Mumbai, March 11 -- Pune-based Kinetic Engineering (KEL) has announced an infusion of INR 400 million from its promoter group. The capital, raised through the conversion of warrants, increases promoter shareholding to 65 percent, up from 49 percent four years ago.

The funds are intended to strengthen the company's balance sheet and support expansion across its electric vehicle (EV) and automotive component businesses. KEL is currently increasing its presence in battery systems, precision engineering and components for global original equipment manufacturers (OEMs).

A portion of the capital will support Kinetic Watts and Volts, a subsidiary in which KEL holds an 80 percent stake. This subsidiary recently launched the electric version of ...