Jindal Worldwide makes EV foray, acquires Earth Energy EV

Jindal Mobilitric will set up a new manufacturing plant in Ahmedabad which will supplement the existing Earth Energy manufacturing facility.

Autocar Pro News Desk By Autocar Pro News Desk calendar 05 May 2022 Views icon43630 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp

Jindal Worldwide has acquired Mumbai-based electric vehicle start-up Earth Energy EV through its subsidiary Jindal Mobilitric. In addition, Jindal Mobilitric will set up a new manufacturing plant in Ahmedabad which will supplement the existing Earth Energy manufacturing facility in Maharashtra.

The acquisition will see Jindal Mobilitric take over the indigenously developed technology platform as well as Earth Energy’s brands –  Glyde SX and the Glyde SX+  -variants of its commuter scooter as well as the – Evolve R and the Evolve S commuter and cruiser motorcycles.

The EV start-up has already appointed distributors across 10 states including – Maharashtra, Gujarat, Karnataka, Kerala, Tamil Nadu, Telangana, Andhra Pradesh, Chhattisgarh, Madhya Pradesh and Orissa, which will be retained by Jindal Mobilitric. In addition, the company will also add new touchpoints by strengthening the distributor network in each market.

Rushii Senghani, CEO and founder, Earth Energy said “We are very happy to work with Jindal Mobilitric. Our vehicles have been put through 700,000 testing hours and the confidence shown in us is commendable as we work together to build the Indian EV infrastructure that is a reliable and efficient modern scooter that is made for the modern commuter.”

Gaurav Davda, spokesperson on behalf of Jindal Mobilitric said “Electric is the future of travel and we are happy to announce our foray into the electric vehicle segment. This acquisition will ensure that we make a strong start in our EV foray.”

RELATED ARTICLES
Hero Electric to source wiring harness solutions from Dhoot Transmission

auther Autocar Pro News Desk calendar08 Feb 2023

Dhoot Transmission has collaborated with the EV OEM on the 3D design for the wiring harness which is designed to deliver...

BYD India gets over 2,000 bookings for Atto 3 e-SUV, begins deliveries

auther Autocar Pro News Desk calendar07 Feb 2023

The Atto 3 has received more than 2,000 bookings since its launch in November 2022; only 1,200 units available to custom...

Ather Energy targets staffers of 2,500 corporates to make the shift to EVs

auther Autocar Pro News Desk calendar07 Feb 2023

Electric two-wheeler OEM bundles corporate discounts and exchange offers worth Rs 16,259 on Ather 450 e-scooters to driv...