Eicher Motors Announces Strategic Investment In Stark Future SL
- By MT News
- December 30, 2022
Eicher Motors Ltd., parent company of Royal Enfield, announced a strategic collaboration in the space of electric motorcycles with Spain-based Stark Future SL, on Thursday. Stark Future is a European electric motorcycle manufacturer with specific focus in the area of performance electric motorcycles. As part of this collaboration, the Board of Directors of Eicher Motors Ltd has approved an investment of € 50 million on Thursday, for a close to 10.35 percent equity stake in Stark Future. With this investment, Eicher Motors Ltd claims that it will have a seat on Stark Future’s Board and will explore further opportunities to collaborate in the space of electric mobility. It will also pave the way for a long-term partnership in collaborative research and development in electric motorcycles, technology sharing, technical licensing and manufacturing.
This investment has strategic significance for both Royal Enfield and Stark Future. According to Eicher Motors Ltd, this is because both companies are keenly invested in creating innovative and sustainable solutions in global mobility. Stark Future recently launched its first high performance electric motocross bike, the Stark VARG, which received an exceptional response from global media, professional riders and dealers.
Speaking about Stark Future and this partnership, Siddhartha Lal, Managing Director, Eicher Motors Ltd, said, “We love the vision, passion and focus of the amazing team at Stark Future. Leisure motorcycles do not easily lend themselves to EV technology at this stage, due to challenges like the battery range, packaging, weight and cost. This has resulted in stunted growth of this segment till now. Stark Future has been able to understand and harness the potential of EV technology by dramatically outperforming ICE offerings, without compromising on range, weight, packaging and cost. They have created an absolutely astounding motocross motorcycle – the Stark VARG – as their entry into the EV world. We believe that Stark Future has the highest potential for real breakout growth in the EV leisure space with this model, and the potential to use this strong base to extend into other contiguous segments and beyond.”
At the helm of affairs at Royal Enfield, B Govindarajan, CEO of the company, feels this is a perfectly symbiotic partnership, claims Eicher Motors Ltd. Govindarajan said, “We are very excited to closely collaborate with Stark Future, who are as focused as we are on challenging norms, pushing the boundaries and building uniquely differentiated offerings for riders. In addition to the sheer potential of Stark Future, we see immense synergies in this partnership. While they are scaling up and planning their market entry soon, we will support Stark in the industrialisation process. While they are thought leaders in EV technology, particularly in lightweight components and innovative solutions, we, at Royal Enfield, will draw on these capabilities for developing our EV platforms and will also plan to share some EV platforms in the future.”
Also speaking about this partnership, Anton Wass, Founder and CEO, Stark Future, said, “We aimed to challenge and inspire the motorcycle industry with the creation of the Stark VARG and by bringing our electric technology from the drawing board to reality. To now partner with one of the very first motorcycle brands in history and be part of their journey towards sustainability is a huge inspiration for us at Stark. We have now worked closely with Sid, Govind and team for a few months, and have been deeply impressed by what they have created in the past 25 years, as well as the mindset and focus to continue to build and develop Royal Enfield into the future of sustainable motorcycling. With the Stark VARG, we believe we have a launch model that will reset benchmarks, so to know that the bike’s technical basis will spread much further and filter into more machinery and products is another source of pride for us. It has been a short, intense and incredible journey for us so far but our link with Royal Enfield and what lies in store in the coming years are brilliant signs for the future.”
Renault Group Consolidates EV Services Under New Plug Inn Brand
- By MT Bureau
- April 08, 2026
French automotive major Renault Group has announced the unification of its electric vehicle charging activities and related services under the single brand name – Plug Inn. Replacing the previous operations managed under Mobilize Beyond Automotive, the new brand is intended to simplify the Group's charging ecosystem as electric mobility scales across Europe.
The consolidation brings three core divisions under the new banner:
- Plug Inn Fast Charge: An ultra-fast charging network featuring stations with power outputs up to 320 kW.
- Plug Inn Powerbox: A bidirectional charging solution integrated with vehicle-to-grid (V2G) services.
- Plug Inn Charge Pass: A payment solution providing access to charging infrastructure throughout Europe.
The name change commences with fast-charging stations in France this April, with other services transitioning by the end of the year.
The network currently allows compatible vehicles to recover 400 km of range in approximately 15 minutes. Renault Group has set a target to operate 93 stations by end-2026. These stations are primarily located at Renault dealerships near major road axes and are accessible to electric vehicles from all manufacturers.
Facilities at these sites include 24x7 maintenance, Plug & Charge compatibility and selected premium lounges equipped with Wi-Fi and workspaces. The Group reports a network reliability rate exceeding 99 percent.
Jerome Faton, VP Customer Experience & Energy, Renault Group, said, “Our priority is to simplify every step of the electric experience for our customers by offering them a reliable, clear and scalable charging ecosystem. With Plug Inn, we are setting a structuring milestone: an infrastructure designed to support, on a large scale, the ramp-up of zero-emission mobility in Europe. Beyond a change of name, Plug Inn embodies a strong industrial and technological ambition: to create a reference standard, harmonise the charging experience, and support the acceleration of electric vehicles by focusing on service quality, transparency and trust. This is how we will help make the transition to all-electric mobility a simple, seamless and accessible reality for everyone.”
Trev Mobility Secures INR 36.5 Million In Angel Funding For NCR Expansion
- By MT Bureau
- April 08, 2026
Trev Mobility, an electric vehicle (EV) mobility platform, has raised INR 36.5 million in an angel funding round from its existing user base. The company intends to utilise the capital to increase its vehicle fleet and scale operations across the Delhi-NCR region, including Gurgaon, Noida, Faridabad and Ghaziabad.
