Reliance Infrastructure Limited has announced the incorporation of two new subsidiaries under its wholly owned subsidiary, Reliance Velocity Limited (RVL). The newly formed entities, Reliance Perfect EV Private Limited and Reliance Pure EV Private Limited, mark a significant step forward in the company’s ambition to strengthen its foothold in the electric vehicle (EV) and sustainable mobility industry.
The primary objective of these subsidiaries is to manufacture and deal in vehicles and components catering to diverse transport and conveyance needs. This includes a focus on leveraging various fuel types, with an emphasis on cleaner, electric energy. Both entities aim to contribute to the evolution of India’s EV ecosystem, which is seeing robust growth and government support.
According to the disclosure, the authorized and paid-up share capital for each of the new companies stands at ₹1,00,000, divided into 10,000 equity shares of ₹10 each. Reliance Velocity Limited holds 100% ownership of both subsidiaries, ensuring complete control by Reliance Infrastructure.
Reliance Perfect EV Private Limited was incorporated on November 28, 2024, while Reliance Pure EV Private Limited followed on November 29, 2024. Both companies are yet to commence business operations, positioning them to actively contribute to Reliance Infrastructure’s strategic expansion in the automotive and EV domain.
This development reflects Reliance Infrastructure’s commitment to fostering sustainable mobility solutions and advancing its position in the evolving EV market in India.
