Greaves Cotton Limited — Updates, 06-03-2025: Press Release

Greaves Electric Mobility has partnered with Indofast Energy to enhance last-mile transport solutions for B2B fleets and ride-sharing services through advanced battery-swapping technology. The collaboration introduces the Ampere ‘Magnus SW.S’, designed for gig economy riders, enabling them to cover over 100 km daily with minimal downtime via quick battery swaps. This initiative aims to improve operational efficiency and reduce costs for users.

The Magnus SW.S is equipped with a 2.4 kW motor to ensure smooth performance, even under heavy loads, and includes IoT capabilities for better fleet management. The partnership expects to deploy over 50,000 vehicles in the coming year, highlighting its potential to drive sustainable and cost-effective mobility solutions in India’s growing electric vehicle market. This move positions Greaves Electric Mobility to capitalize on the evolving needs of the mobility sector while further integrating sustainability into its operational framework.