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Altigreen has bagged an order from MoEVing of 1500 plus electric vehicles worth Rs 75 crore. Altigreen is ramping up its production capabilities and it will deliver EVs in 2022.
Altigreen is a Bengaluru-based startup and MoEVing is the country’s leading electric mobility technology platform. Both the companies are working on shifting towards electric vehicles.
Dr. Amitabh Saran, CEO, Altigreen said, “2021 has been a defining year for the commercial EV segment. The rising awareness, consumer consciousness, and policy support are creating a conducive ecosystem to ramp up efforts for large-scale EV adoption in the country. We want to thank MoEVing for their continued support and trust in us. This bond has also been strengthened by our collective commitments towards clean transportation.”
He further added, “To bring the best for our customers with innovation and indigenous technology, our team is constantly working to upgrade our manufacturing capabilities and we are confident of higher volume deliveries from the first quarter of FY23. Altigreen is ramping up its capacity from the current 6,000 per annum to 36,000 per annum in the next 12 months. It is in the midst of an exciting journey to raise funds and upgrade capabilities to meet the demands of its valued partners.”
Vikash Mishra, Founder, and CEO, MoEVing, said, “We are excited to partner with Altigreen to deploy their vehicles and explore the conversation around electric vehicle service centres. Our platform’s holistic solutions to accelerate EV adoption, with data being at the centre of our strategy, has us working with leading ecosystem players like Altigreen to ensure that our goal of sustainable mobility and sustainable livelihood for drivers is accomplished.”