Montra Electric’s e-SCV division, TIVOLT Electric Vehicles Private Limited, has inaugurated its first e-SCV dealership in Yashwantpur, Bengaluru.

This is the first e-SCV dealership in Karnataka, South India, and reinforces the brand’s commitment to expanding its footprint in the state. Strategically located at 45/4, Industrial Suburb, Tumkur Road, Yashwantpur, and managed by channel partner TVS Vehicle Mobility Solution Pvt Ltd, the 3S facility is designed to provide superior service and seamless ownership experience with advanced tools and cutting-edge infrastructure. Saju Nair, CEO of TIVOLT Electric Vehicles (SCV division of Montra Electric), and Madhu Raghunath, CEO of TVS Vehicle Mobility Solution Pvt Ltd, officially opened the new dealership in the presence of important stakeholders, including dealers, clients, suppliers and other notable visitors.

Nair said, “Karnataka is a key market for us, and we are excited to launch our first dealership in Yeshwanthpur. At Montra Electric, we are committed to pioneering innovation and sustainability in clean mobility. This new dealership marks a significant step in our journey, bringing us closer to our customers while reinforcing our commitment to high-performance e-SCVs. Through our partnership with TVS Vehicle Mobility Solutions, we aim to deliver tailored solutions and exceptional service, ensuring we meet the evolving needs of our customers.”

Raghunath said, “We are thrilled to collaborate with Montra Electric in establishing this new dealership. This partnership not only strengthens Montra Electric’s presence as a leading EV player in the region but also enhances customer access to reliable and high-performance e-SCVs. Together, we aim to expand our reach and deliver tailored mobility solutions that meet the diverse transportation needs of our customers.”

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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.

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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.

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Bengaluru-based electric vehicle company Ultraviolette Automotive has confirmed that its upcoming Shockwave e-motorcycle will be built on the company's 100V architecture, with commercial launch scheduled for Q1 of 2027. The high-voltage platform is engineered to improve power delivery, thermal efficiency and charging speeds for the motorcycle.

The Shockwave, categorised under the FUNDURO platform, is designed as a lightweight model inspired by two-stroke motorcycles. Ultraviolette confirmed that the vehicle will be offered in both single-seat and dual-seat configurations. To prepare for the Q1 2027 rollout, the company has begun installing a dedicated production line within its existing manufacturing facility in Bengaluru.

The decision to utilise the 100V architecture follows Ultraviolette’s earlier announcement that the same powertrain technology would be deployed in its Tesseract model. While the Shockwave and Tesseract target different riding applications, both models have been developed in parallel over the past year as part of the manufacturer's powertrain strategy.

Narayan Subramaniam, Co-Founder and CEO, Ultraviolette Automotive, said, “From the outset, we envisioned the Shockwave as a motorcycle that would bring back the pure enjoyment of riding. Bringing our 100V architecture to the Shockwave is an important step in realising that vision. When it launches in Q1 2027, we are certain it will be an exceptionally engaging motorcycle to ride. The Shockwave and Tesseract have been in parallel development over the past year and work is already underway to set up the Shockwave production line at our existing facility.”

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Chennai-headquartered Switch Mobility, the electric vehicle arm of Hinduja Group, has secured an order to supply 840 electric buses to Antony Road Transport Solutions under Phase I of the Government of India’s PM E-Drive scheme.

Under the agreement, Switch Mobility will supply 420 units of 9-metre and 420 units of 12-metre air-conditioned electric buses. Antony Road Transport Solutions was selected as the operator to deploy the fleet with the Delhi Transport Corporation (DTC) and the Transport Department, Delhi, for public transit operations across the National Capital Region.

Formal agreements for vehicle deployment have been executed between Switch Mobility and Antony Road Transport Solutions. The e-buses are constructed on Switch's EiV platform, which incorporates electric powertrains, modular battery layouts, regenerative braking systems and dual-gun fast-charging capabilities. Fleet monitoring and diagnostic functions are managed through the Switch iON software system. Safety and passenger features include low-floor entry, fire detection and suppression equipment, and multi-level battery protection measures.

Ganesh Mani, CEO, Switch Mobility, said, “We are pleased to partner with Antony Road Transport Solutions for deployment of 840 electric buses across Delhi by Delhi Transport Corporation & Transport Department, Delhi. This order is a strong testament to the growing confidence in electric mobility solutions for large-scale public transportation. With a mix of 9-metre and 12-metre electric buses, we are enabling operators to address diverse passenger mobility requirements while supporting the transition towards cleaner and more sustainable transportation. At Switch Mobility, we remain committed to working closely with our partners to deliver reliable, efficient and commercially viable electric mobility solutions that create long-term value for operators and communities.”

Jimmy John, Director, Antony Road Transport Solutions, said, “Our long-term relationship with Ashok Leyland and the trust we have in the Hinduja Group have led us to place this order. We believe this partnership will go a long way towards supporting the NCR’s sustainable mobility journey.”

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