Kinetic Green Partners Yuma Energy For Battery Swapping Tech

Kinetic Green - Yuma

Kinetic Green Energy & Power Solutions, a leading electric vehicle manufacturer has announced its partnership with Yuma Energy, a leading Battery-as-a-Service company, to make electric vehicles more accessible.

As per the understanding, Kinetic Green will initially deploy e-Luna on the Yuma platform. It aims to have 10,000 EVs on Yuma's network in 2025 and an ambitious target to have over 100,000 electric two- and three-wheelers over the next four years.

Sulajja Firodia Motwani, Founder and CEO, Kinetic Green, said, ‘’We are very excited about the partnership with Yuma Energy. Kinetic Green is committed to deploying advanced EV technology solutions and innovation to make electric vehicles more affordable, accessible, and reliable for customers. I am confident that together we will contribute greatly to the greening of the last mile in India, where Kinetic Green’s electric two-wheelers and electric three-wheelers will replace fossil-fuel-based vehicles, reducing pollution in our cities.  By offering these with Yuma’s state-of-the-art battery swapping ecosystem, we will help accelerate EV adoption by ensuring a seamless EV experience for customers and helping maximise their earnings. I am convinced that this is the future, and we are happy to play a part in this green transition.’’

Muthu Subramanian, MD & GM, Yuma Energy, said, ‘’This partnership represents a major step forward in our mission to make EV adoption seamless and sustainable. Kinetic Green’s legacy and Yuma Energy’s technology are a perfect match to deliver superior customer experience. Together, we are setting new benchmarks in affordability, reliability, and innovation, and we are excited about what this means for the future of clean mobility in India.’’ 

Initially, the partners will focus on high-demand use cases such as shared passenger mobility and last-mile delivery, where uptime and operational efficiency are paramount.

Kinetic Green aims to integrate its swap-ready EVs into Yuma Energy’s BaaS network, which will provide higher uptime for customers including EV fleet operators and riders.

The customers will get access to not only the existing over 200 Yuma swapping stations but also benefit from the new touchpoints being added.

LG Energy Solution Inks MoU With indiGOtech To Explore EV Battery Supply & Tech

LG Energy Solution - indiGOtech

South Korean energy major LG Energy Solution has signed a non-binding memorandum of understanding (MoU) with United States-based commercial electric vehicle startup indiGOtech to explore battery supply and technological collaboration.

Under the MoU, the companies will work toward a final agreement for LG Energy Solution to supply 46-series NCM cylindrical battery cells from 2027 to 2030 for indiGOtech’s Flow Ride and Flow Cargo vehicles.

The partnership involves vehicle-battery integration, performance verification, driving range extension, and charging time reduction. The agreement expands LG Energy Solution's client base for its 46-series cylindrical batteries, following a reported 1.5-fold YoY increase in cylindrical battery shipments in the second quarter.

Headquartered in Woburn, Massachusetts, indiGOtech specialises in commercial van platforms for the North American market, integrating vehicles, charging infrastructure and digital services.

Will Graylin, Chairman and CEO, indiGOtech, said, "Urban ride hail and delivery must electrify and automate at scale, but today’s electric vehicles are not designed for purpose, and are severely limited by the local charging infrastructure – that’s why vast majority of rides and deliveries are still driven by gas vehicles. Working toward a long-term relationship with LG Energy Solution brings together advanced battery technology for durable economic advantage for vehicles, drivers and fleet operators."

Sunghwan Oh, Mobility & IT Battery Marketing Group Leader, LG Energy Solution, said, "Based on LG Energy Solution’s 46-series NCM cylindrical battery technology that boasts high energy density and rapid charging capabilities, we will closely collaborate with indiGOtech, which is successfully building the Transportation-as-a-Service (TaaS) ecosystem in the U.S. Leveraging this partnership, we plan to enter the diverse commercial vehicle market in the U.S., including logistics, last-mile delivery, and ride-hailing."

e-Sprinto To Launch New Family E-Scooter In October

E-Sprinto

Electric two-wheeler manufacturer e-Sprinto plans to launch a high-speed electric scooter for the B2C segment in October. The new model is designed for everyday family mobility and daily commuting, with a claimed range of up to 130 km on a single charge.

The launch marks an expansion of e-Sprinto's operations in India's electric two-wheeler market. Having initially established a presence in the B2B electric mobility segment with scooters tailored for commercial and delivery fleets, the company is now transitioning its product development toward direct-to-consumer sales.

Further specifications regarding the scooter's features, design, pricing and availability will be disclosed prior to its official release next month.

