The initiative aims to improve recycling systems for EV batteries, secure critical raw materials and support the transition towards a circular economy.
Under the licensing agreement, KWV receives a non-exclusive right to use the Kinetic brand for three years, with provisions for renewal based on market and strategic alignment.
Electric vehicles, or EVs, are transforming the automotive industry by providing a technologically sophisticated, efficient, and environmentally friendly substitute for conventional gasoline-powered automobiles. EVs are recognized for saving gasoline but have many other advantages beyond this benefit.
A testament to their success is the overwhelming response to MATTER'S AERA, India's first geared electric bike, with an impressive 40,000 prebookings. Deliveries are slated to commence this year, marking a significant milestone