Launched in January 2024, the platform operates a fleet of 100 EVs featuring models from BYD and MG Motor. The company provides services for airport transfers, rentals and outstation travel, reporting that 75 percent of bookings are processed through its mobile application.
It has completed over 45,000 trips, with a claimed 55-60 percent repeat user rate. Its all-electric vehicle fleet focusses on premium chauffeur services.
The start-up has also integrated AI-powered dashcams for in-ride security and driver accountability.
The funding follows a period of growth in India's electric mobility sector. Trev Mobility positions itself at the intersection of luxury and accessibility, focusing on vehicle maintenance and hospitality standards. The company's strategy involves expanding into urban use cases as national EV adoption increases.
Naveen Gupta, Founder, Trev Mobility, said, “Seeing our own customers invest in Trev is a powerful validation of the trust we’ve built and the experience we deliver every day. This funding allows us to double down on our core strengths – immaculately maintained vehicles, high standards of hospitality, and a reliable, premium ride experience. Our goal is to build a service that feels less like a cab and more like your own personal car. With 100 EVs now on the road, 4 cities covered, and 40,000 rides delivered, we are just getting started on our mission to make premium electric mobility accessible to every Indian commuter.”
PeakAmp, Pacto Power Join Forces For Battery Waste Management
- By MT Bureau
- April 07, 2026
PeakAmp, a battery circularity and resource recovery firm, has entered into a partnership with Pacto Power to manage battery waste across its operations. The agreement focuses on the collection, logistics and recycling of units, alongside ensuring Extended Producer Responsibility (EPR) compliance.
Under the terms of the partnership, PeakAmp serves as the exclusive partner for end-to-end battery waste movement. The collaboration aims to transition battery waste through authorised channels to improve material recovery and reduce leakage into informal networks.
The key areas of collaboration include establishing systems for the documented movement and disposal of battery waste for traceability. Second-life applications by developing uses for batteries beyond their initial vehicular or industrial lifespan. Research into new lithium-ion battery production.
The partnership reflects a shift in the sector towards integrating traceability into waste management systems as battery volumes increase.
Aditya Sudhanshu, Co-Founder & COO, PeakAmp, said, “As battery usage continues to grow, it becomes important to manage battery waste in a responsible and compliant way. Our partnership with Pacto Power helps us ensure smooth collection, recycling, and compliance management across the entire battery lifecycle. We look forward to building a more transparent and efficient battery waste ecosystem together.”
Manoj Kushwaha, Director, Pacto Power, added, “Partnering with PeakAmp marks an important step in strengthening our commitment to responsible and compliant battery lifecycle management. As we continue to scale our operations, ensuring proper handling of battery waste and meeting EPR obligations becomes critical. PeakAmp’s structured approach to collection, recycling, and compliance will help us build a more transparent, efficient, and sustainable system. We also see strong potential in collaborating on second-life applications and advancing lithium-ion battery innovation together.”
Ultraviolette Partners Elektrorider For Hungary And Danube Region
- By MT Bureau
- April 07, 2026
Ultraviolette, the Bengaluru-based electric vehicle manufacturer, has announced a strategic alliance with Elektrorider, appointing the firm as its official importer and distributor for Hungary and the Danube region. The agreement covers six markets – Hungary, Croatia, Slovakia, Romania, Slovenia and the Czech Republic, expanding Ultraviolette’s European footprint to 19 countries.
Under the partnership, Ultraviolette will introduce its performance electric motorcycles, the F77 MACH 2 and F77 SuperStreet, to Central Europe. The expansion utilises Elektrorider’s existing retail infrastructure in electric motorcycles, scooters and e-bikes.
Narayan Subramaniam, CEO & Co-Founder, Ultraviolette, said, “We are excited to partner with Elektrorider to introduce the Ultraviolette brand in Hungary and Central Europe. This alliance marks a pivotal milestone in our global expansion as Ultraviolette moves beyond India into some of the world’s most discerning motorcycling markets. With a strong foothold already established across 12 European countries, Ultraviolette is poised to accelerate worldwide growth following successful launches in these demanding countries. To riders across Hungary and Central Europe, we seek to bring Aviation based design, unmatched capability and performance, along with future-forward technology that redefine the motorcycling experience with every Ultraviolette ride. Guided by this vision, we are confident that this partnership will establish a world-class Ultraviolette ecosystem, right from product experience to aftersales support. This is only the beginning, and we are excited and confident of the journey ahead.”
Attila Pavuk, COO, Elektrorider, added, “We are equally excited and proud to introduce Ultraviolette to Hungary and the Central European market and go ballistic with the brand’s both visually striking and technologically cutting-edge performance motorcycles. At Elektrorider we represent a lifestyle built around performance, freedom, adventure, and reliability. With deep roots in the CEE market, we combine data-driven insight with real riding experience; we don’t guess but listen and analyse. We understand this region because we live here, ride here, and build meaningful partnerships with brands that share the same high standards, such as Ultraviolette. To motorcycle enthusiasts throughout Hungary and Central Europe, this alliance merges India’s high-tech offer, bold design, exceptional capability, and forward-looking technology with European riding expectations that elevate the electric experience to the next level. With this vision at the core of our partnership, this marks the start of an exciting journey, and we couldn’t be more enthusiastic about what lies ahead.”

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