EeVe India unveils Soul EV, announces Rs 1,000 cr investment in next 2 yrs

Bharat’s Group-owned EeVe India on Tuesday unveiled its first high-speed electric scooter, EeVe SOUL. Aiming to capture 10 per cent of India’s electric vehicle market within the next five years, the EV maker announced plan to invest up to Rs 1,000 crore during the next two years towards R&D, developing new products in electric mobility solutions, improving existing manufacturing facilities, setting up charging infrastructure, localising parts, expanding networks and engaging in brand building.

“We have a legacy of 80 years in the mobility industry with the largest state-of-the-art operational manufacturing plant in the country. Last fiscal, we sold 15, 000 units of our low-speed models and are confident of achieving the target of another 50,000 units in the next two years.