Kinetic Engineering Secures Rs 40 Crore Promoter Infusion to Accelerate EV and Component Growth

Kinetic Engineering Ltd., the iconic name behind India's beloved Luna moped, just got a major boost from its promoters with a fresh ₹40 crore infusion. This move, announced today from Pune, ramps up their stake to 65% and signals rock-solid confidence in the company's pivot toward electric vehicles and advanced components. It's perfect timing as India's EV scooter market heats up, with sales hitting record highs last year.

The funds, coming via warrant conversion pending approvals, will supercharge expansion for the hot-selling Kinetic DX electric scooter and beef up auto component production. With over five decades of heritage from pioneering gearless scooters with Honda to supplying global giants.

Strategic Capital Boost

This infusion isn't just cash; it's fuel for Kinetic's ambitious growth engine. Ajinkya Firodia, Vice Chairman and Managing Director, couldn't hide his excitement: "The response to our Kinetic DX scooter has been phenomenal. We're expanding nationwide with over 150 dealers this year, while our components business lands exciting new orders.

The money targets key areas: scaling distribution for the DX EV amid overwhelming demand, plus capacity expansions and fresh ventures in auto components. Promoter holding jumping from 49% four years ago underscores their bet on Kinetic's role in India's EV boom, where electric two-wheeler sales topped 1.28 million units in 2025.

Spotlight on Kinetic DX EV

Launched recently by 80%-owned subsidiary Kinetic Watts and Volts, the DX EV revives Kinetic's legendary name with modern flair. It packs patented "EASY" features like Easy Charge™, Easy FLIP™, and Easy Key™, plus a rugged metal body and class-leading 37-liter underseat storage. Powered by a safer, longer-lasting Range-X LFP battery (versus NMC types), it offers around 102 km of range per charge from a 4-hour top-up.

Sales and service are rolling out in Pune, Mumbai, Vadodara, Surat, Indore, and Delhi-NCR, with a national rollout underway. Early buzz is strong, with cumulative EV sales already over 600 units, and Kinetic aims for 5,000 by March 2026, scaling production to 60,000 annually by FY27.

Powering Components and OEM Ties

Kinetic's Ahmednagar plant, one of India's largest, crafts gears, shafts, gearboxes, and EV axles/chassis for heavyweights like Tata Motors, Mahindra & Mahindra, Ashok Leyland, Renault, American Axle, Magna Powertrain, and Sonalika Tractors. Half their revenue flows from exports, blending legacy ICE tech with EV innovations.

Firodia emphasized the industry's electric shift: "We're building capabilities to thrive in this transition, accelerating tech, manufacturing, and innovation." This aligns with Kinetic's "Kinetic Lab" training hub for EV techs, boosting service quality.

Looking Ahead

Kinetic Engineering's story, from Luna's pedal-start revolution to EV ecosystem builder, shows resilience in a market where TVS and Bajaj lead EV sales surges. This Rs 40 crore shot in the arm positions them to grab a bigger slice of India's greening roads. Watch this pioneer rev up; the best rides are yet to come.

Also Read: Kinetic Partners with Hero FinCorp, Bajaj Finserv and CleverPe to Expand EV Financing

Conclusion

As Kinetic Engineering accelerates into India's electric future with this Rs 40 crore promoter boost, the company isn't just riding the EV wave; it's helping shape it. From reviving the DX legacy to powering global OEMs, Kinetic's blend of heritage and innovation promises thrilling rides ahead for riders and investors alike.