- Launched in January 2023, AltigreenneEV Tez offers owners of cargo businesses and EV fleets the convenience of reduced cost of operation while delivering increased profits
- Altigreen launched 30 retail experience centers Pan India robust plans of nationwide expansion
BANGALORE: In a first, India’s leading commercial electric vehicle maker Altigreen delivered 200 AltigreenneEV Tez vehicles early this week to Fyn Mobility in a single day! Marking their expansion with 30 new retail stores pan India to deliver highest levels of productivity, income, and comfort, Altigreen is already present in major metros like Mumbai, Chennai, Hyderabad, Delhi and Bangalore.
The neEV Tez vehicles were delivered to customers at a specially organized event at Altigreen’s Retail Experience Centre through Magnum Ventures in Bangalore. The customers from B2B and B2C categories – from businesses such as Buy 2 Coffee, Fyn Mobility, DCO, Motherhood Foods, Go One, and more were happy to receive the keys to their brand-new AltigreenneEv Tez vehicles.
Launched in January 2023, the neEV Tez is an extremely cost-efficient, solid workhorse that finds use across several applications such as Retail, Cold Storage, FMCG Distribution, Grocery, Couriers, Fertilizers, etc. The vehicle is manufactured at Altigreen’s sophisticated Malur facility in Karnataka where the plant produces over 180 NeEV Tez vehicles every month.
The Altigreen NeEV Tez powered by Exponent solves these issues by offering 1-hour charging on DC001 network, and a 15-minute full charge at an e^pump, as opposed to the industry average of ~4 hours. The battery comes with a 3000-cycle life warranty with 100% rapid charging versus the industry average of ~1000 cycle life. With the NeEV Tez, customers can now use the same vehicle to complete two shifts, thereby increasing their productivity and earning more profits. Additionally, with a public e^pump network, customers don’t have to install charging hubs further boosting profits!
Dr Amitabh Saran, Founder and CEO, Altigreen, said, “This is a milestone for all of us at Altigreen. We are extremely proud to have given the world the neEV Tez - the world’s fastest-charging 3-wheeler. It is overwhelming to see such a great response for neEV Tez from B2B and B2C customers alike. We are excited to be playing an important role in helping businesses across India transition to electric mobility.”
The company’s commercial electric 3W offering NeEV recently achieved the feat of completing 150+ kms intercity drive between two iconic places of Karnataka, i.e. Mysore Palace and Bangalore Palace, on a single charge in about six hours. In addition, the company has announced partnerships to launch over 30 Retail Experience Centers & showrooms across India where its electric vehicles are available.
Altigreen recently completed ten years of formation, playing a pioneering role in the EV space in the country. The company is constantly ramping up its capabilities through innovation and has aggressive expansion plans to widen its pan-India presence and cater to the rising demand. Altigreen’s product offering stands on four strong pillars: longest range, largest volumetric capacity, highest ground clearance, and greatest torque.
Altigreen product variant - neEV low deck and high deck offer best in class range 151 km (certified), 950 GVW and 220 mm ground clearance and 177 cuft capacity.
About Altigreen:
Founded in 2013, Altigreen (https://altigreen.com) designs, engineers and produces Electric Vehicles for the last mile transportation segment. Altigreen’s Made in India / Made for India products are specifically designed for Indian environment, roads conditions and driving behaviors. Altigreen’s technology results in 3W Electric Vehicles that compete in performance with Internal Combustion Engine (ICE) vehicles. Headquartered with a factory in Bangalore, and with regional footprints across India, the company’s patent portfolio spans over 60 countries with 27 patents granted, including 6 in the US. Global awards received by Altigreen include those from WorldWide Fund for Nature, Niti Aayog, ARAI, Economic Times, Elecrama, IoTNext, IDTechEx and more. Altigreen recently raised a Rs 300 Cr investment from Sixth Sense, Xponentia, Reliance New Energy, Accurant and Momentum.