As India’s clean mobility sector continues to gain momentum, companies are increasing investments in technologies and infrastructure that support sustainable transportation. In a strategic move aligned with this trend, Ravindra Energy Limited has announced an investment of approximately ₹150 crores in its associate company, Energy In Motion Limited (EIM), according to a regulatory filing with the stock exchange.
The investment has been made through a rights issue, with Ravindra Energy subscribing to 45,67,463 equity shares of Energy In Motion at an issue price of ₹328.41 per share, including a face value of ₹10 and a securities premium of ₹318.41. Following the allotment, Ravindra Energy’s shareholding in EIM has increased marginally from 49.50% to 49.54%, while EIM will continue to remain an associate company.
According to the company’s disclosure, the funds raised through the rights issue will primarily be used by Energy In Motion to repay an inter-corporate deposit borrowed from one of its promoters, Golden Green Innovations Private Limited, in line with the stated objects of the issue.
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Energy In Motion, incorporated in March 2024 focuses on integrated electric mobility solutions for long-haul freight transportation. Its business includes heavy-duty electric trucks supported by battery-swapping and charging infrastructure, reflecting the growing demand for cleaner commercial transport solutions in India.
During FY 2025–26, the company reported revenues of ₹1,806.88 million, a significant increase over the previous financial year. It has also delivered 277 heavy electric commercial vehicles during the year and deployed an additional 34 vehicles on lease, highlighting the expansion of its operations despite continuing investments in business development and infrastructure.
The transaction has been disclosed as a related-party transaction under the applicable SEBI Listing Regulations. Ravindra Energy stated that the investment was undertaken on an arm’s-length basis and in accordance with the approvals obtained from shareholders.
The latest investment reflects Ravindra Energy’s continued focus on strengthening its presence in the electric mobility ecosystem while supporting the long-term growth plans of its associate company. As India’s commercial electric vehicle market continues to evolve, strategic capital allocation towards clean mobility infrastructure is expected to remain an important area of investment across the industry.
