Business Wire India
Infraprime Logistics Technologies, a start-up in construction logistics, plans to rollout 1,000 heavy duty electric trucks in India following the successful commercial run of its fleet of 55-MT electric trucks in the past year. The commercial run demonstrated savings of up to 60% in operating costs over conventional diesel trucks.
The company launched the electric truck in India in August 2019, pioneering the industry’s first air-conditioned battery pack with a 600,000 km warranty. The truck has a gradient of 23%, making its handling in terrains more difficult than largely comparable diesel trucks.
IPLTech CEO Subodh Yadav said, “Our planned production is oversubscribed with a waiting time of six months. Due to the significant demand for what we believed as a niche product, we are expanding our production capacity. ”
The company has raised investments from German VC fund Fundamental AG and entrepreneur-led fund Leo Capital. Notable high net worth individuals, including Vellayan Subbaiah (MD, Tube Investments), returned the company to its seed round. The company hopes that its expansion plans can contribute to the coronavirus world following the economic recovery in India.
With 1,000 electric trucks on the road in Delhi NCR, India’s air quality will improve significantly. The days of operators sweating on rising diesel bills will come to an end – the power required to charge electric truck batteries will be provided through the company-operated charger network. The company already operates two charging stations on the Delhi-Jaipur highway and a fleet of 12 electric trucks is already on the road.
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