Bengaluru-headquartered Yuma Energy has announced the acquisition of Grinntech Motors & Services, a Chennai-based start-up specialising in the design and development of affordable and high-quality energy storage solutions.

As per the understanding, Yuma Energy will integrate Grinntech’s expertise in battery technologies, R&D and manufacturing to build a vertically integrated BaaS ecosystem. This will further strengthen battery design and production, intelligent charging units, a multi-city swapping network, technology-driven operations and a seamless customer app.

Muthu Subramanian, Managing Director & General Manager, Yuma Energy, said, “This acquisition is a strategic step towards bolstering our in-house expertise in battery management systems, advanced R&D and manufacturing. By assimilating Grinntech’s technology and manufacturing capability, we will continue to surpass industry and customer service benchmarks in performance, reliability and safety.”

It was in January 2025, Yuma Energy unveiled its next-generation battery, developed in collaboration with Grinntech, at the Bharat Mobility Global Expo’s Bharat Battery Show in New Delhi.  The acquisition builds upon the successful partnership between the two companies over the past 18 months. 

Puneet Jain, Co-Founder, Grinntech, said, “We are excited to become a part of Yuma Energy’s journey and contribute our expertise to revolutionising battery technology.”

Nikhilesh Mishra, Co-Founder, Grinntech, added, “Together, we will continue to push the boundaries of innovation and accelerate India’s transition to a cleaner, more sustainable future.”

Charge Zone, a leading electric vehicle charging company, has announced that it has attained a major milestone by expanding its network to over 13,500 charging stations. This, the company claims, makes it the largest EV charging platform in the country.

It attributed the growth to its strategic OCPI-based roaming partnerships with leading EV infrastructure players, including Statiq, Bolt, Kazam, Pulse Energy, Chargemod, ElectreeFi, Evnnovator and others. These partnerships have allowed the company to offer a unified, interoperable EV charging ecosystem for its customers.

Kartikey Hariyani, Founder & CEO, Charge Zone. “At Charge Zone, our vision has always been to build more than just a network – we’re creating the digital backbone of India’s EV ecosystem. Reaching 13,500 charging stations is a defining moment, not just in terms of scale, but in what it represents: a truly interoperable and tech-driven infrastructure that simplifies the EV experience for everyone. Whether you're an individual commuter or a fleet operator, our goal is to make charging as seamless, reliable, and accessible as possible. Through collaborative partnerships and deep tech integration, we’re laying the foundation for a clean mobility future that’s connected, intelligent, and built for the next generation of transportation in India.”

Currently, the Charge Zone network sees over 8,000 daily users, with its mobile app seeing over 250,000 downloads. The company shared stated that almost 70 percent of India’s EV customers have used Charge Zone app at least once in their EV journey.

At present, the company’s EV charging network includes 3.3kW, 7.4kW and 10kW charging options for city use, DC fast chargers ranging from 30kW to ultra-fast 360kW for faster charging speeds.

The world of e-mobility in India is constantly witnessing newer players, one of which is Ryoto Electrix. With scooters manufactured in Greater Noida, this company has ventured into the production of ‘Made in India’ electric vehicles, deriving capital infusion from VKL-JVK Group. Ryoto Electix’s products, showcased at the recent Ride Asia EV Expo in Bharat Mandapam, cater to the requirements of both rural and urban customers.

The word ‘Ryoto’ is being used as it denotes a dragon-like person in the Japanese language. It is used to symbolise power, strength, courage, and good fortune, all of which help drive the company. Over a period of 5 years, Ryoto has developed stylish and colourful iCAT-approved electric scooters that can be customised as per the needs of e-conscious riders wanting innovation and efficiency.

Sandeep Ralhan, CEO, Ryoto Electrix, said, “Quality is one of the main driving forces for our products. We are offering low-speed vehicles and have tied up with GoDogit to provide insurance on every vehicle.”. Further, he added that EMI’s are available for all the scooters, to be paid over a period of 18 months.

