric vehicles, including Mahindra models such as the XEV 9e, BE 6 Sporteq and XEV 9S. The stations are situated along highway corridors alongside commercial amenities and dining facilities.
The Charge_iN system operates as an open network accessible to electric vehicle owners of all vehicle brands through the Charge_iN by Mahindra application, the Me4U application, and third-party aggregator platforms, with integration into the HP eCharge application scheduled for release. Mahindra electric vehicle users can access approximately 35,000 public charging points, including HP eCharge sites, across charge point operators via the Me4U platform.
Maruti Suzuki Commissions 300 kW Green Hydrogen Plant At Manesar Facility
- By MT Bureau
- September 24, 2026
Maruti Suzuki India, the country’s largest passenger vehicle manufacturer, has commissioned a 300 kW green hydrogen electrolyser plant as a pilot project at its Manesar facility in Haryana. The green hydrogen produced at the unit is blended with natural gas to serve as process fuel in the company's manufacturing operations.
The plant captures solar energy generated at the Manesar site during non-operational periods and holidays when power would otherwise go unutilised. This solar power drives the electrolysis process and the resulting hydrogen is stored for subsequent use on the factory floor.
Based on the outcomes of this pilot, the company plans to scale up green hydrogen technology across its manufacturing plants in Haryana and Gujarat. The initiative draws from parent company Suzuki Motor Corporation’s core philosophy of Sho-Sho-Kei-Tan-Bi, which translates to smaller, fewer, lighter, shorter and more beautiful, to improve resource efficiency and energy usage.
Hisashi Takeuchi, MD & CEO, Maruti Suzuki India, said, “Just like we have adopted a multi-pathway approach for products, we have also embarked on a journey of multiple renewable energy solutions for manufacturing operations. The commissioning of our 300 kW Green Hydrogen plant is aligned with the Government of India’s Green Hydrogen Mission. This, along with expansion of solar, biogas and installation of battery energy storage system reflects our commitment to transition to cleaner and sustainable energy solutions.”
“India is emerging as a manufacturing powerhouse, and its competitive position may not depend solely on cost and quality, but also on CO2 intensity. With such initiatives, we are building capability today so that we can support a low-carbon and more energy-efficient manufacturing ecosystem tomorrow. Through multiple clean technologies, we aspire to reduce our carbon footprint in manufacturing operations from the present 615,000 tonnes to 266,000 tonnes in FY 2030-31,” he added.
The commissioning forms part of a broader shift toward renewable energy sources across the carmaker's operational footprint. Current measures include in-house solar plants, renewable energy procurement from government channels, and power purchase agreements for solar and wind energy with third-party suppliers.
Alongside hydrogen, Maruti Suzuki is constructing a 10 tonnes per day biogas plant at its Kharkhoda site, scheduled for commissioning within the 2026-27 financial year, and recently installed a 1 MWh battery energy storage system at the same location. The company’s board has approved four compressed biogas projects with an allocated budget of INR 5,610 million. In a separate venture, Suzuki Motor Corporation is partnering with organisations including the National Dairy Development Board and regional dairy unions to establish 10 biogas plants across India, three of which are operating in Gujarat.
ThunderPlus Expands Highway EV Charging Network With 120 kW Fast-Charging Station In Kurnool
- By MT Bureau
- September 24, 2026
Electric vehicle infrastructure company ThunderPlus has expanded its highway charging network following the installation of a 120 kW DC fast-charging station at Amazon Kitchens on Kurnool Road, Andhra Pradesh.
The facility is located at the junction of several road networks connecting Andhra Pradesh, Telangana and Karnataka. Positioned along National Highway 44, the station serves the Hyderabad–Bengaluru transit corridor while providing access to National Highway 40, which links Nandyal, Kadapa, Rayachoti, Chittoor and Ranipet. The location also connects with National Highway 340C, extending reach toward Nandikotkur, Atmakur, and Dornala.
The 120 kW charger supports compatible four-wheeler electric vehicles and additional battery-electric transport models during intercity transit, allowing drivers to recharge vehicles during meal stops and travel breaks.
At present, ThunderPlus operates a network comprising more than 250 charging hubs and over 1,000 charge points across urban and highway sites.
Raj Kumar Medimi, Director, ThunderPlus, said, "As EV adoption moves beyond city limits, charging infrastructure must evolve around how people actually travel. Our objective is not simply to add more charging points, but to identify strategic locations where fast charging can fit naturally into a journey. By combining 120 kW fast charging with access to food and traveller amenities, the Kurnool station is designed to make intercity EV travel more convenient and practical."
Ultraviolette Raises $85 Million To Fuel Global EV Expansion
- By MT Bureau
- September 23, 2026
Ultraviolette has secured USD 85 million in a new funding round led by Yali Capital and TDK Ventures, with participation from Walden International Chairman Lip-Bu Tan (who also joins the company as an Advisor), along with existing and long-term investors.
The capital will be used to scale production of the F77 and X-47 models as well as the upcoming Tesseract and Shockwave while supporting development of next-generation global EV platforms. These platforms will leverage Ultraviolette's vertically integrated expertise in battery technology, power electronics, vehicle architecture and intelligent software.
The company aims to enter United States in 2027 and expand across Latin America and South-East Asia. Ultraviolette's technical capabilities span battery architectures from 48V to 400V, positioning it among the few global EV manufacturers with such in-house breadth, enabling platforms tailored to varied performance, range, thermal and packaging needs.
Lip-Bu Tan, Chairman, Walden International said, “What I really like about Ultraviolette is the combination of deep engineering expertise, strong IP and the willingness to take on genuinely difficult problems. They have built the technology from first principles and are focused on creating something that is truly differentiated for the long term.”
Ganapathy Subramaniam, Founding Managing Partner, Yali Capital, said, “India’s shift towards cleaner mobility will increasingly be driven by electric two-wheelers, given the scale of the segment. What attracted us to Ultraviolette is the depth of engineering the team has built in-house; from the battery, powertrain to software and radar and their focus on applying this technology to real rider needs, especially safety. Ultraviolette has taken the F77 from concept to the roads in India and Europe, and brought radar-based safety features into a production two-wheeler with the X-47. With the Tesseract, launching early next year, they will bring this engineering and safety focus to scooters and a much wider set of riders. This combination of deep technology, product focus and ambition gives us strong conviction in Ultraviolette, and we are proud to back them.”
Ravi Jain, Investment Director, TDK Ventures, said, "The adoption of electric two-wheelers can be accelerated by superior products powered by differentiated technology. We continue to believe that Ultraviolette is best positioned to catalyse this transition and build winning products for global markets."
Ultraviolette Founders Narayan Subramaniam & Niraj Rajmohan shared, “This funding round represents an important step in Ultraviolette’s evolution into a global electric mobility company. The conviction demonstrated by Yali Capital, TDK Ventures, Lip-Bu Tan and our long-term investors reinforces our vision of building a design and tech focused global brand out of India. This investment will enable us to scale manufacturing, accelerate the development of our future product platforms and deepen our presence across international markets. Our single-minded focus is about being a global leader in future mobility; electric vehicles that bring together uncompromising performance, future centric design and advanced technology.”

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