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Refex Industries’ arm enters into strategic tie-up with Gensol Engineering

16 Jan 2025 Evaluate

Refex Industries’ subsidiary -- Refex Green Mobility (Refex eVeelz) has entered into a strategic tie-up with Gensol Engineering to acquire 2,997 electric four-wheelers (e4Ws). This step is a significant one towards strengthening sustainable mobility solutions in India. 

This strategic tie-up will involve Refex eVeelz assuming Gensol Engineering’s existing loan facility amounting to nearly Rs 315 crore, streamlining operations, and enhancing the deployment of e4Ws across key markets, including Chennai, Bengaluru, Hyderabad, Mumbai, and Pune where Refex eVeelz currently operates.

Refex eVeelz subsequently proposes to lease these said 2,997 vehicles to Blu-Smart Mobility, a leading electric mobility platform, ensuring seamless continuity and growth in the electric mobility sector at Delhi NCR & Bengaluru. 

Refex Industries (RIL) is a specialist manufacturer and re-filler of Refrigerant gases in India, particularly, environmentally acceptable gases that are replacements for Chloro-fluoro-carbons (CFC’s).


Refex Industries Share Price

290.50 0.85 (0.29%)
28-Aug-2026 12:19 View Price Chart
Peers
Company Name CMP
VA Tech Wabag 2077.80
ION Exchage 373.05
Refex Industries 290.50
Antony WasteHandling 387.00
Race Eco Chain 102.20
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