Overview

• Kinetic Green and Tonino Lamborghini have formalized a 70:30 joint venture; production of electric carts has begun at the Pune plant.
• The Genesis and Prestige models are powered by a 45 Nm motor with MacPherson suspension, hydraulic brakes and a 150 km lithium-ion battery; pricing ranges from $10,000 to $18,000 per unit.
• The JV’s Pune facility has an initial capacity of 4,000 units over two years, with plans for local CKD and CBU assembly depending on market duties.
• Distributors have been appointed in India, the UAE, Saudi Arabia and the Maldives as the venture prepares for rollout across 25–30 markets.
• The partners aim to raise $20 million in the next 12 months, tapping $5 million in bank loans and $10 million from family offices.