Jindal Worldwide’s subsidiary Jindal Mobilitric has purchased Mumbai-based electric vehicle start-up Earth Energy EV. In addition, Jindal Mobilitric plans to build a new manufacturing facility in Ahmedabad to complement the existing Earth Energy facility in Maharashtra.
Jindal Mobilitric will acquire Earth Energy’s brands, including the Glyde SX and Glyde SX+ commuter scooters, as well as the Evolve R and Evolve S commuter and cruiser bikes, as well as the indigenously built technological platform.
Jindal Mobilitric has already chosen distributors in Maharashtra, Gujarat, Karnataka, Kerala, Tamil Nadu, Telangana, Andhra Pradesh, Chhattisgarh, Madhya Pradesh, and Orissa, who will be retained by the electric vehicle startup.
