Bondada Engineering Steps Up Electric Mobility Expansion with BTM Mobility Deal

Atpole Technologies Private Limited, a subsidiary of Bondada Engineering Limited has acquired a 51% stake in BTM Mobility Private Limited, marking a strategic EV acquisition that expands the group’s presence into electric two-wheeler manufacturing. The transaction involves the purchase of 5,100 equity shares with a face value of ₹10 each through cash consideration, making BTM Mobility a subsidiary of Atpole Technologies.

BTM Mobility Private Limited, formerly known as Thuraga Motors Private Limited is engaged in the design, development, manufacturing and assembly of electric two-wheelers. Its business operations also cover the production and assembly of associated components and original equipment for electric mobility applications.

The acquisition represents a strategic forward integration of Bondada Engineering Group’s existing capabilities in brushless direct current (BLDC) motor manufacturing. Through the controlling stake in BTM Mobility, the group aims to expand its presence across the electric vehicle value chain and strengthen its position in the electric two-wheeler segment.

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The integration will provide the group with access to BTM Mobility’s established design and development capabilities, intellectual property portfolio, business credentials and existing order pipeline. These capabilities and resources are expected to support the expansion of its electric mobility business and create further growth opportunities in the domestic EV sector.

The acquisition also aligns with the Government of India’s vision of Viksit Bharat and the Make in India initiative, with a focus on promoting indigenous manufacturing, technological innovation and the development of a robust domestic electric mobility ecosystem.

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The transaction has been completed on an arm’s-length basis and does not fall under related-party transactions. No governmental or regulatory approvals were required for the acquisition.

Through this strategic investment, Bondada Engineering is looking to expand beyond its existing BLDC motor manufacturing capabilities and establish a stronger presence in India’s electric two-wheeler manufacturing and electric mobility ecosystem.