Kinetic Green eyes Rs 8 billion turnover this fiscal

Electrical vehicle (EV) maker Kinetic Green expects a turnover of about Rs 8 billion in 2022-23 as traction for its two-wheelers continues to expand.

The company is concentrating on sale of 50,000 models of two-wheelers and 10,000 models of three-wheelers within the current financial year. The company has raised Rs 1.50 billion in a pre-series A funding round to meet its expansion and operational needs. Further, Kinetic Green will be commissioning a new plant in early 2023 with a minimum capacity of 300,000 units per annum, or 25,000 units per month. This will quadruple its capacity to close to 400,000 units.

GET ACCESS TO OUR ARTICLES

Enter your email address