Making its foray in the electric vehicle segment, Jindal Worldwide has acquired Mumbai-based start-up Earth Energy EV through its subsidiary Jindal Mobilitric. A new manufacturing plant will be set up in Ahmedabad which will supplement the start-up’s existing facility in Maharashtra.
Earth Energy currently has three vehicles listed on its website, two of which seem to be some time away, while the Glyde SX electric scooter is open for pre-bookings at the moment. The acquisition will see Jindal Mobilitric take over all models – the Glyde SX e-scooter as well as the upcoming Evolve R and the Evolve Z electric motorcycles.
The EV start-up has already appointed distributors across 10 states – Maharashtra, Gujarat, Karnataka, Kerala, Tamil Nadu, Telangana, Andhra Pradesh, Chhattisgarh, Madhya Pradesh and Odisha – which will be retained by Jindal Mobilitric. In addition, the company also plans to add new touchpoints in each market.
Rushii Senghani, CEO and founder, Earth Energy, said, “Our vehicles have been put through 7 lakh 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 made for the modern commuter.”