"Kinetic Engineering will invest INR 30 crore into its newly formed electric subsidiary, Kinetic Watts and Volts Ltd. This strategic infusion builds upon the company's initial investment of INR 18.5 crore, raising the total investment to INR 48.5 crore," the company said.
"With the latest infusion of capital into Kinetic Watts and Volts Ltd, we are not only reinforcing our commitment to innovation but also taking tangible steps towards a more sustainable future," said Kinetic Engineering Managing Director Ajinkya Firodia.
The investment will enable the company to create efficient, reliable, and advanced electric mobility solutions for its customers in the Indian market, he added.
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