[TusharK]

Kinetic Green Energy & Power Solutions - a Kinetic Group company has signed a memorandum of understanding (MoU) with Tonino Lamborghini to set up a joint venture (JV) company in Maharashtra for designing and manufacturing golf carts and other electric off-road vehicles.



Under the MoU, the JV will use the "Tonino Lamborghini" brand name. Both companies will leverage the existing sales networks and marketing channels to promote their products in India and abroad. The JV company will also use Kinetic Green's existing R&D and manufacturing facilities.



Kinetic Green is looking to tap into the global market for high-end golf carts and off-road electric vehicles. According to the company, the golf cart segment is witnessing a compound annual growth rate (CAGR) of 7.5% and currently has a global market size of 3,00,000 units. North America and Europe are the largest markets for such vehicles.

Link to Team-BHP News

[volkman10]

Yulu Bikes files trademark infringement lawsuit against Kinetic Green Energy.

The lawsuit, which is currently being argued at a commercial court in Bengaluru, comes against the backdrop of Pune-based Kinetic Green Energy launching its Zulu-branded electric scooters in mid-December 2023, the deliveries for which were expected to start in the beginning of 2024.

The legal battle began in late January when Yulu filed a case with a city civil and sessions court, accusing Kinetic Green of infringing on its trademark with the launch of their "Zulu" branded e-scooters. Yulu sought an ex-parte ad-interim injunction.

It means a temporary restraining order, in which a court issues orders quickly and without hearing from the other side (ex parte) in a legal dispute. It's like putting a temporary pause on something until a full hearing can be held.

While the lower court denied the initial injunction request, it allowed Kinetic Green to present their arguments. Unsatisfied with the development, Yulu Bikes went to appeal against the order in Karanata High Court.

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