One of India’s top e-mobility companies, Motovolt, has completed a strategic M&A with German electric 2-wheeler maker OEM eROCKIT AG, making it the first Indian EV firm to do so. This is Motovolt’s first step in increasing its sales and distribution of its electric mobility solutions on a global scale. The initial one million Euro investment will be used to improve eROCKIT’s premium model production at their Berlin, Germany, manufacturing facility. The agreement also serves as a catalyst for more Indo-German EV commerce and cooperation.

About a million automobiles across all categories were sold in India last year, where the market for electric vehicles is expanding quickly. Motovolt, a pioneer in the field, has focused on filling the gap in the nation’s inexpensive micro-mobility market. Through this strategic partnership, Motovolt also hopes to improve its whole line of goods by utilizing the technological capabilities of eROCKIT. For the purpose of eROCKIT product industrialization, Motovolt plans to invest around 10 million Euros.