Ravindra Energy merges with Energy In Motion to build EV freight platform
What's the deal? Ravindra Energy Limited (REL)Dealroom has a profile for this one. Try Dealroom → has approved a merger with Energy In Motion Limited (EIM)Dealroom has a profile for this one. Try Dealroom →, folding EIM into REL to combine renewable energy with an electric mobility platform. The deal value is undisclosed. REL already holds a 49.54% stake in EIM, which it jointly controls with the J M Baxi GroupDealroom has a profile for this one. Try Dealroom →.
What's the endgame? The merged company will focus on electrifying and decarbonising heavy commercial transport. It combines electric heavy commercial vehicles with Battery-as-a-Service (BaaS), charging and battery-swapping infrastructure, renewable energy supply, and related operations and maintenance.
What changes? Subject to approvals, the J M Baxi Group will become a co-promoter of REL, which will be renamed Energy In Motion Limited.
Meanwhile, in expansion: Navitas SolarDealroom has a profile for this one. Try Dealroom → plans to invest US$1.36B over five years to move beyond solar modules into ingots, wafers, cells, battery storage, and power generation across Gujarat and Maharashtra. It is building a 2.4 GW solar cell facility at Sisodara, Gujarat, with a first phase of about US$163M targeted to open by July 2027.
The signal: The merger reflects a push to knit renewable supply and EV infrastructure into a single freight-focused business, while investments like Navitas's show India's renewable value chain deepening from generation to storage.
Read more: powerpeakdigest.com
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