Numeros Motors Names Arun Srivastava as CEO to Drive Its Next Phase of EV Growth

Introduction

India's electric two-wheeler market is moving fast — and the companies that will lead it through the next five years are not necessarily the ones that made the most noise in the last five. They are the ones quietly building the right foundations: reliable products, scalable operations, and leadership with the experience to convert early momentum into lasting market presence. Numeros Motors, the Bengaluru-based EV manufacturer, has just made a significant leadership move that signals exactly this kind of strategic maturity. The appointment of Arun Srivastava as Chief Executive Officer marks the company's formal transition from foundation-building to full-scale growth execution.

What Just Happened

Numeros Motors has appointed Arun Srivastava as its new Chief Executive Officer, with effect from 2nd April 2026. Srivastava steps into the role previously held by Shreyas Shibulal, who founded the company and will continue as a Member of the Board — maintaining close involvement in strategic direction and expansion planning alongside the incoming CEO.

Srivastava brings more than two decades of leadership and strategy experience across the automobile and industrial sectors. He is an alumnus of the Indian Institute of Technology, Kharagpur, and has a demonstrated track record of building businesses from early stage to scale. Most recently, he served as Business Head and Group Strategy Leader at Greaves Group, the organisation behind the Ampere brand of electric scooters — giving him direct, hands-on experience in the Indian electric mobility space.

In his new capacity, Srivastava will oversee operations, sales execution, investment management, strategic partnerships, and future product development at Numeros Motors. The leadership transition is structured as a collaborative handover rather than a complete change of guard, with Shibulal remaining actively engaged at the board level.

What This Means for Your Brand

For anyone tracking India's EV ecosystem — investors, dealer partners, component suppliers, and competing manufacturers — this appointment carries several meaningful signals.

First, the choice of a sector-experienced CEO over a generalist growth leader is deliberate. Srivastava's background in both traditional automobile strategy and electric mobility at Greaves Group means he understands the specific operational and distribution challenges of selling electric two-wheelers in India — from last-mile service infrastructure to financing accessibility in Tier 2 and Tier 3 markets. That domain depth is a meaningful advantage for a company entering a phase of rapid scaling.

Second, the founder-to-board transition model is worth noting. Shreyas Shibulal's decision to move from operational CEO to strategic board member rather than exit entirely reflects a growing sophistication in how Indian startups manage leadership evolution. Founder involvement at the board level preserves institutional knowledge and cultural continuity while freeing the incoming CEO to execute without the constraints of founder-operator dynamics. When managed well, this model tends to produce stronger outcomes than either a clean founder exit or a founder who stays too operationally hands-on.

Third, Numeros' positioning around Indian road conditions and accessible financing is a direct competitive response to the dominant narrative in the EV space, which has often skewed toward premium urban consumers. By explicitly targeting customers who need reliable, durable, and affordably financed electric two-wheelers, the brand is staking out the mass-market EV territory that will ultimately determine which companies achieve genuine scale in India.

The contrarian question worth asking: can Numeros move fast enough? The Indian E2W market is intensely competitive, with well-capitalised players already fighting for dealer networks and consumer mindshare. The quality of the foundation Shibulal has built will be tested quickly once Srivastava begins accelerating growth.

Expert Take

India's electric two-wheeler segment has been one of the most closely watched categories in the broader EV market, combining genuine consumer demand, government policy tailwinds, and fierce competitive intensity. The segment has also seen its share of growing pains — quality concerns, service infrastructure gaps, and financing accessibility challenges have all slowed adoption among consumers outside major urban centres.

Shreyas Shibulal's assessment of where Numeros currently stands is instructive. He described the past several years as a period focused on building the company's core engine — technology development, team formation, and earning the trust of early dealer and customer networks. That framing positions the Srivastava appointment not as a rescue or a pivot but as a natural progression: the foundation is in place, and the company now needs a leader whose primary skill set is growth acceleration rather than company building. Srivastava's stated focus on scaling operations, improving market accessibility, and expanding the customer base for Numeros' electric two-wheelers aligns precisely with that brief.

The brands.in Perspective

Leadership appointments in the EV space often generate headlines without generating insight. This one is different. Numeros Motors has made a hire that is specifically calibrated to its current stage — not a marquee name for investor optics, but a domain-experienced operator who has actually navigated the electric mobility landscape in India at scale. The Greaves Group and Ampere background is directly relevant, not merely impressive on paper. Whether Srivastava can translate that experience into tangible market share gains for Numeros in a crowded field will be the real story to watch over the next eighteen months. For now, the strategic logic is sound — and that is a stronger starting point than most EV appointments offer.

Key Takeaways for Marketers

• Numeros Motors has appointed Arun Srivastava as CEO effective April 2026, signalling a shift from foundation-building to active growth execution
• Srivastava brings 20-plus years of auto sector experience, including direct EV leadership at Greaves Group's Ampere brand
• Founder Shreyas Shibulal moves to a board role, maintaining strategic involvement while enabling the new CEO to operate independently
• Numeros' focus on reliability, durability, and accessible financing targets the mass-market EV consumer — a strategically important and underserved segment
• The structured founder-to-board transition model reflects growing maturity in how Indian EV startups manage leadership evolution

FAQ Section

Who is Arun Srivastava and what is his background? Arun Srivastava is an IIT Kharagpur alumnus with over two decades of experience in automobile and industrial strategy. He most recently served as Business Head and Group Strategy Leader at Greaves Group, the company behind the Ampere electric scooter brand, before joining Numeros Motors as CEO.

What happens to Shreyas Shibulal after the CEO transition? Shibulal continues as Founder and Member of the Board at Numeros Motors, remaining actively involved in defining strategic direction and supporting the company's expansion — ensuring continuity of vision alongside fresh operational leadership.

What makes Numeros Motors different from other electric two-wheeler brands in India? Numeros positions its electric two-wheelers as purpose-built for Indian road conditions, emphasising reliability, durability, and safety alongside accessible financing options — targeting consumers in the mass-market segment rather than the premium urban EV buyer.

Closing

India's electric two-wheeler race is entering its most decisive phase — and the companies with the right leaders, the right products, and the right distribution will be the ones still standing when the dust settles. Is your organisation making leadership decisions calibrated to your current growth stage, or are you hiring for the company you want to be rather than the one you actually are? Share your perspective below and follow brands.in for daily intelligence on leadership moves, brand strategy, and the evolving Indian mobility landscape.