UK-based EV battery pack technology start-up Ionetic has unveiled what it claims is a world-first software-accelerated, AI-supported development system, Arc, that delivers multi-million dollar savings in battery pack development costs, and halves time-to-market for custom battery packs.

Launched alongside Ionetic’s refreshed logo, brand, and website, Arc slashes the typical around $30 million investment and four-year development cycle required for bespoke EV battery systems from tier 1 suppliers by automating design and integrating pre-validated components into a fully end-to-end battery pack development system. The Arc system allows Ionetic to rapidly deliver cost-effective, performance-optimised battery solutions that meet OEMs’ customer and commercial needs faster and with less risk.

James Eaton, CEO and Co-Founder, Ionetic said: "As the push for electric vehicle adoption accelerates, OEMs need the right partners to bring competitive electrified vehicles to market as fast as possible. Ionetic’s fully end-to-end, in-house offering firmly establishes our position as a battery technology tier 1 at the forefront of innovation; our Arc system allows us to provide OEMs with pre-validated, tailored solutions – enabling them to remove inefficient development processes, focus on vehicle innovation, and eliminate the usual bottlenecks of cost and time. It’s our mission to help OEMs supercharge the electric transition in a way that is profitable and futureproofed for the next era of mobility – a mission that our proprietary technology is primed to achieve.”

The start-up states that battery pack development is one of the most time- and cost-intensive challenges in bringing an EV to market, on-schedule and at an affordable price-point. OEMs needing between 100 and 10,000 battery packs a year are typically faced with a difficult choice: between expensive and time-consuming, highly bespoke battery packs; or low-performance off-the-shelf solutions – with neither option providing a compelling way for OEMs to launch electrified vehicles.

With 95 percent of the world’s OEMs producing low-volume bespoke platforms such as trucks, buses, and sportscars, Ionetic claims its AI-supported, end-to-end approach effectively unleashes the ability of EV OEMs to access high-performance custom battery packs without the usual costs and complexity.

Arc enables Ionetic to deliver batteries to OEMs that combine the best speed and affordability of off-the-shelf solutions with the flexibility and performance of bespoke designs – which reduces time, cost, and development challenges. The system achieves this by seamlessly integrating three elements:

Software: A network of AI-accelerated design tools which remove manual, iterative human design engineering. Instead, Arc rapidly optimises, conceptualises and brings-to-life the battery pack’s design, facilitating significant time- and cost-reductions.

Hardware: Arc is built around a pre-defined design system, including a number of pre-validated systems and components, all whilst supporting multiple different cell formats. This reduces both programme risk and validation time, whilst remaining highly flexible.

Fabrication: Rather than requiring large up-front investment and bespoke manufacturing lines, Arc utilises an innovative, flexible manufacturing system. More akin to the approach taken by semiconductor fabricators, this allows Ionetic’s production facility to serve multiple different customers, without the time and costs typically required for new-line set-up.  

Founded in 2022, Ionetic is a leading innovator in EV battery pack technology, combining advanced software tools and smart manufacturing systems to deliver high-performance, cost-effective battery solutions for low-volume OEMs.

JSW MG Motor India is set to expand its EV portfolio with the MG Windsor Pro, which is set to be introduced on 6 May 2025.

The MG Windsor Pro is expected to offer a higher range, more features, improved safety and minor design tweaks. While technical details are yet to be released, it is safe to understand that the company is looking to further drive sales of its popular EV, targeting a new set of customers.

Launched on 11 September 2024, the company positioned the Windsor as a CUV (crossover utility vehicle) and the most comfortable EV in its segment.

The Windsor EV has already surpassed 20,000 units sales since launch, and has been the highest selling electric passenger vehicle for the last several months in a row.

Gujarat-headquartered electric vehicle maker Wardwizard Innovations & Mobility, the maker of ‘Joy e-bike’ and ‘Joy e-rik’ brand, has reported a consolidated net profit of INR 63.6 million for FY2025, maintaining profitability for the fifth consecutive year despite industry headwinds and a 5.1 percent drop in annual revenue.

The company’s total consolidated revenue stood at INR 3.04 billion, down from INR 3.2 billion last year. However, EBITDA rose 13.9 percent YoY to INR 3.6 billion, and EBITDA margins improved by 222 basis points to 12.11 percent, reflecting strong cost discipline and operational efficiency.

