Kinetic Engineering Reorganizes EV Arms Under Kinetic Watts & Volts
According to reports, Kinetic Engineering, which has shifted from two-wheeler manufacturing to auto components with a focus on electric vehicles, is reorganizing EV arms under Kinetic Watts & Volts to provide integrated solutions offering key components like motors, controllers and batteries.
Kinetic Watts & Volts was formed in September 2022 as a subsidiary of Kinetic Engineering to focus on anything electric to ensure a sustainable future for EVs as there is a lot of adoption.
The new firm is 92 percent owned by the Aurangabad-based parent firm and the rest eight percent is held by the Firodia family. The company is also open to divest around 25 percent of the equity to a strategic/financial partner.
“We formed Kinetic Watts & Volts with a vision to provide integrated solutions offering the key three components of motors, controllers and batteries from one source to potential EV customers, be they small players or bigger ones. The objective is to ensure that our future customers need not worry about sourcing these key parts from a slew of standalone suppliers but focus on sales and marketing of their vehicles and we'll do all the manufacturing,” says Kinetic Engineering managing director Ajinkya Firodia.
We are already making the gearboxes and chassis for EVs which are being imported from China now. So, we need to just approach or somehow get these customers to approach us and start delivering because there are today 700 players of two-wheeler EV makers
KEL has already been making gearbox and axles for three-wheelers and chassis for two-wheelers and three-wheelers (both traditional and EVs) and the new company can offer a more focused delivery now.
“We are already making the gearboxes and chassis for EVs which are being imported from China now. So, we need to just approach or somehow get these customers to approach us and start delivering because there are today 700 players of two-wheeler EV makers. That means the market is so huge, adds Firodia.