Jitendra EV Accelerates Progress with ₹125 Crore Funding
April 15, 2025 | India — Jitendra New EV Tech has introduced a major funding of ₹125 crore geared toward increasing its presence in India’s electrical automobile (EV) sector. This five-year plan focuses on product innovation, manufacturing capabilities, and community improvement, reflecting the corporate’s dedication to sustainable transportation options.
A Complete Funding Technique
Of the overall funding, ₹80–100 crore will probably be devoted to analysis and improvement, emphasizing the corporate’s purpose to ship next-generation mobility options. The initiative consists of plans for 2 new flagship fashions:
- ‘Klasoo’, a high-speed electrical scooter, is anticipated to launch in 2025.
- ‘Hydrix’, a groundbreaking hydrogen-electric triquad, is ready for launch in 2028.
To accommodate growing manufacturing wants, ₹25 crore will go in the direction of upgrading the Nashik manufacturing facility, elevating its annual manufacturing capability from 60,000 to 96,000 items.
Bold Progress Plans for FY25 and Past
Jitendra EV goals to double its FY24 gross sales of 4,200 items within the present monetary 12 months, leveraging its upcoming product launches and enhanced manufacturing capabilities. This formidable goal is aligned with the corporate’s broader mission to make clear mobility options accessible throughout India.
Increasing Retail Attain
To additional strengthen its market presence, the EV producer plans to determine 100 new dealerships all through the nation. This growth technique focuses on enhancing accessibility and after-sales providers, that are important for fostering EV adoption in city and semi-urban areas.
Jitendra New EV Tech’s funding signifies a powerful dedication in a aggressive and modern sector. With its formidable targets, cutting-edge merchandise, and an increasing retail community, the corporate is positioning itself as a serious participant in India’s evolving electrical mobility panorama.
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