New Delhi/Bangalore, August 3, 2026: Greaves Electric Mobility Limited (GEML), the e-mobility business of Greaves Cotton Limited (GCL) and one of India’s leading electric mobility companies, comprising the Ampere and Greaves 3 Wheelers brands, today announced an additional equity infusion of INR 530 crore through a Rights Issue. The Rights Issue has been fully subscribed by GEML’s existing shareholders in proportion to their shareholding, including Greaves Cotton Limited and Abdul Latif Jameel Green Mobility Solutions (ALJ), reaffirming their continued confidence in the company’s growth trajectory and long-term vision for advancing India’s clean mobility transition. The investment underscores the sustained commitment of GEML’s anchor shareholders to the business.
The fresh capital will support GEML’s next phase of growth, with investments focused on developing next-generation electric vehicles, Battery Management Systems (BMS), advanced powertrains, and new-age technologies that will strengthen the company’s competitive edge. Commenting on the investment, Mr. Karan Thapar, Chairman, Greaves Cotton Limited, said: “GCL’s strong balance sheet enables us to support organic growth and selectively invest behind businesses with clear long-term potential. Our continued investment in Greaves Electric Mobility reflects our confidence in its strategic direction, execution capabilities and role in advancing India’s clean mobility transition. With its manufacturing footprint, engineering depth, expanding portfolio and focus on Building for Bharat, GEML is well placed to sustain its market-outperforming growth and create enduring value.”
The investment will further strengthen GEML’s electric two-wheeler and three-wheeler portfolio, deepen its technology capabilities, and enhance execution as India’s EV market continues to witness rapid adoption. While GEML has currently decided not to avail itself of the SEBI extension for its proposed public offer, the company remains committed to pursuing a public listing at an appropriate time, subject to market conditions, regulatory approvals and other relevant considerations.
Speaking on the development, Mr. Vikas Singh, Managing Director, Greaves Electric Mobility Limited, said:“We are grateful for the full subscription of the Rights Issue by our existing shareholders. Their continued support reflects strong confidence in Greaves Electric Mobility’s vision, strategy and execution momentum. As India’s electric mobility market moves towards mass adoption, we remain focused on supporting the country’s clean mobility goals through differentiated products Built for Bharat, stronger technology capabilities and reliable mobility solutions for our customers. This capital will help us accelerate innovation and further strengthen our product pipeline.”
The investment comes as Greaves Electric Mobility continues to outperform industry growth across both the electric two-wheeler and three-wheeler segments. Backed by an expanding product portfolio, a growing retail and service network, and sustained investments in engineering, manufacturing and customer experience, the company remains focused on democratizing smart and sustainable mobility through solutions that are Built for Bharat.
