Pune-headquartered electric vehicle manufacturer EKA Mobility has received the Letter of Award (LOA) for deploying 750 e-buses across 11 cities in Andhra Pradesh. The company has joined forces with GreenCell Mobility, a leading electric bus mass mobility solution provider, to execute this order.

As per the understanding, the partners will deploy 129 units of 9-metre and 621 units of 12-metre electric buses across eleven cities – Amravati, Anantapur, Kadapa, Kakinada, Kurnool, Rajahmundry, Nellore, Guntur, Vijayawada, Vishakhapatnam and Tirupati.

This award comes after CESL’s issuance of the Letter of Confirmation of Quantity (LOCQ) and Rajasthan’s LOA for 675 electric buses announced last week, marking a major milestone in India’s e-mobility journey.

Dr Sudhir Mehta, Founder & Chairman, EKA Mobility & Pinnacle Industries, said, “We are proud to partner with the government of Andhra Pradesh and collaborate with GreenCell Mobility to deliver green, smart, and efficient transportation solutions for the people of the state. This partnership marks a significant step toward building smarter, more sustainable cities across India.”

Devndra Chawla, MD & CEO, GreenCell Mobility, added, "We are honoured to join hands with the government of Andhra Pradesh to support the state’s transition to sustainable public transport. This project is a major milestone in our mission to transform mass mobility through zero-emission electric buses. Together, we are enabling cleaner cities, generating green jobs, and building a more sustainable future for millions."

Also read: GreenCell mobility to deploy over 1,200 e-buses from CESL under Pm E-Bus Sewa Scheme

Kinetic Engineering, a leading automotive supplier, has granted brand license to its subsidiary, Kinetic Watts and Volts, for using the Kinetic brand to enter the electric vehicle space.

Founded on 27 September 2022, Kinetic Watts and Volts is said finalising its EV product lineup, rollout strategy, partnerships and market entry plans.

Till date, Kinetic Engineering and other promoters have invested INR 428 million in the subsidiary with an additional INR 290 million to be infused soon, which takes the total investment to INR 718 million. This investment will give KEL an 80 percent stake in the subsidiary.

At present, Kinetic Engineering manufactures and supplies EV components, including gearboxes, axles and chassis. More recently, the Kinetic Group entered battery manufacturing through its ‘Range X’ brand, further expanding its offerings for the EV segment.

Under the agreement, Kinetic Watts and Volts will get non-exclusive rights to use the Kinetic brand and trademarks for its EV business for an initial three-year term.

Ajinkya Firodia, Vice-Chairman & Managing Director, Kinetic Engineering, said, “For over five decades, Kinetic has symbolised innovation and trust. As we embrace the electric era, we’re thrilled to see Kinetic Watts and Volts carry this legacy forward. This license is more than a business deal – it’s entrusting a storied heritage to a team dedicated to shaping mobility’s future. By blending our iconic brand with advanced electric technology, Kinetic Watts and Volts will deliver products that resonate with Indian consumers and set new EV benchmarks.”

At the end of the three-year term, Kinetic Engineering and Kinetic Watts and Volts will reassess the licensing terms to align with the group’s long-term goals, market trends and potential expansion into new categories or global markets.

Himadri Speciality Chemical, a leading supplier of speciality chemicals and new energy materials, has inked an exclusive technology licensing partnership with Australian battery materials company Sicona.

It may be recollected that it was in June 2023, Sicona had raised AUD 22 million in Series A funding led by Himadri Speciality Chemical.

As per the understanding, Himadri will access, localise and commercialise Sicona’s proprietary Silicon-Carbon (SiCx) anode technology in India for lithium-ion battery tech.

SiCx is claimed to be a transformational product that can seamlessly integrated into existing lithium-ion battery anode formulations, offering a scalable and commercially viable path to significantly improved battery performance.

Under the partnership, Sicona will provide complete technical support, including access to its proprietary know-how, engineering expertise, qualification protocols and quality systems for the establishment of SiCx production plant. Himadri on its part will bring its experience in scaling high-precision chemical and material operations to drive localisation and commercialisation of the technology.

