ElectronEV, a US company, has announced plans to enter India’s CV market. It will launch light/ medium with heavy commercial vehicles. The brand has over 500 electric commercial vehicles, which are all registered in the US. It claims that it will be launching its services to India, including customized electric vehicles, real-time data analytic solutions, digital cockpit, fleet management solutions, IoT solutions, charging Infrastructure, and vehicle management solutions.
ElectronEV will now be able to market its proprietary EV technology via its EVs and other mobility solutions in markets such as India, Europe, South East Asia and Australia. There will be delivery vans, trucks and buses in the product portfolio.
The company plans to address the areas of pain such as the limitations of battery technology, price of EVs, high capital expense, availability and cost of charging infrastructure and the time it takes to fully charge an electric vehicle using its modular and heavy-duty battery in addition with intelligent-adaptive chassis and software-driven motor.
ElectronEV will use a manufacturing strategy that combines micro-factories with a modular technology stack to provide greater production volumes close to its customers.
Rakesh Koneru is the founder of ElectronEV. He stated that India is becoming the fastest-growing market for electric vehicles. Our products will be able to meet the needs of B2B and B2C market segments in India.
ElectronEV has the experience and expertise to run commercial electric vehicles in the United States. It is determined to offer sustainable mobility solutions in India with its products for the Commercial Electric Vehicles market.
According to Vahan data, July’s sales of medium and heavy commercial vehicles totalled 8,522 units. This is a 57% YoY increase over the 5,416 vehicles that were sold last July. The sales of light commercial vehicles increased 33% to 4,475 units, compared with 3,357 units in the same month in 2021. A massive threefold increase was also seen in passenger carriers YoY.