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Incorporated in 1980, Ravindra Energy Ltd is in the business of selling Solar Pumps, setting up Solar Generation Power Plant (Ground Mount & Rooftop) & generation and sale of Power
Ravindra Energy's associate, Energy in Motion, began commercial operations at India’s largest EV battery swapping & charging station for heavy vehicles at Nhava Sheva Port. It serves over 160 EVs daily with 3 MW capacity, boosting clean logistics & EV infrastructure.
Ravindra Energy's Q4 saw strong growth. Renewable energy operating capacity reached 228.9 MWp, with generation up significantly. EV business delivered 311 E-tractors, posting Q4 revenue of ₹101.1 Cr. It achieved TCO parity and expands network, though the company reported a Q4 loss of ₹9.06 Cr.
Ravindra Energy's associate, Energy in Motion, partnered with Drivn to deploy 1,000 heavy-duty electric trucks over two years. This collaboration, leveraging EIM's battery-swapping tech, integrates vehicle supply, financing, and energy solutions for fleet operators. Drivn recently secured US$ 80 million.
Ravindra Energy: 187 MW DC operating renewable assets, 60 MW DC under construction, 235 MW DC in pipeline. EV business expanded to 2 swap stations in Q3, 8 more planned. Secured 296 Cr from YES Bank. Q3 EV revenue: 34.76 Cr; PAT: -4.56 Cr.
Ravindra Energy maintains 187 MW DC operating capacity, with 60 MW DC under construction and 235 MW DC in pipeline. The EV business plans 8 new swap stations to support 275 vehicles, backed by ₹296 Cr credit and ₹32 Cr hedge from YES Bank. Q3 revenue was ₹34.76 Cr, with...