Konwert India Motors

What Konwert India Motors does

Konwert India Motors Pvt Ltd is an Indian electric vehicle retrofit manufacturer based in Coimbatore, Tamil Nadu, founded in 2019. The company converts existing internal combustion engine (ICE) auto rickshaws into electric vehicles using ARAI-certified high-voltage retrofit kits, rather than selling new electric vehicles. Its core product line comprises two models: the KIM JET 180 (76.8V LFP battery, 180 km range, 42% gradeability, 60-minute DC fast charging, ₹2.25 lakh) and the KIM DHOOR 120 (72V NMC battery, 120 km range, ₹1.75 lakh). Underlying technology centers on a proprietary 76.8V high-voltage architecture (versus the industry-standard 48V) that delivers higher energy density, a magnetless SYNRM motor, Smart BMS with OTA update capability, and IP67 flood-rated battery packaging validated for 500 mm wading depth.

The business operates across three primary customer segments: individual auto rickshaw drivers (India's informal mobility workforce), fleet operators and auto unions requiring bulk electrification, and government/institutional buyers such as EESL. Revenue is generated through three streams: one-time retail sales of retrofit kits (₹1.75–2.25 lakh), a battery leasing subscription bundled with EMI payments, and facilitation fees from partner NBFC financing arrangements offering zero-downpayment and daily/weekly/monthly EMI options from ₹150/day. Distribution relies on a flagship partnership with myTVS (800+ service centers nationwide), direct website/field sales, and institutional validation through partnerships with ARAI, MeitY SAMRIDH, IIM Ahmedabad CIIE.CO, EESL, and Ashok Leyland. The company claims a 10+ country, 3-continent global deployment footprint and a project pipeline of 1.5 million+ drivers and 42 million+ tonnes of emissions reduction, though website counters currently show zero units electrified, indicating commercial deployment remains in early stages.

Name

Konwert India Motors

Legal name

Konwert India Motors Pvt Ltd

Website

https://konwertindiamotors.com

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

1–10 employees

Short description

Konwert India Motors manufactures ARAI-certified high-voltage electric retrofit kits that convert existing ICE auto rickshaws into electric vehicles, targeting individual drivers, fleet operators, and government buyers in India.

Ownership category

akta.pro rank

Product category

Electric Vehicle Retrofit Kits

NAICS

Motor Vehicle Transmission and Power Train Parts Manufacturing (33635)

SIC

Motors & Generators (3621)

akta.pro industry

PRIMARYTLAKAMAK

EV Retrofit & Electrification Conversions (Fleet/Commercial)

Transportation & Logistics/Vehicle & Equipment Maintenance, Repair & Services (MRO)/Battery, EV Charging & Electrification Service (EV/Hybrid)

SECONDARYTLAKALAM

Starter, Alternator & Motor/Generator Rebuild/Remanufacturing

Transportation & Logistics/Vehicle & Equipment Maintenance, Repair & Services (MRO)/Powertrain, Engine & Component Rebuild/Remanufacturing

Keywords

• Electric vehicle retrofit
• Auto rickshaw conversion
• Battery leasing
• High-voltage powertrain
• ARAI certified kits

Headquarters

HQ city

Coimbatore

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Technology or R&D, Operations, Marketing or Sales, Personnel, Infrastructure

Revenue model

1. Electric Retrofit Kit Sales: One-time sale of electric retrofit conversion kits to auto rickshaw drivers and fleet operators. Two product tiers: KIM JET 180 at ₹2.25 lakh (76.8V LFP, 180km range) and KIM DHOOR 120 at ₹1.75 lakh (72V NMC, 120km range). Both kits include ARAI certification and professional installation. Revenue is one-time, upfront, driven by dealer/field sales and online inquiries.
2. Battery Leasing: Monthly battery leasing program allowing drivers to avoid upfront battery purchase. Monthly lease fees are bundled with EMI payments. The model cuts retrofit entry cost by up to 45% and is particularly targeted at gig workers and union fleets. Smart BMS tracks usage and enables remote health monitoring as part of the service.
3. NBFC Financing Partnership Revenue Share: Revenue generated through financing arrangements with partner NBFCs. Konwert enables 100% financing for the retrofit kit via partner NBFCs, with flexible repayment plans (daily, weekly, or monthly EMIs starting from ₹150/day). The company earns revenue through this financing facilitation arrangement.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Konwert India Motors designs, manufactures, and installs ARAI-certified electric retrofit kits that convert existing internal combustion engine (ICE) auto rickshaws into electric vehicles. The company offers two product lines — the KIM JET 180 (76.8V LFP, 180 km range) and the KIM DHOOR 120 (72V NMC, 120 km range) — installed in under 99 minutes at myTVS service centers, with financing facilitated through NBFC partners and optional battery leasing.

Product overview

Konwert India Motors offers an electric vehicle retrofit solution portfolio centered on converting existing ICE auto rickshaws into high-performance electric vehicles. The core product line includes two retrofitted e-auto models: the premium KIM JET 180 (₹2.25 Lakh) featuring 76.8V LFP battery with 180 km range and 42% gradeability, and the cost-efficient KIM DHOOR 120 (₹1.75 Lakh) with 72V NMC battery and 120 km range. Supporting these products are the TurboPower E-Charging system (10kW DC fast charging with 20,000+ station network access), Battery Leasing (reducing entry cost by 45%), and a 7-sub-assembly retrofit kit enabling complete 99-minute ICE-to-electric conversion. All products are ARAI certified and supported by flexible financing options including zero downpayment and daily/weekly/monthly EMI plans.

