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Editorial Advisory Board

  • Professor Andrea M. Armani, University of Southern California
  • Ruti Ben-Shlomi, Ph.D., LightSolver
  • James Butler, Ph.D., Hamamatsu
  • Natalie Fardian-Melamed, Ph.D., Columbia University
  • Justin Sigley, Ph.D., AmeriCOM
  • Professor Birgit Stiller, Max Planck Institute for the Science of Light, and Leibniz University of Hannover
  • Professor Stephen Sweeney, University of Glasgow
  • Mohan Wang, Ph.D., University of Oxford
  • Professor Xuchen Wang, Harbin Engineering University
  • Professor Stefan Witte, Delft University of Technology

Indian EV Startup Nuvio Motors Initiates Strategic Restructuring Amid Funding Delays

Nuvio Motors has launched a major workforce optimization program at its Bengaluru facility, reducing staff by 1,200 employees, as part of strategic restructuring efforts. CEO Rajesh Gupta calls it a “temporary adjustment” as the company pursues fresh funding, regulatory relief, and potential strategic partnerships.

Bengaluru, India | August 13, 2025 – Nuvio Motors, a rising player in India’s electric vehicle sector, has announced a strategic restructuring program in response to financial headwinds and delayed investment inflows. The restructuring involves optimizing its workforce by approximately 95 percent, impacting 1,200 employees at its Bengaluru facility.

Executives emphasize that the measure is not a closure but a strategic adjustment to help the company stabilize operations during ongoing funding negotiations. Chief Executive Officer Rajesh Gupta described the move as a temporary step designed to safeguard long-term goals.

Funding Challenges Drive Optimization

The situation originated in April 2025, when Green Horizon Capital postponed a planned ₹1,500 crore (approximately $180 million) investment due to pending compliance reviews. This delay impacted the company’s ability to expand its NW6 SUV program as scheduled.

Industry sources confirmed that a European automotive group is reviewing Nuvio’s proprietary 800V battery platform, with interest in a potential acquisition or partnership. Gupta reassured the core team of retained employees that a phased relaunch remains targeted for early 2026.

Regulatory Measures Provide Stability

India’s National Renewable Energy Framework (NREF) has granted Nuvio temporary relief from creditor action for 120 days, valid until December 11, 2025. Analysts consider this window crucial for management to secure new financing or partnerships.

Recent Achievements Demonstrate Value

Despite restructuring, Nuvio Motors entered 2025 with notable milestones:

  • A partnership with Pune-based EvoVolt lowered battery production costs by 19 percent in Q1.
  • Secured half of Bengaluru’s 2,000-vehicle municipal EV fleet tender.
  • TÜV-certified chassis technology valued at $230 million, attracting global attention.

These achievements continue to draw interest from international firms seeking advanced EV technologies.

Outlook

Looking ahead, Nuvio Motors is evaluating multiple pathways, including foreign joint ventures, technology licensing, and access to India’s upcoming New Energy Vehicle (NEV) credit scheme.

While near-term adjustments have been challenging, executives remain confident that the company’s technology portfolio and regulatory reprieve will support long-term growth opportunities.

 

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Company Details

Organization: Hindustan Horizon News NetworkContact Person Name: Ms. Priya MehtaWebsite: https://www.hhnews.in/landerEmail: priya.mehta@hhnews.inCountry: India

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