Motovolt, one of India’s e-mobility brands, has claimed to become the first Indian EV start-up to have undertaken a strategic merger and acquisition with a German electric two-wheeler OEM, eROCKIT AG. 

The development marks Motovolt’s first step towards expanding its footprint globally for the sales and distribution of its electric mobility solutions. The initial investment of one million Euros is aimed at strengthening the product development and production of eROCKIT’s  premium models at their manufacturing site in Berlin, Germany. 

The company has claimed that the deal is also a push toward Indo-German trade and collaboration in the EV sector. 

Speaking about this, Tushar Choudhary, founder and CEO of  Motovolt, said, “The deal with eROCKIT is going to make a major impact on the Indian markets and transform the two-wheeler segment. Our aim is to benefit from eROCKIT’s know-how to develop relevant product solutions for Indian consumers." 

Adding further, Andreas Zurwehme, Chairman of eROCKIT AG said"I am pleased to have Motovolt as a strong shareholder in the company. The investment accelerates eROCKIT's expansion plans as a vehicle manufacturer and technology provider. It's a strong signal for our shareholders. We are open to further investors."