Shakti Pumps Invests ₹12 Crore in Shakti EV Mobility, Taking Total Investment to ₹92 Crore

Shakti Pumps (India) Limited has invested an additional ₹12 crore in its wholly owned subsidiary, Shakti EV Mobility Private Limited, taking its cumulative investment in the company to ₹92 crore.

According to a regulatory filing with the BSE and NSE, the investment was made through the subscription of 1.20 crore equity shares with a face value of ₹10 each. The company stated that the funds are intended to support the initiation and expansion of its subsidiary’s business operations.

Incorporated on 16 December 2021, Shakti EV Mobility manufactures electric vehicle motors, chargers and controllers. Its product portfolio includes motors for electric two-wheelers, three-wheelers, four-wheelers and special-purpose electric vehicles, along with EV charging equipment.

As of 31 March 2026, Shakti EV Mobility reported total assets of approximately ₹128.57 crore. Shakti EV Mobility reported a turnover of ₹24.25 crore in FY 2025–26, compared to ₹3.73 crore in FY 2024–25 and ₹4.30 crore in FY 2023–24.

The company stated that the investment was made through cash consideration and did not require any government or regulatory approvals. Shakti EV Mobility will continue to operate as a wholly owned subsidiary of Shakti Pumps (India) Limited following the investment.

Also read: Shakti Pumps invests ₹4 crore in Shakti EV Mobility Private Limited