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EV91 revs up Delhi streets with electric fleet and gender-first last-mile delivery push
MUMBAI: Delhi just got a jolt of clean energy, with wheels that mean business. Ev91technologies, one of India’s fastest-scaling electric mobility startups, officially rolled out its flagship electric two-wheeler operations fleet in the capital on 23 June 2025, setting its sights on both sustainable transport and urban employment equity.
The new centre in Delhi-NCR comes equipped with tools for real-time diagnostics, battery testing, servicing, and spare part replacements. The facility aims to offer dependable post-sales support for the startup’s growing fleet of electric vehicles and their delivery partners.
“Delhi is a crucial market for the EV transition, and this new centre is designed to support our customers with fast, reliable, and professional service. Our aim is to not only provide exceptional vehicles but also ensure an effortless post-sales experience that builds long-term trust”, said Ev91technologies founder & CEO Arun Kumar.
The leadership team—including Manoj Kumar (COO), Lalith Kumar (CBO), and Umesh S K (CFO)—brings a unified vision of cleaner roads and wider access to electric mobility across India. Their strategy includes not just asset deployment but creating livelihoods powered by green tech.
Industry partners present at the launch included Vaibhav Sarda from Stride, Rishabh Deo from Gogoro, Jyotir Jain from BizDateUp, and Partha Pratim from MotoVolt—signalling strong cross-sector alignment in finance, mobility, and startup innovation.
In a bold social impact move, EV91 is partnering with Zepto, Big Basket, Flipkart Minutes, and Apollo to provide two-wheelers on a rental model to gig workers unable to afford their own vehicles. The result? A scalable solution that helps riders earn while pushing India’s EV transition forward.
Women riders are firmly in focus too. EV91 is already collaborating with Rapido Pink to promote women-led fleet operations. The company plans to scale up to over 5,000 vehicles in the coming months, with 1,000 earmarked for female riders.
“Our commitment remains clear — to create dignified, green, and scalable employment for underserved women across urban India”, said Kumar.
From buzz to business, EV91Technologies appears to be wiring its growth model not just with batteries and bytes, but with purpose. Delhi, clearly, is only the first stop.
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YES Bank hands the keys to SBI veteran Vinay Tonse as it bets on a new era
Former SBI managing director appointed as YES Bank’s new MD and CEO
MUMBAI: YES Bank is done rebuilding. Now it wants to grow. The private sector lender has appointed Vinay Muralidhar Tonse as managing director and chief executive officer-designate, with RBI approval secured and a start date of April 6, 2026 confirmed. The three-year term signals the bank’s intent to shift gears from crisis recovery to full-throttle expansion.
Tonse, 60, is no stranger to scale. Most recently managing director at State Bank of India, he oversaw a retail book of roughly $800bn in deposits and advances, one of the largest in the country. Before that, he ran SBI Mutual Fund from August 2020 to December 2022, a stint that saw assets under management surge from Rs 4.32 lakh crore to Rs 7.32 lakh crore across market cycles. Add stints in Singapore and four years leading SBI’s overseas operations in Osaka, and the incoming chief arrives with a genuinely global CV.
His academic grounding is equally solid: a commerce degree from St Joseph’s College of Commerce, Bengaluru, and a master’s in commerce from Bangalore University.
The appointment follows an extensive search and evaluation process by the bank’s Nomination and Remuneration Committee. NRC chairperson Nandita Gurjar said the committee unanimously backed Tonse, citing his leadership track record, governance credentials and ability to drive the bank’s next phase of transformation.
Non-executive chairman Rama Subramaniam Gandhi was unequivocal. “I am certain that Vinay Tonse, with his vast experience as a senior banker, will propel YES Bank to its next phase of growth,” Gandhi said, adding that the bank remains focused on strengthening its retail and corporate banking franchises and expanding its branch network.
Rajeev Kannan, non-executive director and senior executive at Sumitomo Mitsui Banking Corporation, the bank’s largest shareholder, said Tonse’s experience across retail, corporate banking, global markets and asset management positioned him well to lead the lender. SMBC said it looks forward to working with Tonse and the board as YES Bank pursues its ambition of becoming a top-tier private sector lender anchored in strong governance and sustainable growth.
Tonse succeeds Prashant Kumar, who took the helm in March 2020 when YES Bank was in freefall following a severe financial crisis, and spent six years painstakingly stabilising the institution, rebuilding governance and restoring operational scale. Gandhi was generous: “The bank remains indebted to Prashant Kumar, who is responsible for much of what a strong financial powerhouse YES Bank is today.”
Tonse, for his part, struck a purposeful note. “Together with the board and my colleagues, I remain deeply committed to creating long-term value for all our stakeholders,” he said, pledging to build on Kumar’s foundation guided by his personal motto: Make A Difference.
Beyond the balance sheet, Tonse played cricket at college and club level and represented Karnataka in archery at the national championships — sports he credits with teaching him teamwork, situational leadership, discipline and focus. In quieter moments, he reaches for retro Kannada music, classic Hindi songs, and the crooning of Engelbert Humperdinck, Mukesh and Kishore Kumar.
YES Bank has its steady-handed rebuilder in Kumar to thank for survival. Now it has a scale-obsessed growth banker at the wheel. The next chapter starts April 6.
