Shakti EV Mobility Investment Increased as Shakti Pumps Raises Total Funding to INR 700 Million

Shakti Pumps (India) Limited has increased its financial commitment to its wholly owned subsidiary, Shakti EV Mobility Private Limited, through a fresh equity investment. On July 17, the company subscribed to 5 million equity shares worth INR 50 million, raising its cumulative investment in the subsidiary to INR 700 million. The latest capital infusion reflects the company's continued support for expanding its electric mobility business and strengthening manufacturing capabilities in India.

Shakti EV Mobility Private Limited was incorporated on December 16, 2021, and operates as the electric vehicle manufacturing arm of the company. Its product portfolio includes electric vehicle motors designed for two-wheelers, three-wheelers, four-wheelers, and special-purpose electric vehicles. In addition to traction motors, the subsidiary also manufactures EV chargers and charge controllers, supporting multiple segments of the electric mobility ecosystem.

Frequently Asked Questions

What is the latest investment made by Shakti Pumps in Shakti EV Mobility?
On July 17, Shakti Pumps (India) Limited invested an additional INR 50 million in its wholly owned subsidiary, Shakti EV Mobility Private Limited, by subscribing to 5 million equity shares. Following this transaction, the company's cumulative investment in the subsidiary reached INR 700 million. Shakti EV Mobility manufactures electric vehicle motors for multiple vehicle categories along with EV chargers and charge controllers, supporting the company's long-term electric mobility business.