# Energy In Motion Opens Pune Electric Truck Plant Ahead of Merger With Ravindra Energy

- URL: https://stocks.freetheai.org/news/energy-in-motion-opens-pune-electric-truck-plant-ahead-of-merger-with-ravindra-4b77e3
- Published: 2026-10-13T11:21:30Z
- Category: mergers; sentiment: bullish; impact: high
- Symbols: [NSE:RELTD](https://stocks.freetheai.org/symbols/NSE-RELTD)
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Energy In Motion Ltd. is opening new vehicle and battery plants in Talegaon, near Pune, on October 14 as part of a 1,000 crore rupee regional investment. This rollout supports a wider 4,000 crore rupee strategy to shift heavy freight from diesel to electric power. At the same time, the company is preparing for an all-share merger with listed Ravindra Energy Ltd. (NSE:RELTD), under which EIM shareholders will receive 209 Ravindra Energy shares for every 100 shares they own.

Combining these operations under one listed entity aims to make electric freight commercially viable. The Talegaon facility can produce 5,000 heavy commercial vehicles per shift each year alongside a 2.4 GWh battery assembly line. EIM's battery subscription model allows fleet operators to buy trucks without battery packs, lowering upfront purchase costs by up to 40 percent while creating recurring revenue from charging and swapping services.

Looking ahead, stakeholders should watch for regulatory and shareholder approvals on the deal, which will increase combined promoter holding to 74.54 percent and rename the merged company Energy In Motion. Progress on capital raising will also be crucial, as EIM expects to require 800 to 1,000 crore rupees in additional equity over three years to expand its network from eight swapping stations to 40 by March 2027.

## Key points

- Energy In Motion is opening manufacturing plants in Talegaon, Pune, with annual capacities of 5,000 vehicles per shift and 2.4 GWh of batteries.
- Ravindra Energy Ltd. approved an all-share merger offering 209 of its shares for every 100 shares of Energy In Motion.
- The company's battery subscription model lowers upfront truck acquisition costs for fleet operators by up to 40 percent.
- Energy In Motion plans to expand its network from eight battery-swapping stations to 40 stations by March 2027.
- The expansion requires an estimated 800 to 1,000 crore rupees in new equity funding over the next three years.

## Questions and answers

### What is the share swap ratio for the Ravindra Energy and EIM merger?

Eligible Energy In Motion shareholders will receive 209 Ravindra Energy Ltd. shares for every 100 shares held. Ravindra Energy's existing 49.54 percent stake in EIM will be canceled upon completion.

### How does Energy In Motion reduce upfront costs for electric trucks?

Through its battery subscription model, fleet owners can purchase electric trucks without the battery pack. This separates battery ownership from the vehicle and cuts initial acquisition costs by up to 40 percent.

### What is the production capacity of the new Talegaon manufacturing plant?

The Talegaon vehicle manufacturing facility can produce 5,000 heavy commercial vehicles per shift annually, while the adjacent battery assembly plant has an annual capacity of up to 2.4 GWh.