Jindal Mobilitric, Subsidiary of Jindal Worldwide Limited acquires Earth Energy EV

Jindal Worldwide Limited, one of the largest manufacturers and exporters of denim, home textile, specialised fabric, technical fabric and intermediates, today acquired Earth Energy EV through its subsidiary Jindal Mobilitric Private Ltd. With the takeover, Jindal Mobilitric will take over the indigenously developed technology platform as well as Earth Energy’s brands, the successfully launched Glyde SX and the Glyde SX+ variants of its commuter scooter as well as the Evolve R and the Evolve S commuter and cruiser motorcycles.  Jindal Mobilitric will benefit from Earth Energy EV’s approach to build ground up using only indigenous components and Earth Energy’s strong commitment towards building the Indian EV infrastructure ecosystem.  The Mumbai-based automotive start-up Earth Energy EV already has appointed distributors across 10 Indian states, these include Maharashtra, Gujarat, Karnataka, Kerala, Tamil Nadu, Telangana, Andhra Pradesh, Chhattisgarh, Madhya Pradesh and Orissa, and these will be retained by Jindal Mobilitric while increasing the touchpoints thus strengthening the distributor network in each market.  As part of increasing and growing the manufacturing footprint, Jindal Mobilitric will set up a manufacturing plant in Ahmedabad which will supplement the existing Earth Energy manufacturing facility in Maharashtra. Earth Energy vehicles are compliant with all public charging stations being