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Kinetic Engineering Receives ?40 Crore Promoter Investment to Accelerate EV and Component Growth

Kinetic Engineering has secured a Rs 40 crore capital infusion from its promoter group through the conversion of warrants, strengthening the company’s financial base as it expands into electric mobility and advanced automotive components.

The investment has increased the promoter group’s shareholding in the company to around 65 percent, reflecting stronger promoter commitment to the company’s long-term growth strategy. The funding will support the flagship entity of the Kinetic Group as it enhances capabilities in electric vehicle components, battery systems, and precision engineering solutions for global original equipment manufacturers (OEMs).

The transaction remains subject to the necessary regulatory approvals. Following the conversion of warrants, the higher promoter stake signals growing confidence in the company’s direction as the automotive sector transitions toward electrification.

Commenting on the development, Ajinkya Firodia said the investment demonstrates the promoter group’s continued belief in the company’s strategy during a transformative phase for the automotive industry.

Firodia noted that the company is witnessing strong market response to the Kinetic DX electric scooter, recently launched by its subsidiary Kinetic Watts and Volts. He added that the company is expanding its dealer network nationwide and plans to appoint more than 150 dealers during the current year.

Kinetic Engineering is simultaneously strengthening its presence in emerging mobility technologies while continuing to supply components for both traditional automotive programs and new EV platforms.

The Kinetic DX EV scooter, introduced by Kinetic Watts and Volts—where the parent company holds an 80 percent stake—features a metal body design, 37-litre under-seat storage, and a Range-X lithium iron phosphate (LFP) battery. Sales and service operations have already begun in cities including Pune, Mumbai, Vadodara, Surat, Indore, and Delhi NCR, with plans to expand distribution across India.

The promoter-backed capital infusion is expected to help the company scale EV initiatives, strengthen its component business, and tap new opportunities in the evolving electric mobility ecosystem.