Kinetic Engineering Ltd. (KEL), the flagship company of the Kinetic Group, has received an additional capital infusion of ₹40 crore from its promoter group, strengthening the company’s financial position as it expands into emerging mobility technologies.
The investment has been made through the conversion of warrants, subject to regulatory approvals, increasing promoter shareholding in the company to 65%. The move signals stronger promoter commitment to Kinetic Engineering’s long-term growth and strategic transformation.
The company has been expanding its capabilities in electric vehicle components, battery systems and precision engineering solutions for global OEMs, while continuing to support conventional automotive programs.
Mr. Ajinkya Firodia, Vice Chairman and Managing Director of Kinetic Engineering, said the additional investment reflects the promoter group’s confidence in the company’s long-term strategy. He noted that the funds will support expansion of both the component business and the group’s EV initiatives.
Kinetic’s subsidiary, Kinetic Watts and Volts, recently launched the electric version of the iconic Kinetic DX scooter, featuring patented technologies such as Easy Charge, Easy Flip and Easy Key. The DX EV uses a Range-X LFP battery and offers 37 litres of under-seat storage. The company has already begun sales and service operations in cities including Pune, Mumbai, Vadodara, Surat, Indore and Delhi NCR, with plans for a nationwide rollout.
The latest investment reinforces the Kinetic Group’s broader ambition of building a strong EV ecosystem spanning electric vehicles, battery technology and advanced automotive components.
