Saral Startup News

A Trusted News Partner For Early Startup Success

Saral Startup News

A Trusted News Partner For Early Startup Success

Saral Startup News

A Trusted News Partner For Early Startup Success

What's hot

TurboTax

TurboTax: The Ultimate & Trusted Guide to Filing Your Taxes Online in 2025

As tax season 2025 approaches, millions of Americans are once again searching for a quick, secure, and reliable way to file their taxes. Among the many tax preparation platforms available, TurboTax continues to lead the pack with its accuracy, ease of use, and advanced features that make online filing stress-free. Whether you’re a first-time filer or a returning user, TurboTax 2025 offers enhanced tools powered by artificial intelligence and IRS-compliant automation that ensure you get the maximum refund possible — all while saving time and avoiding costly mistakes.
Read more
OPO Startups

OPO Startups: The Fastest-Growing Innovation Hub Transforming the Future of Technology in 2025

In today’s rapidly evolving digital world, startups are the heartbeat of innovation — shaping new technologies, industries, and economies. Among the most talked-about innovation ecosystems in 2025 is OPO Startups, a dynamic hub that’s empowering entrepreneurs, investors, and creators to turn bold ideas into transformative realities. From AI and blockchain to clean energy and health tech, OPO Startups is not just a platform — it’s a movement. By providing access to funding, mentorship, collaboration, and global exposure, OPO Startups is fueling the next wave of groundbreaking ventures that are redefining how the world works, lives, and connects.
Read more
TurboTax

TurboTax: The Ultimate & Trusted Guide to Filing Your Taxes Online in 2025

As tax season 2025 approaches, millions of Americans are once again searching for a quick, secure, and reliable way to file their taxes. Among the many tax preparation platforms available, TurboTax continues to lead the pack with its accuracy, ease of use, and advanced features that make online filing stress-free. Whether you’re a first-time filer or a returning user, TurboTax 2025 offers enhanced tools powered by artificial intelligence and IRS-compliant automation that ensure you get the maximum refund possible — all while saving time and avoiding costly mistakes.
Read more
Synctera

Synctera: The Most Powerful and Fastest-Growing Fintech Platform Powering the Future of Banking-as-a-Service in 2025

In 2025, the fintech space is more vibrant, competitive, and transformative than ever. Among the many players, Synctera stands out as one of the strongest and fastest-rising platforms in the Banking-as-a-Service (BaaS) domain. From its robust funding rounds to its growing customer base, technological innovation, emphasis on compliance, and global expansion, Synctera has solidified its place as a critical infrastructure for embedded finance.
Read more

Greaves Electric Mobility Files for Rs 1,000 Crore IPO

Are you looking for investment, pitch your idea with us!

Greaves Electric Mobility Files for Rs 1,000 Crore IPO

Introduction
Greaves Electric Mobility, the electric vehicle division of Greaves Cotton Ltd. and the manufacturer of Ampere electric scooters, has taken a significant step towards growth by filing its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI). The company aims to raise Rs 1,000 crore through an initial public offering (IPO).


IPO Details
Fresh Issue and Offer for Sale
The IPO includes a fresh issue of shares to raise Rs 1,000 crore, along with an offer for sale (OFS) by existing shareholders. Promoter Greaves Cotton will reduce its stake by 8.5%, while Abdul Latif Jameel Green Mobility Solutions DMCC plans to divest 39.54% of its holding.

Currently, Greaves Cotton holds 62.5% of the company, while Abdul Latif Jameel owns 34.4%. The final price band and lot size will be determined through a book-building process led by Motilal Oswal, IIFL Capital, and JM Financial.


Financial Performance
Revenue Trends
In the quarter ending September 2024, Greaves Electric reported revenue of Rs 302.2 crore, accompanied by a net loss of Rs 107 crore.

For the fiscal year 2024, the company’s revenue declined by 45.5% to Rs 611.82 crore, primarily due to a 60% drop in electric scooter sales. Losses surged to Rs 215 crore, over ten times the previous fiscal year’s figure.

Sales Volume

  • Two-Wheelers: Sales dropped from 1.09 lakh units in FY23 to 47,820 units in FY24.
  • Three-Wheelers: Sales doubled from 6,870 units in FY23 to 13,470 units in FY24.

Manufacturing and Expansion Plans
Facilities and Operations
Greaves Electric Mobility operates three manufacturing facilities across India:

  1. Ranipet, Tamil Nadu: Focused on Ampere electric two-wheelers.
  2. Greater Noida, Uttar Pradesh: Produces electric three-wheelers.
  3. Toopran, Telangana: Handles both electric and internal combustion engine (ICE) three-wheelers.

Future Plans
Proceeds from the IPO will be used for:

  • Product research and development.
  • In-house battery assembly capabilities.
  • Expanding manufacturing capacity.

The company currently has a robust presence across 27 states with 309 electric two-wheeler dealers and 188 three-wheeler dealers.

Competitive Landscape
Greaves Electric Mobility faces stiff competition from major players like Ola Electric, Ather Energy, TVS Motor, Bajaj Auto, and Hero MotoCorp.


Diverse Product Portfolio
Founded in 2008, Greaves Electric offers an extensive range of vehicles, including:

  • Electric Two-Wheelers: High-speed, city-speed, and low-speed e-scooters.
  • Three-Wheelers: Electric, diesel, and CNG models for both cargo and passenger use.

The IPO marks a pivotal moment for Greaves Electric Mobility as it seeks to strengthen its market position and fund strategic initiatives. With a diverse product range and ambitious expansion plans, the company is poised to navigate the competitive electric mobility landscape.

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts

Must Read

Popular Posts

Exploring the World and Cultivating a Global Lifestyle

Exploring the World and Cultivating a Global Lifestyle

In today’s interconnected world, there’s a growing desire to explore new cultures, experience different lifestyles, and cultivate a global perspective. Whether you’re a seasoned traveler or just starting your journey, here are some tips to help you embrace a global lifestyle...
Simplify Your Life, Amplify Your Joy

Simplify Your Life, Amplify Your Joy

In today’s fast-paced world, it’s easy to get caught up in the hustle and bustle. Taking time to simplify your life can lead to increased happiness, reduced stress, and a greater sense of fulfillment. Here are some tips to help you declutter your mind and embrace a simpler lifestyle...
Interior Design Inspiration for a Cozy Lifestyle

Interior Design Inspiration for a Cozy Lifestyle

A cozy home is a sanctuary where you can relax, unwind, and feel comfortable. Here are some interior design tips to create a warm and inviting atmosphere: Color Palette, Neutral tones: Use soft, neutral colors like beige, cream, and gray as a base for your color scheme...