Company Market Research Report: Altigreen

Company Overview

Name: Altigreen Propulsion Labs Pvt Ltd.

Mission: To catalyse the adoption of electric vehicles by creating technologies that delight customers with their performance and price. Their vision is to make the world better for future generations by eliminating carbon from road transport.

Founded: 2013

Founders: Altigreen was founded by Dr. Amitabh Saran, Shalendra Gupta, Dr. Lasse Moklegaard, and Dr. John Bangura.

Key People:

Dr. Amitabh Saran - CEO & Founder

Shalendra Gupta - CFO & Co-Founder

Dr. Lasse Moklegaard - Co-Founder

Dr. John Bangura - CTO & Co-Founder

Headquarters: Bengaluru, Karnataka, India

Number of Employees: No information available

Revenue: No information available

Known For: Altigreen is known for manufacturing advanced electric three-wheeler cargo vehicles primarily for the last mile transportation segment in India. They have invested 8 years in rigorous research and hold 29 technology patents.

Products

High Deck

Description:
A spacious electric 3 wheeler auto rickshaw designed to provide 20% more cargo space, featuring a class-leading 177 cu ft (5 cu mts) container.

Key Features:

Increased space for extra cargo

Potential for increased earnings

Low Deck

Description:
A sturdy and reliable electric cargo vehicle that does not require a closed container. Independent suspension system for smooth driving across all terrains.

Key Features:

Independent suspension system

Suitable for all terrains

neEV and neEV TEZ

Description:
The neEV series includes the general electric three-wheeler and the newly launched neEV TEZ, which is the world's fastest charging cargo 3-wheeler, capable of 0 to 100% charge in just 15 minutes.

Key Features:

High efficiency with torque of 810 Nm

Best-in-class ground clearance of 220 mm

IP67 rated water-proof and dust-proof battery and motor

ARAI rated range of 151 km on a single charge

Advantages

Economic Benefits

Operating Costs: A kilometer on an Altigreen EV auto costs ₹0.92 compared to ₹4.40 on a diesel vehicle and ₹3.20 on a CNG vehicle.

Range Anxiety: An ARAI rated range of 151 km, with the capability of running more than 120 km on a single charge.

Technical Superiority

Load Capacity: High Deck offers 20% more space than other vehicles in its class.

Ground Clearance: Best-in-class at 220 mm.

Durability: Suitable for navigating tough road conditions and ensuring a smooth, fatigue-free driving experience.

Charge Time: Standard models charge to 100% in 3.5 hours, while neEV TEZ charges fully in 15 minutes.

Recent Developments

New Products Launched

neEV TEZ: Launched as the world's fastest charging cargo 3-wheeler.

New Partnerships

Exponent Energy: To bring fast-charging capabilities to their EV models.

Bolt.Earth: Deployment of charging points for electric three-wheelers.

Showroom Expansions

Altigreen has expanded its dealership network significantly, opening new showrooms in multiple cities including Nagpur, Vizag, Calicut, Gurgaon, Jaipur, Mumbai, Madurai, Warangal, Mysore, Guwahati, Kolkata, Jamshedpur, Ludhiana, New Delhi, Gulbarga, Patna, Ranchi, Surat, Chandigarh, Vijayawada, Bhopal, Coimbatore, Chennai, Pune, Ahmedabad, and many more.

Awards and Recognition

IET India Mobility Award 2022: For extraordinary contributions to the landscape of Indian engineering and technology.

Funding Updates

Series A Funding: Raised Rs.300 crore in 2022, led by Sixth Sense Ventures, Reliance New Energy, Xponentia Capital, Accurant International (USA), and Momentum Venture Capital (Singapore).

Technology and Patents

Altigreen holds 29 technology patents focusing on advancements in electric drivetrains, regenerative braking systems, electric motor control systems, and overall vehicle performance enhancements. Notable patents include:

Vehicles with regenerative braking systems

Optimized electric drive and power systems

Cost-effective belt-drive assemblies

Advanced three-wheeler electric vehicle designs

For further inquiries, you can contact:

Sales Queries: sales@altigreen.com

General Queries: info@altigreen.com

Support Requests: support@altigreen.com

Dealership Queries: dealerdevelopment@altigreen.com

PR Queries: pr@altigreen.com

Career Queries: careers@altigreen.com

Headquarters

Address:
Altigreen Propulsion Labs Pvt Ltd.
Survey No. 36/1, 17/3, 4100 SFT,
KR Puram Hobli, Hoodi, Bengaluru, Karnataka – 560048

Toll-Free Number

Toll-Free: 1800-309-3250

WhatsApp: 810-553-2703