Electric Vehicle

India: ElectronEV to enter commercial electric vehicles segment

ElectronEV announced its entry into the Indian electric vehicle segment with plans to roll out electric commercial vehicles such as delivery vans, trucks, and buses. The company said it is looking to cater to both the B2B and B2C markets with its products and end-to-end mobility solutions.

ElectronEV already has a fleet of over 500 electric commercial vehicles running in the United States, it said. The company is bringing in services such as customized EVs, vehicle, and fleet management solutions, digital cockpit and Internet of Things (IoT) solutions as well as charging infrastructure with its foray in the fast-growing Indian market, ElectronEV said in a statement.

“India is emerging as the largest and fastest growing market for electric vehicles and our products will cater to the demand in B2B and B2C segments. We plan to introduce the company’s proprietary EV technology through its products and end-to-end mobility solutions for markets such as India, South East Asia, Australia, and Europe,” Rakesh Koneru, the founder of ElectronEV, said.

The company said it is looking to address areas such as the limitation in battery technology, high capital expenditure, EV prices, availability of charging infrastructure, and time taken to fully charge an EV through its modular, heavy-duty battery with adaptive chassis and software-driven powertrain.

It will adopt a manufacturing strategy of setting up micro-factories in conjunction with a modular technology stack, the company added.


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