Mecwin to invest Rs 500 million for EV plant in Karnataka

Electric vehicle (EV) startup Mecwin India has announced an investment of Rs 500 million to set up an EV manufacturing plant in Bengaluru, Karnataka. The manufacturing facility will focus on indigenous EV motors and controllers and is expected to be operational by the end of this year. The facility targets to have an initial manufacturing capacity of 2,000 units per day.

Recently, Mecwin also entered the EV retrofitting market following a Rs 15 billion deal with the Raipur-based Tatva Group. Under the partnership, Mecwin will manufacture and supply 500,000 retrofitting kits, including motor, controller, lithium-ion battery, and charger, for different vehicles over the next three years to Tatva Group.

Mecwin was founded in Bangalore, India in 2017. The company has pioneered, innovated, and excelled in the engineering and manufacturing of EV motors, solar water pumps and controllers. It works on the designing, developing, and manufacturing of different ranges of hubs and mid drive motors ranging from two, three, and four wheelers for various OEMs in the country. 

GET ACCESS TO OUR ARTICLES

Enter your email address