PUNE: Reinforcing its leadership, Kinetic Green, India’s premier Electric two and three-wheeler manufacturer, has today detailed an aggressive growth roadmap for its electric two-wheeler business. Bolstered by the resounding success of its iconic E-Luna, launched a year ago, the company is now gearing up to launch three high-performance Born-Electric scooters over the next 18 months, poised to blend global design finesse with robust Indian engineering.

The first model in this exciting new expansion is a premium, stylish, and tech-forward family scooter, set to launch before the 2025 festive season. With a host of state-of-the-art features, the E2W is thoughtfully designed to blend timeless retro aesthetics with ultimate convenience for the users. It will be equipped with a vibrant TFT display, advanced IoT capabilities, and an intelligent digital platform co-developed with Jio Things, ensuring a connected and seamless riding experience. Offered in multiple battery variants and backed by fast-charging technology, this E-scooter is thoughtfully designed to meet a wide range of consumer preferences and budget segments.

Taking its design game a notch higher, Kinetic Green has partnered with Torino Design, the legendary global design house based in Italy, to co-create a new range of ultra-futuristic scooters. These next-generation models will feature radical styling based on the Born Electric design philosophy, signalling a new direction in mobility design and lifestyle. The design language is intended to create a disruptive elegance and be trend-setting and youthful.

At the same time, the vehicle engineering and detailing will be based on a unique philosophy coined by the company as “Thoughtful Engineering.” This philosophy ensures a synergy of intelligent design, advanced IoT-based connectivity, and various features aimed at ultimate comfort, convenience, and safety, creating a new benchmark in electric mobility. At the heart of this vision lies the unparalleled legacy of Kinetic Group, which has shaped the evolution of scooters in India for decades. Kinetic Green is drawing on its rich heritage and deep consumer insights to develop products that not only elevate design but also redefine utility and performance in the era of electric mobility. The E-scooters being designed in partnership with Torino Design are expected to hit the market next year.

Speaking on the announcement, Dr Sulajja Firodia Motwani, Founder and CEO of Kinetic Green, said: ” We are truly excited about our upcoming range of Born-Electric scooters from the house of Kinetic Green. With over a decade of experience in the EV space, we have built deep expertise in electric mobility design and engineering, backed by robust EV R&D and strategic partnerships for fast charging, battery swapping, and proprietary software-driven platform solutions.  We are greatly enthused by the success of our E-Luna and E-scooters recently launched in India. Having sold over 80,000 E2Ws in this initial phase, created a strong manufacturing infrastructure and a network of 400 exclusive dealers for E2W in the country, we are ready to aggressively expand our E2W business. Now, with our design alliance with Torino Design of Italy, a global leader in design and engineering, we aim to redefine electric scooters in the coming months. With a foundation built on ‘Thoughtful Engineering,’ our upcoming scooters will sport a fresh and futuristic styling language, incorporating innovation and a purpose to offer a delightful ownership experience to our customers.”

Kinetic Green has been at the forefront of India’s electric vehicle revolution. It began its EV journey in 2016 with a range of “Make in India” electric three-wheelers.  In 2022, Kinetic Green entered the two-wheeler space and launched its iconic E-Luna in 2024. The E-Luna has seen remarkable success across both B2C and B2B segments, standing out as the only EV suited for both personal and commercial use, across urban and rural India. Encouraged by this response, Kinetic Green is now on an ambitious path to expand its electric two-wheeler portfolio blending its rich legacy with future-ready innovation, design, and technology.

The move by Kinetic Green of an aggressive expansion of the E2W business comes at the right time, when the country is witnessing increasing adoption of electric scooters. During 2024-25, 1.15Mn E2W were sold in India, 1.03Mn (~90%) of them were E-scooters. The E-scooter market is expected to scale rapidly in India over the next 5 years, with increased E-scooter penetration expected to grow from 15% to 70%*. It is expected that by 2030, the size of the E-scooter market in India will be Rs. 40,000 Crores. Kinetic Green is well-positionedKinetic Green Accelerates Growth in E2W Sector with New Born Electric Scooter Lineup to tap this opportunity with its EV R&D and engineering expertise, deep insights into Indian EV consumers, a strong manufacturing and supply chain ecosystem, the well-regarded Kinetic Green legacy brand, and a nationwide dealership network. The differentiated E-Luna, along with the range of E-scooters, will position the company to tap into this opportunity comprehensively and aggressively.

