Green Energy & Power Solutions, India’s leading EV company, has today
announced that they are entering into a collaboration with global electric
vehicle giant, Aima Technology Group, to co-design and develop electric two
wheelers for the growing Indian market.
Technology is a global EV giant, listed on the Shanghai Exchange, with a global
presence in 87 countries. With global sales of more than 50,000,000 E2W units,
AIMA ranked 1st in E2W player in the world for successive 6 years out of past
10 years, and brand value ranked 1st by C-BPI and led the entire industry for
12 consecutive years.
boasts of over 1000 models in their product portfolio, which covers E2W, E3W
and E4W. AIMA also leads the industry in technology development and R&D,
and is known for its investment in technology R&D (As of December 2020,
Aima held 923 patents, with total annual investment plan of more than USD 60
million) with key focus on design, 3D digital modelling, IoT and smart
technology, swapping solution in relation to her electric vehicle matrix.
and Aima have entered into a long-term collaboration to co-develop electric
2-wheeled vehicles for Indian consumers. Aima shall assist Kinetic with design,
and support for modifications and rapid localisation of the models to suit
Indian customer requirements. Together, they plan to launch at least 3 new
models during 2022-23 in India, including models from Aima’s new advanced high-speed
Green is a well-established player in India’s fast-growing electric vehicle
industry. After successfully launching a range of electric three wheelers in
India, Kinetic Green has entered the E2W market in India in 2021 and is
aggressively building its presence in this segment with a goal to be one of
India’s top E2W players. Kinetic has been a well-known and loved 2W scooter
brand in India for decades and is leveraging its deep consumer insight to bring
exciting range of electric2W scooters to Indian consumers.
has already been selling E2W since start of 2021 and has received an
overwhelming response to its vehicles. Through this partnership, Kinetic plans
to aggressively scale up its E2W business and aims to build E2W capacity to
500,000 units a year in the next 2 years.
a year, Kinetic and Aima further plan to explore a joint venture where Kinetic
shall leverage its brand and production capabilities and Aima can leverage its
technology, R&D and global outreach to expand massively. The JV will help
bring respective might of the two players to develop and market a
differentiated range of EVs with advanced technology in order to aggressively
scale up the business to be a leading player in this fast growing space.
the two wheelers developed under the collaboration will be marketed under
Kinetic brand, and acknowledge the AIMA technology support. The partners have
explored launching co-branded models in the future, including bringing new
global brands to India.
on the occasion of this partnership, Ms. Sulajja Firodia Motwani, Founder and
CEO, Kinetic Green, noted, “Kinetic Green’s vision is to bring wide range of
advanced, innovative yet affordable electric vehicles to the Indian mass
market. We are delighted to partner with the World’s largest and leading EV
player, Aima, and are looking forward to working together with them. Together, we will bring advanced EV
technology to India, and create maximum social impact by bringing these
innovative products within the reach of our large population, just like impact
made by our Kinetic Luna or Kinetic Honda earlier. We are also committed to
building a strong EV eco-system together including local supply chain, and
convenience of fast charging, battery swapping, long range EVs to popularize
this technology across the length and breadth of India.”
Yuhang, President of Aima Technology Group said, “Aima has witnessed India’s
great potential in green mobility, particularly in the year of 2021, fuelled by
FAME II incentive policies, the yoy E2W growth of 631%, again showcased India’s
resource endowment and competing advantage in private transportation
industry. India will always be Aima’s
strategic priority for global investment to cater the need of green and smart
mobility. We are pleased to join hands with Kinetic Green, as KG has proved
themselves to be the pioneers in India’s automobile industry, with good track
record of Joint Venture with international brands. Together with Ms Sulajja
Firodia’s entrepreneurship and their talent pool, we believe that we can
co-develop the first class product for India customers, and through
localization, we can gain competing advantage and become the market leading
Energy & Technology Pvt Ltd., Chennai, a partner of Great Power, China, one
of the leading Lithium cells and battery packs maker, has played a significant
role in forging this partnership and will continue to provide support in
localization and support to augment the technology.
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