Unlike conventional anode materials, Sicona’s SiCx material, when used in conjunction with traditional graphite (typically in proportions of 5–20 percent) will significantly enhance energy density (around 20 percent) and charging performance (about 40 percent). This simply put means that EV’s using the SiCx battery tech will have higher range and faster charging speed.

Anurag Choudhary, Chairman, Managing Director & CEO, Himadri Speciality Chemical, said, “This partnership marks a turning point in the world’s advanced battery materials journey. Sicona’s SiCx technology, when used alongside graphite, delivers two core advantages – higher energy density for longer driving range and faster charging capability that dramatically reduces wait time for EV users. By integrating Sicona’s technological might with Himadri’s proven operational excellence, global scale and strategic intent, we are creating a blueprint for innovation-led clean energy leadership. This partnership not only enables India to meet domestic EV and energy storage demands, but also makes us an exporter of next-generation battery materials to the world.”

Christiaan Jordaan, CEO & Co-Founder, Sicona, said, “This partnership marks a transformative moment for Sicona and our SiCx technology. It enables us to commercialise our breakthrough technology at an unprecedented speed and scale. Himadri’s world-class manufacturing capabilities and global presence make them the ideal partner for this journey. We are deeply grateful for their unwavering support to our team, our technology, and our mission.”

Revolt Motors, a leading electric motorcycle brand, has achieved the ISO 9001:2015 certification for quality management systems.

This milestone places Revolt Motors among a select group of electric vehicle (EV) manufacturers that meet stringent international benchmarks across product design, manufacturing, supply chain management and customer service.

Anjali Rattan Nashier, Chairperson of RattanIndia Enterprises, said, “This certification is a proud moment for all of us at Revolt. It is a reflection of our tireless pursuit of quality, innovation and operational excellence. As we expand to new geographies and strengthen our position in the EV segment, this global certification reinforces the trust our customers and partners place in us.”

The ISO 9001:2015 certification highlights Revolt’s structured approach to quality, encompassing product development, manufacturing controls, continuous process improvement and a customer-centric delivery model.

Bengaluru-based electric vehicle maker Ather Energy has announced its financial results for FY2025. The company claimed its sales grew by 42 percent in FY2025 with a total of 155,394 units sold, as compared to 109,577 units last year. This translates to a total income of INR 23 billion for FY2025, up 29 percent, as compared to INR 17 billion in FY2024. The company’s Adjusted Gross Margin soared to INR 4.28 billion, a 2.7-fold increase from FY2024, reflecting cost optimisation through economies of scale, in-house engineering and strategic sourcing.

The EV maker is also making rapid strides towards profitability, reducing EBITDA losses by around 23 percent in FY2025 from 36 percent in FY2024. The net losses for the year decreased by 23 percent, from INR 10 billion in FY2024 to INR 8.12 billion in FY2025.

The Ather Rizta, launched in Q2 FY2025, accounted for 57 percent of total volumes, driving market share gains in states like Delhi, Rajasthan, Maharashtra and Gujarat. The company stated that it maintained a strong 19.7 percent market share in southern states, reinforcing its regional dominance.

To enhance customer experience, Ather introduced Ather Care plans, available at its 210 Service Centres and 231 Experience Centres as of 30 September 2024. Priced between INR 1,130 and INR 2,400, these plans offer benefits worth up to INR 5,900, addressing concerns about EV maintenance costs and ensuring affordability for customers.

Tarun Mehta, Executive Director and CEO, Ather Energy, said, “FY2025 has been a year of robust growth, with strong increases in both volume and profitability, year-on-year. On the back of our new product launches, we saw strong volume growth of 42 percent, and our continued investments in engineering and R&D delivered a strong improvement in margins. Adjusted gross margins doubled, growing by approximately 1,000 bps, and that helped reduce EBIDTA losses by approximately 1,300 bps over the preceding year. Our software sales have continued to trend strongly, with 88 percent of our customers choosing to buy our Pro Pack in FY2025, contributing to improvement of our bottom line. Q4 was a strong quarter for distribution and saw a 32 percent expansion in our pan-India store count.”