Despite a 52.7 percent YoY dip in PAT, largely due to a high base in FY2024, Wardwizard remained in the black – underscoring resilience amid a challenging EV market environment.

Yatin Sanjay Gupte, Chairman & MD, Wardwizard Innovations & Mobility, said, “While annual revenues saw a slight decline, EBITDA rose 14 percent YoY. Our profitable performance, sustained for five consecutive years, sets us apart and reinforces the strength of our strategy.”

In Q4 FY25 (Jan–Mar 2025), the company recorded a 62.2 percent YoY rise in PAT to INR 64.5 million, with EBITDA nearly doubling to INR 1.8 billion. PAT margins for the quarter expanded to 5.91 percent, and EBITDA margins reached 17.26 percent, reflecting improved product mix and cost optimisation.

During the last fiscal, the company deployed over 400 electric two-wheelers across major cities like Kolkata, Pune, and Ahmedabad as well as the launch of L5 electric rickshaws in Maharashtra. Ongoing partnerships and a USD 1.29 billion EV initiative in the Philippines are expected to drive future growth.

“With continued innovation and targeted execution, we are building a stronger foundation for long-term growth,” Gupte added.

OPG Mobility (formerly Okaya EV) has appointed Ajay Dhiman as the new President – Chief Operating Officer (COO) and Chief Technology Officer (CTO) to lead its electric vehicle and EV components business.

In this strategic leadership role, Dhiman will be responsible for operations and technology functions spanning manufacturing, R&D, product development, quality, sourcing, supply chain and business strategy.

He joins OPG Mobility with over 20 years of experience in the automotive and EV sectors. He previously served as Senior Vice-President at Revolt Motors, where he is said to play a key role across CXO-level functions and was instrumental in accelerating product development and delivering high-quality electric mobility solutions. His career includes leadership stints at Honda, Renault-Nissan, Subros and Sonalika Group, contributing across two-wheeler, three-wheeler, and four-wheeler segments.

Anshul Gupta, Managing Director, OPG Mobility, said, “We are delighted to have Ajay Dhiman join our leadership team at a pivotal moment in OPG Mobility's journey. As we step up our presence in the EV ecosystem, Ajay’s deep experience in product development and operations will be invaluable in scaling our EV and components business. His thorough knowledge of both legacy systems and new mobility technologies will drive value, innovation, and faster execution across our transformation journey.”

Ajay Dhiman, added, “It’s an honour to join OPG Mobility at such a transformative time. The brand’s vision of delivering inclusive and innovative electric mobility solutions aligns strongly with my passion for engineering excellence, innovative products and future-focused manufacturing. I look forward to working closely with the leadership and teams to strengthen our product pipeline, accelerate product innovation, strengthen our technological edge, enhance operational excellence, and scale solutions that support India’s evolving mobility needs. We aim to position OPG Mobility as a frontrunner in shaping India’s electric mobility revolution.”

The Maharashtra government has given rolled out the Electric Vehicle Policy 2025 for a period of five years (till 2030) with an estimated outlay of INR 19.93 billion.

The forward-looking policy aims to not only incentivise purchase of electric vehicles, but also aims to boost adoption and real-world usage.

As per the policy, certain EVs plying on highways will be given a toll waiver, EV charging infrastructure strengthened with an ambition have charging facilities every 25km on the national highways.

Electric two-wheelers, three-wheelers, private four-wheelers, state transport corporation buses, private buses and transport undertaking under civic bodies will get concession of 10 percent on purchase of an EV on the original cost. For goods carrying three-wheelers, four-wheelers and electric tractors will be eligible to a concession of 15 percent.

The government has also waived off registration fee on EVs. Lastly, electric four-wheelers and buses will also get toll exemption on Mumbai-Pune Expressway, Atal Setu, Samruddhi Mahamarg, along with 50 percent concession on state and other national highways.

Devendra Fadnavis, Chief Minister of Maharashtra, said, "The state government has approved a new Electric Vehicle (EV) policy, under which passenger EVs will be given subsidies. EV manufacturing and their use should increase in the state."