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.


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