Differentiator

Problem solved

Functional benefit

Products and services

• KIM JET 180 India's advanced high-voltage retrofitted e-auto rickshaw targeted at auto rickshaw drivers and fleet operators seeking a 180 km range EV conversion with fast-charging capability.
• KIM DHOOR 120 Cost-efficient ARAI-certified retrofitted e-auto rickshaw targeted at price-sensitive auto rickshaw drivers needing home-charging capability.
• TurboPower E-Charging 10kW DC fast-charging solution enabling KIM JET 180 operators to charge across India's existing EV charging network.
• Battery Leasing Subscription-based battery leasing program allowing drivers to acquire the retrofit kit without purchasing the battery outright, reducing entry cost.

Quantifiable outcome

• Driver operating cost reduction of 30–35%
• +7 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Six partnerships are on record, tiered core and flagship.

• myTVScoreChannel Partner/ Reseller/ DistributormyTVS is the Official Retrofit Partner of Konwert India Motors, providing installation services through 800+ service centers nationwide. The partnership enables a seamless booking-to-delivery experience: the driver books the retrofit, myTVS garage performs the 99-minute installation, and the driver receives an electric vehicle ready for the road. myTVS's SLA-enabled quality standards and certified technician workforce ensure consistent installation quality across all centers. Authorized installation centers are currently operational in Bangalore.
• ARAI (Automotive Research Association of India)coreTechnology or IntegrationARAI provides mandatory certification for Konwert's retrofit kits (KIM JET 180 and KIM DHOOR 120), enabling legal re-registration and insurance for retrofitted vehicles under India's Electric Propulsion Kit Regulations and MoRTH guidelines. ARAI certification is a key regulatory prerequisite for commercial deployment.
• MeitY (SAMRIDH)flagshipStrategic or Co-development PartnerMeitY (Ministry of Electronics and Information Technology) SAMRIDH program supports startups and innovators in India's electronics and EV ecosystem. Konwert's association with MeitY SAMRIDH provides institutional backing, validation, and potential government program access for its retrofit technology.
• IIM Ahmedabad (CIIE.CO)flagshipStrategic or Co-development PartnerCIIE.CO is the incubator at IIM Ahmedabad, one of India's premier business schools. As a trusted institutional partner, CIIE.CO provides strategic mentorship, ecosystem access, and validation that supports Konwert's credibility with investors, government bodies, and enterprise customers.
• EESL (Energy Efficiency Services Limited)flagshipStrategic or Co-development PartnerEESL is a joint venture of public sector undertakings under India's Ministry of Power, focused on energy efficiency and EV adoption. Konwert's partnership with EESL provides access to large-scale government fleet electrification programs and institutional validation.
• Ashok LeylandflagshipStrategic or Co-development PartnerAshok Leyland, one of India's largest commercial vehicle manufacturers, is listed among Konwert's trusted institutional partners. The relationship provides validation from a major automotive OEM and potential synergies in commercial vehicle electrification and fleet programs.

Scale indicators8 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Bajaj Auto: Manufacturer of the RE E-TEC electric auto rickshaw (₹3.79L) and the dominant ICE 3W OEM in India. Directly competes with Konwert for the same auto rickshaw driver customer base, but sells new vehicles rather than retrofit kits; Konwert's value proposition is explicitly benchmarked against Bajaj in its own comparison table.
• Mahindra Electric: Produces the e-Treo electric three-wheeler (₹3.86L) targeting passenger and cargo segments. Competes head-to-head with Konwert in the same price-sensitive commercial 3W market, leveraging Mahindra's OEM scale, dealer network, and FAME-II subsidy capture.
• Piaggio Vehicles: Manufactures the Ape E-City electric auto rickshaw (₹3.00L), one of Konwert's named competitors in its pricing comparison. Targets the same urban passenger 3W segment with established dealer and service infrastructure.
• Altigreen Propulsion Labs: Indian EV startup focused on commercial last-mile mobility with a portfolio of electric three- and four-wheelers. Targets a similar driver and small fleet operator customer base, though it sells new vehicles rather than ICE-to-EV retrofit kits.
• Euler Motors: Backed by Blume Ventures and institutional investors, Euler produces the HiLoad EV for cargo 3W fleets. Competes with Konwert's planned LCV/HCV retrofit categories for commercial fleet electrification budgets.
• Greaves Cotton (Ampere Electric Mobility): Ampere is the EV arm of Greaves Cotton and produces electric two- and three-wheelers for Indian commercial and personal mobility. Overlaps with Konwert on the commercial passenger and cargo 3W segments with similar cost-conscious customer profiles.
• Kinetic Green Energy & Power Solutions: Indian electric three-wheeler OEM producing passenger and cargo EVs under the Kinetic brand. Directly competes with Konwert for the same auto rickshaw and last-mile commercial vehicle market at comparable price points.

Others

• SUN Mobility: Provider of battery-swapping and charging-as-a-service infrastructure for electric two- and three-wheelers in India. Complementary rather than competitive - Konwert's battery leasing model touches similar EV energy economics, and SUN Mobility's network could potentially serve Konwert's deployed fleet.

Broad incumbents

• Hero Electric: One of India's largest electric two-wheeler manufacturers with growing three-wheeler ambitions. While currently focused on 2W, its scale, dealer reach, and brand trust make it a credible adjacent competitor if it expands deeper into commercial 3W EVs.
• Ashok Leyland: One of India's largest commercial vehicle OEMs and a named institutional partner of Konwert. Overlaps on the LCV/HCV side of Konwert's planned platform expansion, and the partnership suggests potential strategic alignment in commercial fleet electrification.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/konwert-india-motors

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Konwert India Motors