Pune-headquartered Kinetic Green
Energy & Power Solutions has teamed up with China-based electric vehicle
giant Aima Technology Group to co-design and develop electric two-wheelers for
Through this partnership, Kinetic
plans to aggressively scale up the E2W business and build the capacity of
5-lakh units a year in the next two years, the company said. Kinetic had
launched its e-two-wheelers last year. As part of the collaboration, Aima will
assist Kinetic with design and support for modifications and rapid localisation
of the models to suit Indian customer requirements.
The two partners plan to launch at
least three new models in India in FY23, including models from Aima's new
advanced high-speed scooter platform. Initially, the two-wheelers developed
under the collaboration will be marketed under the Kinetic brand, the company
said, adding the partners have explored launching co-branded models in the
future, including bringing new global brands to India.
Within a year, Kinetic and Aima
further plan to explore a joint venture where Kinetic will leverage its brand
and production capabilities and Aima can leverage its technology, R&D and
global outreach to expand massively, it noted.
The JV will help bring the respective
might of the two players to develop and market a differentiated range of EVs
with advanced technology to aggressively scale up the business to be a leading
player in this fast-growing space, the company said. After launching a range of
electric three-wheelers in the country about four years ago, Kinetic Green entered the E2W market in
2021. According to Kinetic, buoyed by increasing petrol prices on one hand and
favourable government policies leading to reduced prices for electric vehicles
and fast-evolving EV ecosystem, the E2W segment is poised for rapid growth.
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