A-1 Sureja Industries has received two orders to supply 1,425 units of low-speed .
The first purchase order has been received from Zipnova Enterprise LLP, Ahmedabad for the supply of 525 low-speed electric motorcycles and another 900 low-speed electric vehicle to Aayushman Engineering, Noida (Uttar Pradesh).
The orders further strengthen the order book of A-1 Sureja Industries and underscore the growing market acceptance of its electric vehicle offerings, particularly in the affordable and low-speed EV segment.
With increasing traction in electric mobility, the Company remains focused on scaling its EV business through timely execution, expansion of distribution reach, and continued product innovation.
A-1 recently increased existing shareholding in A-1 Sureja industries from 45 per cent to 51 per cent at an enterprise value of Rs 100 crore.
The company is also considering expansion of operations of the company’s subsidiary, A-1 Sureja Industries, into manufacturing and distribution of EV and allied clean mobility fields, including R&D, EV component manufacturing, and smart charging infrastructure.
A-1 Sureja Industries is a manufacturer of battery-operated two-wheelers under the brand Hurry-E.
Last November, Mauritius-based, Minerva Ventures Fund bought 66,500 equity shares of A-1 Ltd at Rs 1,655 per share as per the bulk deal data available on BSE.
Shares of the company were up 5 per cent at ₹33.60 at 2.15 pm on Monday.