The predecessor of the company is SRICI Ltd, a Russian company founded in 2013.

From 2014 to the present, we have built and serviced more than 30 trolleybuses with battery autonomy ranges in Tula, Grodno, and St. Petersburg.

Since 2016, Drive Electro's electric buses have been tested on several public transportation routes in Moscow. Signing long-term contracts with green transportation manufacturers is the best way for transportation companies to save money.

In September 2016, the first electric bikes for rent appeared in Moscow. They charge in 20 minutes, can cover 18 km on electric power, and reach speeds of up to 20 km/h. To enable this, Drive Electro equipped 150 regular bikes and designed the entire charging infrastructure for them. If the experiment proves successful, several hundred more e-bikes like these will be introduced in Moscow.

By 2020, it had sold more than 600 powertrains for electric buses, becoming the leading manufacturer of electric vehicles in the CIS and operating the largest e-bus fleet in Europe.

In November 2021, Dr. Sergey Ivanov who was president and the owner of Drive Electro sold off completely Russian business. He decided to establish Drive Electro’s headquarter in Switzerland for global expansion excluding Russia.

Drive Electro has become a globally integrated company with a factory in Serbia.

We've established a factory in Serbia with an area of 4644 square meters. This facility enables us to produce up to 2000 vehicles annually. Additionally, in 2023, we've expanded our operations with the opened of new facilities in the United Arab Emirates, and Japan.