Among the company’s models, Giga is a popular one that looks similar to the popular Honda Activa. While Fowler is a Double Light model, Bright is available with a Single Light. Two-wheeler dealers have the option to choose between exclusive CKD Container deals and bulk deals.

With regards to future plans, Sandeep Ralhan talked about the plan to come up with a company-owned charging station under the name Volt. Apart from expanding the dealership network, he expressed excitement towards the launch of high-speed vehicles in the next 2 months. Ryoto has appointed 80 dealerships across Uttar Pradesh, Rajasthan, Delhi NCR, Kolkata, Hyderabad, Punjab, Madhya Pradesh, and Haryana.  

Bengaluru-based Ather Energy is charging into the public market with an INR 29.81 billion initial public offering (IPO), marking a pivotal moment in the evolution of India’s electric mobility space. The IPO, which opens for public bidding on April 28 and closes on April 30, reflects growing confidence in India’s electric vehicle (EV) market, even as global trade dynamics remain uncertain.
Priced between INR 304 and INR 321 per equity share, Ather’s offering consists of a fresh issue worth INR 26.26 billion and an Offer for Sale (OFS) of approximately INR 3.55 billion. Early stakeholders offloading shares include co-founders Tarun Mehta and Swapnil Jain, as well as prominent institutional investors such as Caladium Investment, National Investment and Infrastructure Fund II and Hero MotoCorp-backed venture arms.

A Strategic Leap 
Founded in 2013, Ather Energy has built a reputation for innovation and quality in the Indian two-wheeler segment. Best known for its flagship 450X electric scooter and the recently launched family-oriented Rizta, Ather has maintained a premium positioning in a price-sensitive market, a feat achieved through a blend of robust design, cutting-edge tech and consistent consumer engagement.
Now, as the company seeks to raise capital for the next leg of its journey, the strategic intent behind the IPO is clear. Proceeds from the fresh issue will be used to ramp up manufacturing capacity, enhance the product portfolio, pare down debt and invest in corporate infrastructure. This expansion is crucial for Ather to retain its competitive edge against deep-pocketed rivals, including legacy automakers and well-funded start-ups.

Driving Growth
At a recent press conference, Chief Executive Officer Tarun Mehta struck an optimistic note on the state of India’s EV ecosystem. “While the entire tariff situation is open, in our opinion, the Indian consumer story, specifically the EV adoption story, remains unchallenged because it’s driven by very secular truths,” he said.
Mehta highlighted three primary factors underpinning the surge in electric two-wheeler adoption including a significantly lower total cost of ownership, greater ease of use and long-term structural shifts favouring clean mobility. These drivers provide insulation against short-term geopolitical disruptions and policy volatility.
That confidence appears to be resonating with both retail and institutional investors with many market watchers calling the IPO a barometer of the Indian EV market’s maturity.

IPO Mechanics and Market Positioning
The offering is being made under Regulation 6(2) of the SEBI ICDR Regulations via a 100 percent book-building process with shares set to list on both the BSE and the NSE. Anchor investor bidding opens on April 25, ahead of the general subscription window.
 

Chinese electric two-wheeler manufacturer Yadea aims to set up shop in India. Though there is no clear timeline on the above, the is keen. It is therefore, that at the recent Ride Asia EV Expo held in New Delhi, it showcased attractive designs of electric cycles, scooters and bikes. Among them were powerful e-scooters and bikes with long riding ranges. 
Yet to locate distributors, dealers and part manufacturers in India, the company – having launched a one-of-a-kind sodium battery in Huangzhou (China) in January 2025, is confident of offering products with longer lifespan, greater safety, higher environment friendliness, lower cost and greater efficiency. 

One of the Yadea products showcased at the Expo was Yadea Velax. It sports a sleek aesthetic and a trendy design that provides plenty of space and high rider comfort. It is powered by a dual motor that gives a range of up to 110 km. Tyres on this vehicle are larger than other e-scooters in the same category. The battery on this e-scooter charges up to 80 percent in just 20 minutes, enabling riders to quickly get back on their journeys. An IPX7 rating on this vehicle means that it can survive the harmful effects of water when submerged up to a depth of one metre for 30 minutes.