Kinetic Green Energy & Power Solutions, a leading electric vehicle manufacturer has announced its partnership with Yuma Energy, a leading Battery-as-a-Service company, to make electric vehicles more accessible.

As per the understanding, Kinetic Green will initially deploy e-Luna on the Yuma platform. It aims to have 10,000 EVs on Yuma's network in 2025 and an ambitious target to have over 100,000 electric two- and three-wheelers over the next four years.

Sulajja Firodia Motwani, Founder and CEO, Kinetic Green, said, ‘’We are very excited about the partnership with Yuma Energy. Kinetic Green is committed to deploying advanced EV technology solutions and innovation to make electric vehicles more affordable, accessible, and reliable for customers. I am confident that together we will contribute greatly to the greening of the last mile in India, where Kinetic Green’s electric two-wheelers and electric three-wheelers will replace fossil-fuel-based vehicles, reducing pollution in our cities.  By offering these with Yuma’s state-of-the-art battery swapping ecosystem, we will help accelerate EV adoption by ensuring a seamless EV experience for customers and helping maximise their earnings. I am convinced that this is the future, and we are happy to play a part in this green transition.’’

Muthu Subramanian, MD & GM, Yuma Energy, said, ‘’This partnership represents a major step forward in our mission to make EV adoption seamless and sustainable. Kinetic Green’s legacy and Yuma Energy’s technology are a perfect match to deliver superior customer experience. Together, we are setting new benchmarks in affordability, reliability, and innovation, and we are excited about what this means for the future of clean mobility in India.’’ 

Initially, the partners will focus on high-demand use cases such as shared passenger mobility and last-mile delivery, where uptime and operational efficiency are paramount.

Kinetic Green aims to integrate its swap-ready EVs into Yuma Energy’s BaaS network, which will provide higher uptime for customers including EV fleet operators and riders.

The customers will get access to not only the existing over 200 Yuma swapping stations but also benefit from the new touchpoints being added.

Maharashtra-based electric two-wheeler brand BGauss has raised INR 1.61 billion from Bharat Value Fund  in a mix of debt and equity. The EV maker shared that it will utilise the funds to accelerate its growth strategy, expand footprint in India & global market such as Europe and SAAR. The funds will also be used to bolster its in-house research and development for upcoming product launches.

The company is set to launch two new electric two-wheelers in 2025. As part of growing its customer base, the company will scale up its dealership network to 500 from existing 120 touchpoints. The idea is to gradually have over 1,000 dealerships across the country. In addition, it will also ramp up production from the 100,000 units per annum to reflect on the demand.

Madhu Lunawat, CIO, Bharat Value Fund, said, “We are excited to partner with BGauss, spearheaded by the visionary and dynamic leader, Hemant Kabra. This investment reaffirms our commitment to empowering environmentally conscious businesses that drive positive change. As early advocates of sustainable mobility, we've been actively tracking and supporting eco-friendly initiatives since pre-pandemic times. With this transaction, both teams shall work together towards
creating a greener tomorrow.”

Hemant Kabra, Founder and Managing Director, BGauss, said, “We are thrilled to welcome Bharat Value Fund as a strategic partner in our growth journey. Their proven track record in nurturing profitable, growth-stage companies aligns perfectly with our ambition. This funding will accelerate our mission to be among the top five EV two-wheeler players and bring cutting-edge, reliable electric scooters to the market. We look forward to expanding our dealer network, boosting manufacturing capacity, and delivering two exciting new products fully designed, engineered, and made for India.”

Darshan Patel, an existing investor and Founder of Vini Cosmetics, added, “Our association with BGauss over the last two and a half years has been an incredible journey. We are excited for the future and wholeheartedly welcome Bharat Value Fund. We believe this new partnership will take BGauss to greater heights, strengthening its position in the EV industry.”

