Green Tiger Mobility Pvt. Ltd. Company Profile

Background

Company Overview

Green Tiger Mobility Pvt. Ltd., founded in 2020 by Ashish Dokania, is a Bengaluru-based company specializing in retrofitting conventional petrol two-wheelers into hybrid and fully electric vehicles. The company's mission is to drive the transformation toward green and affordable mobility in India and Southeast Asia by offering innovative and sustainable transportation solutions. Green Tiger Mobility aims to provide over 250 million petrol two-wheeler riders in India with the option to upgrade their scooters to independent hybrid or electric models, thereby promoting a reliable, smart, and eco-friendly riding experience.

Key Strategic Focus

Core Objectives and Specialization

Green Tiger Mobility focuses on:

Retrofitting Solutions: Converting existing petrol scooters into hybrid (i-Hybrid) and fully electric vehicles (EVs).

Component Development: Designing and developing essential EV components in-house, including battery packs, power electronics (Battery Management Systems, Vehicle Control Units, Telematics), and fleet analytics systems.

OEM Collaboration: Partnering with electric vehicle Original Equipment Manufacturers (OEMs) to supply high-quality e-mobility products.

Technologies Utilized

The company employs proprietary technologies such as:

i-Hybrid System: A world-first innovation enabling users to switch between electric and petrol power via a manual toggle, ensuring flexibility and reliability.

Battery Swapping Infrastructure: Collaborating with partners to provide extensive battery-swapping networks, addressing range anxiety and reducing charging times.

Primary Markets Targeted

Green Tiger Mobility primarily targets:

Urban Commuters: Offering affordable and sustainable mobility solutions for daily transportation needs.

Delivery Executives: Providing efficient and eco-friendly options for quick commerce delivery personnel.

Mass Market: Aiming to make EV conversion accessible to the broader population across India and Southeast Asia.

Financials and Funding

Funding History

Green Tiger Mobility is a self-funded (bootstrapped) company without external investments.

Financial Performance

For the financial year ending March 31, 2024, the company reported:

Total Revenue: ₹73,541,080.80, marking a significant increase from the previous year.

Profitability: A decrease of 54.51% in profit compared to the prior year.

Net Worth: An increase of 64.78%, indicating strong financial growth.

Pipeline Development

Key Products and Services

i-Hybrid Retrofit Kits: Enabling existing petrol scooters to operate in both electric and petrol modes.

Fully Electric Retrofit Kits: Converting petrol scooters into fully electric vehicles.

Battery Packs and Power Electronics: Supplying in-house developed components to EV OEMs.

Development Stages and Milestones

ARAI Certification: All retrofit solutions are approved by the Automotive Research Association of India (ARAI).

Market Expansion: Initially launched in Bengaluru, with plans to expand to Delhi NCR by May 2025 and nationwide within the next 12 to 15 months.

Technological Platform and Innovation

Proprietary Technologies

i-Hybrid System: Allows seamless switching between electric and petrol power, providing flexibility and reliability.

Battery Swapping Compatibility: Integration with extensive battery-swapping networks to enhance user convenience.

Scientific Methodologies

In-House Component Development: Design and development of critical EV components, ensuring quality and innovation.

Fleet Analytics System: Utilizing data analytics to optimize fleet performance and maintenance.

Leadership Team

Key Executives

Ashish Dokania: Founder and Director.

Swati Keshan Dokania: Director.

Vikas Bajaj: Nominee Director.

Competitor Profile

Market Insights and Dynamics

The Indian two-wheeler market comprises over 300 million petrol-powered vehicles, presenting a significant opportunity for electric conversion solutions. The push for sustainable transportation and government incentives are accelerating the adoption of electric vehicles.

Competitor Analysis

Yulu: Provides shared low-speed electric two-wheeler services across multiple Indian cities, focusing on urban mobility.

SUN Mobility: Offers battery-swapping technology and Battery-as-a-Service (BaaS) solutions, operating over 600 swapping points across India.

Strategic Collaborations and Partnerships

Indofast Energy Partnership

In April 2025, Green Tiger Mobility partnered with Indofast Energy to accelerate India's transition to electric mobility. This collaboration offers affordable retrofit solutions for existing petrol two-wheelers, integrating Green Tiger's ARAI-approved conversion kits with Indofast's extensive battery-swapping network. The service initially launched in Bengaluru, with plans to expand to Delhi NCR and nationwide within 12 to 15 months.

Operational Insights

Competitive Advantages

Unique i-Hybrid Technology: Offering both electric and petrol modes in a single vehicle, providing unmatched flexibility.

In-House Component Development: Ensuring quality control and innovation in critical EV components.

Strategic Partnerships: Collaborations with industry leaders to enhance service offerings and market reach.

Strategic Opportunities and Future Directions

Expansion Plans

Geographical Growth: Extending services beyond Bengaluru to major metropolitan areas and eventually nationwide.

Product Diversification: Developing new retrofit solutions and EV components to cater to a broader market.

Enhanced Infrastructure: Strengthening battery-swapping networks and charging infrastructure through strategic partnerships.

Market Positioning

By leveraging its proprietary technologies, in-house component development, and strategic collaborations, Green Tiger Mobility is well-positioned to lead the retrofitting segment of the electric vehicle market in India and Southeast Asia.