Zypp Electric Allocates INR 110 Million ESOPs To Over 250 Employees

Zypp Electric

EV rental platform Zypp Electric has allocated Employee Stock Ownership Plans (ESOPs) valued at INR 110 million to more than 250 employees in September 2026.

The distribution covers 22 percent of the company’s total workforce and spans multiple employee tiers, including over 50 EV technicians and field sales teams, ahead of a planned initial public offering (IPO).

The allocation follows earlier equity initiatives by the company, including an INR 15 million ESOP buyback for 15 employees in 2023. The company has also previously extended stock options to its gig delivery partners.

Akash Gupta, Co-Founder and CEO, Zypp Electric, said, "For us, ESOPs are fundamentally about creating ownership, not just retaining employees. The growth of Zypp has been built by people across the organisation who have taken ownership of challenges, solved problems on the ground and helped us scale. As we enter our next phase of growth, we want more of our people to participate in the value they are helping create. Extending ESOPs across employee bands, including our EV technicians, field sales teams, reflects our belief that ownership should be shared across the organisation."

The announcement comes as the company reports expansion in operational and financial metrics. In the first quarter of FY27 (April–June 2026), Zypp Electric recorded an 88 percent YoY increase in net revenue. The company’s EBITDA margin moved from -4 percent to 10 percent over the same quarter YoY, and reached 17 percent over the trailing 12-month period.

The platform currently manages a fleet of 30,000 electric vehicles across eight cities, representing a 71 percent YoY growth in fleet size during the quarter. The company has set a target to expand its fleet to 100,000 vehicles across 20 cities by FY2028, serving last-mile delivery operations across e-commerce, quick commerce, food, grocery, and pharmacy sectors. The business integrates Internet of Things (IoT) and artificial intelligence systems for fleet management, battery monitoring and delivery tracking.

Ashok Leyland - IIT Madras

Ashok Leyland, one of the leading commercial vehicle manufacturers, has launched a nationwide initiative titled ‘GET ZET - Electric Truck Awareness to Acceptance’ in partnership with the Centre of Excellence for Zero Emission Trucking (CoEZET) at IIT Madras. The initiative will run from September 2026 to February 2027, the campaign will cover 40 cities across India to promote the commercial deployment of battery-electric trucks.

The roadshow will traverse logistics hubs and industrial corridors across 15 states, including Tamil Nadu, Kerala, Karnataka, Andhra Pradesh, Telangana, Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Rajasthan, Haryana, Uttar Pradesh, Delhi, Punjab and Himachal Pradesh. The events will convene fleet owners, logistics operators, financiers, freight providers, infrastructure developers and policymakers.

As part of the campaign, Ashok Leyland and CoEZET will showcase the BOSS Electric truck alongside charging infrastructure, offering trial rides and technical demonstrations to evaluate real-world vehicle performance and operational requirements.

Shenu Agarwal, MD & CEO, Ashok Leyland, said, “The transition to zero-emission mobility will be defined not just by the maturity of technology, but by the confidence of the users to adopt it at scale. At Ashok Leyland, we believe the best way to build that confidence is by taking electric trucking closer to the people who will use and enable it. Through ‘GET ZET - Electric Truck Awareness to Acceptance’, in collaboration with Centre of Excellence for Zero Emission Trucking (CoEZET), IIT Madras, we are bringing the electric truck technology to 40 cities, creating opportunities for customers and stakeholders to experience its real-world potential first-hand. This is a step towards making electric mobility more accessible, practical and ready for the future of India’s freight ecosystem.”

Manu Santhanam, Dean (ICSR) at the Indian Institute of Technology, Madras, said, “CoEZET, IIT Madras has been working towards the adoption of zero-emission trucks since 2022, with a vision of achieving 100 percent ZET penetration by Viksit Bharat 2047. Our work spans policy, technology, skilling and outreach. The current Outreach Acceptance Initiative builds on our earlier awareness activities across hundreds of locations and focuses on enabling stakeholders to experience, evaluate and build confidence in battery electric trucks, as we move towards the next phase of adoption. Through in-depth interactions and hands-on trial rides, we aim to demonstrate the quieter, smoother and more comfortable experience of electric trucks, while helping address driver concerns and build greater acceptance among the trucking community. We are glad to collaborate with industry partners such as Ashok Leyland in this effort and look forward to engaging with a wider range of stakeholders to strengthen acceptance and enable the wider adoption of zero-emission trucks in India.”

The joint programme forms part of broader efforts to support zero-emission freight transportation across key national transport corridors.