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Under the theme “Diversifying Economies, Enriching Lives” PSF 2025 aims to reinforce the pivotal role of the private sector in fostering sustainable economic growth, enhancing trade and investment flows, and unlocking opportunities for strategic partnerships across the IsDB member countries. The forum will provide an exclusive platform for key stakeholders to explore new business opportunities, exchange knowledge, and strengthen regional and international economic cooperation.

PSF 2025 will promote investment and trade by highlighting emerging opportunities in key sectors such as infrastructure, energy, technology, healthcare, and finance while facilitating cross-border investments and trade.  The forum will enhance public-private partnerships by strengthening collaboration between governments and private enterprises to drive economic diversification and sustainable development. It will also empower entrepreneurs and startups by providing a dedicated platform to support innovative startups and SMEs through networking, capacity-building, and funding opportunities.  Additionally, it will facilitate business networking by organizing B2B and B2G meetings, fostering strategic alliances between businesses, investors, policymakers, and financial institutions.  Finally, it will showcase success stories and best practices by sharing real-world insights from industry leaders and experts to inspire growth, resilience, and transformation within member economies.

The event is expected to attract over 1,500 participants, including high-level government officials, chairpersons, presidents, and CEOs of leading local and international companies, multilateral development institutions, chambers of commerce and industry, business associations, investment promotion agencies, individual investors, and entrepreneurs.

In addition to insightful panel discussions and keynote speeches, PSF 2025 will feature a dedicated exhibition where partners can showcase their projects, services, and investment opportunities. It will include a startup competition designed to foster innovation and highlight groundbreaking business ideas. For the third time, the event will introduce the IsDB Group recognition awards, honoring distinguished organizations and individuals for their contributions to economic development and trade facilitation.

The forum will welcome prominent speakers, including the Chief Executive Officers of the IsDB Group entities, Dr. Khalid Khalafalla, CEO of ICIEC and Acting CEO of ICD, and Eng. Adeeb Al Aama, CEO of ITFC. These leaders, along with industry experts, will share success stories, experiences, and best practices to further strengthen investment and trade across the IsDB member countries.

For further details, please visit the event’s official website: www.isdbg-psf.org

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Kristalina Georgieva, IMF Managing Director, speech extract “It’s a pleasure to be in Singapore again. And it’s an honor to join you this morning at this impressive forum to take stock of how far we’ve come and set the course for the future.

There is no better place to look into this future than Singapore — a place where fintech flourishes and where this festival brings the unlimited energy of fintech enthusiasts.

FinTech innovation has already been transformative — and will continue to be so — changing the world of finance and making it much more accessible to hundreds of millions of businesses and people who used to be cut off from it.

I am proud the IMF is part of this great community and that I am with you today. I come in the footsteps of my predecessor, Christine Lagarde, who five years ago gave a speech here encouraging policymakers to follow the “winds of change,” and embark on a digital money voyage by exploring the use of central bank digital currencies, or CBDCs, and fintech.

Five years on, I’m here to provide an update on that voyage. I have four main messages. First, countries did set sail. Many are investigating CBDCs and are developing regulations to guide digital money developments. Second, we have not yet reached land. There is so much more space for innovation and so much uncertainty over use cases. Third, this is not the time to turn back. The public sector should keep preparing to deploy CBDCs and related payment platforms in the future. Fourth, these platforms should be designed from the start to facilitate cross-border payments, including with CBDCs.

We’ve left port and are now on the high seas. This calls for courage and determination. We can learn from you: entrepreneurs, business leaders, and investors. You are a sailor in the world of fintech. Every day you brave the open waters. Waves and winds are your inspiration.

If anything, we need to raise another sail to pick up speed. The world is changing faster than most imagined. Just take artificial intelligence – a key theme of this festival. Look at the number of months before various applications reached 100 million users. The average is 3 years. It took ChatGPT 2 months!“

Georgieva urged the public sector to continue preparing to deploy CBDCs and related payment platforms in the future, designed to facilitate cross-border payments, including with CBDCs. She also stressed the importance of collaboration across international institutions, central banks, and ministries of finance to guide the desirable properties of cross-border platforms from a policy standpoint.

Georgieva announced the launch of a CBDC Handbook on the IMF website, intended to collect and share knowledge on CBDCs for policymakers around the world. She also highlighted the potential benefits of AI in amplifying the benefits of CBDCs, improving financial inclusion, and providing personalized support to people with low financial literacy.

Georgieva concluded her speech by urging the fintech community to continue sailing together on the digital finance voyage, with the potential payoff of a more inclusive international financial system that meets future needs.

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