Kinetic Green Energy & Power Solutions, announced that they are entering into a collaboration with global electric vehicle giant, Aima Technology Group, to co-design and develop electric two wheelers for the growing Indian market.
Kinetic and Aima have entered into a long-term collaboration to co-develop electric 2-wheeled vehicles for Indian consumers. Aima shall assist Kinetic with design, and support for modifications and rapid localisation of the models to suit Indian customer requirements. Together, they plan to launch at least three new models during FY2023 in India, including models from Aima’s new advanced high-speed scooter platform.
Kinetic and Aima further plan to explore a joint venture, within a year, where Kinetic shall leverage its brand and production capabilities and Aima can leverage its technology, R&D and global outreach to expand massively. The JV will help the two players to develop and market a differentiated range of EVs with advanced technology in order to aggressively scale up the business.
Through this partnership, Kinetic plans to aggressively scale up its E2W business and aims to build electric two-wheeler capacity to 500,000 units a year in the next two years.
Speaking on the partnership, Sulajja Firodia Motwani, Founder and CEO, Kinetic Green, said, “Together, we will bring advanced EV technology to India, and create maximum social impact by bringing these innovative products within the reach of our large population, just like impact made by our Kinetic Luna or Kinetic Honda earlier. We are also committed to building a strong EV eco-system together including local supply chain, and convenience of fast charging, battery swapping, long range EVs to popularize this technology across the length and breadth of India.”
Aima Technology has recorded global sales of more than 50,000,000 electric two-wheelers and boasts of over 1000 models in their product portfolio spanning across two-wheelers, three-wheelers and four-wheelers.
Speaking about the association with Kinetic Green, Su Yuhang, President of Aima Technology Group added, “Aima has witnessed India’s great potential in green mobility, particularly in the year of 2021, fuelled by FAME II incentive policies, the yoy electric two-wheeler growth of 631%. India will always be Aima’s strategic priority for global investment to cater the need of green and smart mobility. We are pleased to join hands with Kinetic Green. Together with Ms Sulajja Firodia’s entrepreneurship and their talent pool, we believe that we can co-develop the first-class product for India customers, and through localisation, we can gain competing advantage and become the market leading force.”