The adoption of electric vehicles (EV) in India is poised to see a boost in adoption numbers driven by a rapidly expanding charging network, growth in battery swapping models and government policies such as the PM e-drive.
The respective sector demonstrated strong momentum in 2024, with total sales reaching nearly 1.95 million units across segments. Industry experts see this growth trajectory continuing into 2025, supported by expanding charging infrastructure, battery swapping networks and favorable government policies.
Alluding to the performance of the sector in 2024 ICRA Corporate Ratings Senior Vice President Srikumar Krishnamurthy said, “Electric vehicles in India continued to gain traction in 2024 supported by factors like government incentives, changing consumer needs new product launches, technological advancements, etc. Nevertheless, the EV penetration levels remain modest, particularly in cars and trucks, though adoption in two-wheelers and three-wheelers and buses is better. The government’s policy measures remain supportive; the PM e-drive scheme is expected to aid faster EV adoption apart from the development of the EV manufacturing ecosystem. While the transition is gradual, the EV sector holds promise as a cornerstone for sustainable mobility, with significant growth potential in the coming years."
According to data from Vahan Dashboard 19,48,957 EVs were sold between January and December 2024. Electric two-wheelers dominated the market with sales translating to 1.2 million units followed by the three-wheeler segment that sold 6,94,466 units. 
Meanwhile, the electric car segment continued to show steady progress with 99,848 units sold while the electric-bus sales experienced substantial growth increasing by 39% in CY2024, reaching 3,834 units. 
Ola Electric dominated the two-wheeler segment with a 35.42 percent market share followed by TVS (19.49 percent), Bajaj (16.58 percent), Ather (11.08 percent) and Hero (3.78 percent).
In the three-wheeler passenger segment, Mahindra Last Mile Mobility led with approximately 10 percent market share, while Bajaj Auto demonstrated exceptional growth. The three-wheeler cargo segment saw Mahindra LMM maintaining leadership with about 11 percent market share, while Bajaj Auto showed impressive growth to capture 4.7 percent market share. 
In the electric car segment, Tata Motors maintained dominance with roughly 62 percent market share, followed by MG Motor India at 22 percent, Mahindra & Mahindra (7 percent), BYD (2.85 percent), and PCA (2.19 percent), while in the electric bus segment, Tata Motors retained its leadership position with all major players showing significant sales growth.
2025 Outlook
Alluding to the sectoral outlook for 2025, Altigreen Propulsion Labs Chief Executive Officer Amitabh Sharan noted, “The electric vehicle industry in India stands at a transformative crossroads in 2025, with the market projected to reach USD 235 billion by 2030 at a remarkable CAGR of 49 percent. The sector will witness remarkable growth (especially in commercial vehicles) in 2025, driven by a combination of TCO benefits, technological advancements for better quality vehicles and driveability, and changing consumer perception towards EVs. However, the road to widespread EV adoption will need to overcome significant challenges viz-a-viz innovative vehicle financing, urban charging infrastructure, consistency in policy and regulatory framework, supply-chain localisation (for price parity with ICE) and very importantly skill development through industry-academia partnerships.”
Revfin Founder Sameer Aggarwal said, “2024 has been a defining year for India’s automotive sector, marked by accelerated adoption of electric vehicles, advancements in sustainability, and the integration of innovative technologies. Building on this momentum, 2025 is expected to be a year for EV adoption. With an intensified focus on developing robust EV charging infrastructure and scaling up battery-swapping networks, transitioning to electric mobility will become more seamless for consumers. Coupled with innovative financing models and targeted efforts to reach underserved markets, the industry is set to overcome accessibility barriers and make sustainable mobility a reality for all. Collaboration between automakers, policymakers, and technology providers will ensure a cohesive ecosystem, enabling India to lead the way in sustainable and inclusive mobility solutions.”
Godawari Electric Motors Director Hyder Ali Khan noted, “As we look ahead to 2025, we are excited about the robust expansion of our Eblu product portfolio, catering to the evolving needs of our customers. Additionally, we have some promising public and private orders in the pipeline, which will further accelerate our growth trajectory. We remain committed to driving innovation and sustainability in the EV sector and look forward to continued collaboration with our stakeholders to shape a cleaner and greener future for mobility.”
Zypp Electric Chief Executive Officer Akash Gupta revealed plans for 2025 along with the sector outlook and stated, “Looking ahead to 2025, Zypp Electric is committed to deploying 200,000 electric vehicles across the country in the next 12-18 months and we will double down on innovation, fleet expansion and partnerships to meet growing demand. We will focus on bolstering EV charging infrastructure, enhancing intelligent fleet management, and contributing to India's net-zero goals. Together, we aim to revolutionise last-mile logistics and make green mobility the norm for businesses and communities alike.”
On the components front, Automotive Component Manufacturers Association Director General Vinnie Mehta averred, “The Indian auto component industry is poised for robust double-digit growth in FY25, driven by strategic efforts to reduce import dependence and bolster exports. The electric vehicle component segment is witnessing remarkable year-on-year growth, propelled by the surging demand for sustainable mobility solutions. Key drivers include advancements in electric powertrains and battery systems, supported by increased investments in localization, R&D, and progressive government policies. These developments underscore the industry’s commitment to innovation, self-reliance, and establishing India as a prominent global manufacturing hub."
As India furthers its journey towards carbon neutrality within the mobility sector, EV adoption is slated to accelerate even in the luxury car segment. According to a news report citing Federation of Automobile Dealers Associations, the luxury EV market grew by 6.7 percent in 2024 despite decline in sales. 
BMW witnessed the highest sales followed by Mercedes Benz India, Volvo, Audi and Porsche. 

