PUNE: Numeros Motors, a new-age original equipment manufacturer specializing in Indigenous electric vehicles, today introduced its multi-utility e-scooter, Diplos Max in Pune. Engineered to redefine clean mobility, Diplos Max marks the company’s entry into the personal mobility segment for diverse applications, under its flagship Diplos platform. These vehicles embody the principles of safety, reliability, and durability making them ideal for a range of customers’ needs. Diplos Max is available at an ex-showroom Pune price of INR 1,13,399 only

The company has conducted India’s largest-ever pilot test, covering over 13.9 million kilometers—a first for any Indian OEM. Demonstrating unparalleled safety, reliability, and durability, the Diplos range of scooters traversed diverse geographical terrains, setting a new benchmark for electric vehicle innovation and redefining the future of EV scooters in India.

The Diplos platform is built on cutting-edge engineering and innovative design, offering a fully connected and seamless user experience, all while staying true to its three core principles.

• Safety: The Diplos platform incorporates dual disc brakes, high-performance LED lighting, and advanced smart features like theft alerts, geofencing, and vehicle tracking to ensure top-notch safety.
• Reliability: Vehicle systems like the chassis, battery, motor, and controller are designed, engineered, and integrated for consistent lasting optimal performance.
• Durability: The robust square chassis and wider tires are designed for long-lasting durability, offering superior grip across varied terrains and an extended lifespan.

Shreyas Shibulal, Founder & CEO of Numeros Motors, said: “At Numeros Motors, we envision clean and efficient mobility solutions as the foundation of sustainable ecosystems. The Diplos platform is a testament to our commitment to innovation, safety, and environmental responsibility. By delivering a made-in-India vehicle that is safe, reliable, and durable we aim to cater to the diverse needs of our users while actively contributing to the green mobility solutions across India and the globe. This launch reflects our focus on combining advanced technology with practical design to shape the future of transportation that will ‘Get it Done’ and will make the world ‘Always Moving’.”

Numeros Motors is actively expanding its sales and service network to enhance customer convenience. Currently, it is operating in 14 cities and the plan is to onboard at least 100 dealers in 50 cities by end of the FY 26-27.

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According to the draft red herring prospectus, the Initial Public Offering of the company consists of a Fresh Issue of equity shares aggregating up to Rs. 1000 crores and an Offer for Sale of up to 18,93,98,200 Equity Shares (18.9 crore shares) by the Selling Shareholders. Under the offer for sale component, Greaves Cotton Limited, the Promoter Selling Shareholder will divest 5.1 crore equity shares, and Abdul Latif Jameel Green Mobility Solutions DMCC, the Investor Selling Shareholder will divest 138,398,200 Equity Shares (13.8 crore shares).

The company, in consultation with the BRLMs, may consider a pre-IPO placement aggregating up to Rs. 200 crores before filing the Red Herring Prospectus. If the pre-IPO placement is completed, the fresh issue will be reduced to the extent of such pre-IPO placement.

Greaves Electric Mobility Limited (GEML) which was established in 2008 proposes to utilize the Net Proceeds of the Fresh Issue towards investment for product & technology development and enhancing capabilities at its Technology Centre in Bengaluru (Rs. 375.2 crores); development of in-house battery assembly capabilities (Rs. 82.9 crores); funding the expansion of the manufacturing capacity of Bestway Agencies Private Limited (wholly owned Material Subsidiary) (Rs. 19.8 crores); expansion of the financing of the manufacturing capacity of MLR Auto Limited (a Material Subsidiary) (Rs. 38.2 crores); increasing company’s stake in MLR through acquisitions (Rs. 73.6 crores); increase digitization and deployment of information technology infrastructure (Rs. 27.8 crores); funding inorganic growth through unidentified acquisitions and general corporate purposes.

GEML’s vehicle portfolio caters to a diverse customer base, with its offerings spanning E-2W across all three segments – High-Speed e-scooters, City Speed e-scooters, and Low-Speed e-scooters, with models for B2C and B2B use cases, and 3Ws which includes products across the entire spectrum of 3W mobility, which provides for electric three-wheelers, internal combustion engine three-wheelers (diesel or CNG) and e-rickshaws, with models for cargo and passenger use cases.

As of September 30, 2024, GEML operated three manufacturing facilities in strategic locations in Ranipet (Tamil Nadu), Greater Noida (Uttar Pradesh) and Toopran (Telangana). The company’s revenue from operations as of Fiscal 2024 was Rs. 611.8 crores and Rs. 302.2 crores for the six months ended September 30, 2024.

Motilal Oswal Investment Advisors Limited, IIFL Capital Services Limited, and JM Financial Limited are the book-running lead managers to the issue.

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MUMBAI: Wardwizard Innovations and Mobility Ltd. (BSE Code: 538970) one of India’s leading manufacturers of electric two-wheelers brand ‘Joy e-bike’, today announced a significant milestone of 18,600 bookings for its new high-speed electric scooter MIHOS. The company received a phenomenal response from customers in the duration of just 15 days starting from 22nd January 2023, since the ‘Bookings Open’ has been announced.

MIHOS, the most robust electric two-wheeler ever is a retro-styled electric scooter that was launched at the Auto Expo 2023 at ₹1.35 Lakh (Ex-showroom Price). The deliveries of MIHOS will begin from March 2023 in a phased manner across India. The Company has commenced the process of accepting bookings for the month of April 2023, which begins on 9th February 2023, Thursday. To make it more convenient for the customers, the company has decided to keep the booking amount at a nominal price of just Rs. 999/-.

Speaking on the bookings milestone, Mr. Yatin Gupte, Chairman & Managing Director, of Wardwizard Innovations & Mobility Ltd., said, “We received an overwhelming response for MIHOS at the Auto Expo 2023. This scooter brings a stronger version of electric vehicles with a new material, Dicyclopentadiene (DCPD). We are pleased by the high demand from our customers and are really excited for the delivery of MIHOS which is set to commence in March this year in a phased manner. We are further expanding our product portfolio to cater to the demand and meet the aspirations of customers. We are also making solid, result-oriented efforts to increase our market share in the EV space. We anticipate a strong sales rebound in the coming months for electric vehicles as the market is booming.“

Customers can book MIHOS Free of Cost from the company’s website www.joyebike.com/mihos/ as well as from the 600+ authorized dealership network across the country.

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