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Greaves Electric Mobility Reviews

Bengaluru, Karnataka

5.0/ 5

1 review

Greaves Electric Mobility Private Limited (GEMPL), the electric mobility business division of Greaves Cotton Limited (GCL), is a prominent player in India's electric vehicle (EV) industry. Established in 2008 and headquartered in Bengaluru, Karnataka, the company draws from the extensive 160-plus-year engineering legacy of its parent organization. Over its 16 years of operation, GEMPL has positioned itself as a leading developer and manufacturer of multi-category electric vehicles, focusing heavily on affordable, reliable, and sustainable last-mile mobility solutions. The company's core operations are divided across the electric two-wheeler and three-wheeler segments, catering to both the business-to-consumer (B2C) individual passenger market and the business-to-business (B2B) commercial sector. In the electric two-wheeler vertical, GEMPL operates under the well-known "Ampere" brand, which stands as one of the fastest-growing e-scooter brands in India. Its product line features models like the Magnus EX, Primus, and the Nexus—the brand's first high-performance family electric scooter. In the electric three-wheeler segment, GEMPL operates through its subsidiary and associate businesses, including ELE Agencies Private Limited and Greaves 3 Wheeler Auto Limited, offering clean-tech vehicles under the ELE and Teja brands, alongside recently launched tech-enabled models like the Greaves ELTRA City. GEMPL's manufacturing infrastructure is localized across multiple sites in Tamil Nadu, Telangana, and Uttar Pradesh. To accelerate its product development, the company emphasizes advanced safety frameworks and battery technology, leveraging strategic partnerships with firms like Mesha Energy Solutions for faster charging systems. To ensure accessibility, GEMPL has cultivated an extensive multi-brand EV retail ecosystem, complemented by an in-house financing arm, Greaves Finance Limited, and a massive aftermarket servicing network. Financially, GEMPL functions as a private entity backed by significant global investors, including a major investment from the global family-owned business Abdul Latif Jameel, which contributed to a total raised funding pool of approximately $226 million through multiple rounds. For the fiscal year ending March 31, 2025, the company generated an annual operational revenue in the range of INR 500 to INR 1,000 crore, reporting a specific revenue figure of INR 659 crore while significantly reducing its losses. GEMPL is led by its Managing Director and Chief Financial Officer, Vikas Singh, alongside Chief Operating Officer Ram Rajappa and a robust executive board. With a dedicated workforce consisting of hundreds of professionals operating under a hybrid workspace model, the company manages a consumer base of over 300,000 satisfied customers. Through its vehicles, GEMPL has successfully recorded over 3.8 billion electric kilometers driven, translating to millions of liters of petrol saved and a significant reduction in vehicular carbon dioxide emissions, aligning with India's broader green energy transition.