Image for representative purpose only

Odysse Electric, an Indian two-wheeler electric vehicle (EV) brand, has announced the successful delivery of over 1,500 electric scooters to Zypp Electric, an EV fleet operator focused on last-mile delivery services.

With a common goal of providing sustainable transportation solutions, the partnership between Odysse Electric and Zypp Electric aims at decreasing the carbon impact of urban transit and contributing to a cleaner future. As part of the collaboration, Odysse will deliver 40,000 EVs to Zypp over the next three years.

Nemin Vora, CEO, Odysse Electric, said, "With each scooter delivered, we move closer to making sustainable mobility a mainstream reality. We believe that electric vehicles represent the future of urban mobility, and this collaboration demonstrates the growing need for greener solutions in India's transportation environment. Collaboration with Zypp Electric has been extremely fulfilling, and we are thrilled to continue supporting their aim of offering sustainable last-mile delivery solutions. This supply of 1,500+ electric scooters is just the beginning, and we hope to increase our effect further as the demand for electric vehicles grows."

Mumbai-headquartered automotive major Mahindra recently unveiled its new electric vehicle dedicated manufacturing and battery assembly facility at its Chakan plant. The fully integrated ecosystem will produce Mahindra’s Electric Origin SUVs.

It may be recalled that the company announced an ambitious investment plan of INR 160 billion in FY2022-FY2027. This includes INR 45 billion towards powertrain development, two product top hats, including software and tech, and manufacturing capacity.

The automaker's EV manufacturing hub incorporates highly automated manufacturing ecosystem that leverages over 1,000 robots and multiple automated transfer systems. The company aims to have 25 percent gender diversity ratio at its EV plant. The EV line incorporates a fully automated Press Shop, an AI-driven Body Shop, robotic Paint Shops to optimise quality and efficiency.

The body shop utilises over 500 robots and a fully automated transfer system, which is monitored via an IoT-based ‘Nerve Center’ for real-time process insights and end-to-end traceability. The company has also adopted Industry 4.0 tech, AMRs (Autonomous Mobile Robots), and AGVs for seamless material movement.

The battery manufacturing lines use a patented pallet design for optimal insulation and geometric accuracy and hidden cell terminal welding for enhanced connectivity and robust performance.

Mahindra said it will perform multi-layered end-of-line testing simulating real-world conditions, backed by IP67 ingress protection, real-time temperature monitoring, and automated anomaly isolation.