Greaves Electric Mobility Limited was incorporated on June 2, 2008 as Ampere Vehicles Private Limited', a Private Limited Company by the Registrar of Companies, Tamil Nadu at Chennai. Subsequently, the name of Company was changed to Greaves Electric Mobility Private Limited' and a fresh Certificate of Incorporation was issued by the Registrar of Companies, Tamil Nadu at Coimbatore on October 11, 2021. Subsequently, the status was converted into a Public Limited Company and the name of the Company was changed to Greaves Electric Mobility Limited' and a fresh Certificate of Incorporation, was issued to Company by the Registrar of Companies, Central Processing Centre on November 15, 2024.
The Company is one of the first companies in India to focus on the evolving market of electric vehicles (EV) and have been among the frontrunners at driving EV adoption in the country. The Company operated 3 manufacturing units in Ranipet (Tamil Nadu) (E-2W), Greater Noida (Uttar Pradesh) (L3 E-3W) and Toopran (Telangana) (L5 E-3W and ICE-3W), which have adequate space for future expansion.
Company offer a complete suite of vehicles across electric two-wheeler (E-2W) and three wheeler (3W) division catering to both B2C and B2B customers for personal and commercial purposes. The diverse portfolio of E-2Ws, under the Ampere brand, includes products in all three segments of the E-2W mobility spectrum, i.e., High Speed e-Scooters, City Speed e-Scooters and Low Speed e-Scooters, with
models for B2C and B2B use cases. Similarly, the product portfolio of 3Ws, which includes L3 E-3Ws, L5 E-3Ws and ICE 3Ws across
both passenger and cargo models. This comprehensive range covers the entire spectrum of 3W mobility solutions.
The Company became a subsidiary of Greaves Cotton Limited in 2018. It acquired shares in Bestway Agencies Private Limited (BAPL), making it a wholly owned subsidiary of our Company in 2021 and MLR Auto Limited was made a subsidiary of the Company upon the acquisition of shares of the Company in 2023.
Company is planning an Initial Public Offer by raising funds aggregating upto Rs 1000 Cr equity shares of face value of Re 1 each through fresh issue and by issuing 189,398,200 equity shares through offer for sale.