Shakti Pumps Investment in Shakti EV Mobility Reaches INR 750 Million

Shakti Pumps Increases Investment in EV Subsidiary

On August 20, Shakti Pumps announced an additional INR 50 million investment in its wholly owned subsidiary, Shakti EV Mobility Private Limited, through the subscription of 5 million equity shares. The latest investment increases Shakti Pumps’ total investment in the subsidiary to INR 750 million. The move strengthens the company’s financial commitment to its electric-vehicle business and supports the subsidiary’s role in developing and manufacturing EV components. The investment was announced in India, where the company is expanding its presence across multiple electric mobility applications.

Shakti EV Mobility Focuses on Electric Vehicle Components

Shakti EV Mobility manufactures electric-vehicle motors, chargers and controllers for a broad range of applications, including two-wheelers, three-wheelers, four-wheelers and special-purpose electric vehicles. The subsidiary’s product portfolio covers several core electrical and powertrain components required by different categories of electric vehicles. The increased funding gives the business additional capital support as it develops these component capabilities. The investment also reinforces Shakti Pumps’ involvement in the EV component ecosystem, while its subsidiary continues serving multiple vehicle segments through its manufacturing operations.

Frequently Asked Questions

What is the latest Shakti Pumps investment in Shakti EV Mobility?
The latest investment announced by Shakti Pumps is INR 50 million through the subscription of 5 million equity shares in its wholly owned subsidiary, Shakti EV Mobility Private Limited. Following this investment, the total amount invested by Shakti Pumps in the subsidiary has reached INR 750 million. Shakti EV Mobility manufactures electric-vehicle motors, chargers and controllers for two-wheelers, three-wheelers, four-wheelers and special-purpose electric vehicles, supporting a broad range of applications across the electric mobility sector.