Jindal Worldwide acquires Earth Energy EV, plans to grow brand

    Jindal Mobilitric, the subsidiary through which Jindal Worldwide has acquired Earth Energy EV, will set up a new manufacturing plant in Ahmedabad.

    Published On May 09, 2022 03:10:00 PM

    5,828 Views

    Jindal Worldwide acquires Earth Energy EV, plans to grow brand
    Listen to this Article

    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.”

    Copyright (c) Autocar Professional. All rights reserved.

    Comments
    ×
    img

    No comments yet. Be the first to comment.

    Ask Autocar Anything about Car and Bike Buying and Maintenance Advices
    Need an expert opinion on your car and bike related queries?
    Ask Now
    Search By Bike Price
    Poll of the month

    BMW's 3 Series-based i4 EV costs Rs 69.90 lakh and has a claimed range of 590km. Would you:

    Buy the i4 and go green

     

    35.38%

    Buy the sporty M340i for Rs 65.90 lakh

     

    25.87%

    Buy the more premium 5 Series for Rs 64.90 lakh

     

    38.75%

    Total Votes : 1009
    Sign up for our newsletter

    Get all the latest updates from the automobile universe