Kinetic Green Enters B2C Market with New Electric Three-Wheeler

Kinetic Green has announced its entry into the business-to-consumer (B2C) market with a new electric three-wheeler designed for passenger transport. Powered by a lithium-ion battery, this new vehicle is set to launch in the fourth quarter of FY25.

As part of its ambitious growth strategy, Kinetic Green aims to achieve Rs 10,000 crore in revenue by 2030. The company plans to manufacture over one million electric vehicles by then, with 100,000 three-wheelers and 1,000,000 two-wheelers contributing Rs 3,500 crore and Rs 6,000 crore respectively. An additional Rs 500 crore is expected from its Golf Cart joint venture.

To support this expansion, Kinetic Green recently raised $25 million in a Series-A funding round and established a new manufacturing facility in Supa, Maharashtra. The company plans to secure an additional $15 million to invest in research and development and further market expansion.

Kinetic Green is also scaling its dealer network from 100 to 250 by the end of the year. Additionally, the company has announced a partnership to enable fast-charging of its commercial three-wheelers in just 15 minutes. The brand is eyeing export opportunities in South Asia, Africa, and Latin America in the coming years.

This move into the B2C segment marks a significant step in Kinetic Green's journey, as the company continues to expand its presence in the electric vehicle market both domestically and internationally.

News by Rahul Yelligetti