Kinetic Engineering (KEL) has announced an investment of Rs 177 crore through convertible warrants, aiming to achieve a revenue target of Rs 1,000 crore by 2029. Currently, the company generates Rs 150 crore, with a substantial portion of the investment allocated toward expanding its electric vehicle (EV) business. Specifically, Rs 100 crore will be directed towards this segment, expected to contribute approx. Rs 650 crore towards the overall revenue target.

The initiative includes a phased approach, with the first capital infusion of Rs 55 crore scheduled for March 2025, contingent on approvals from the Securities and Exchange Board of India (Sebi). The remaining funds will be deployed in stages through 2027.

In addition to its focus on EVs, KEL is diversifying into non-automotive sectors, with a notable move including the establishment of a battery manufacturing plant, producing 200 units per day, scaling up to 15,000 units per month over three shifts. Initially focused on two-wheeler batteries, the plant will expand to three-wheelers in the future.

Furthermore, KEL is collaborating with an American firm to manufacture gearboxes for solar panels, alongside setting up a solar plant with an investment of Rs 50 crore.

The additional funding will support increased manufacturing capacities for transmissions and other EV components, including motors, controllers, and chassis. Through these strategic moves, KEL aims to position itself as a key player in the evolving EV ecosystem while exploring new opportunities in renewable energy and non-automotive sectors.