Back Portfolio / Altigreen

SSIO – III

Altigreen is revolutionizing the last mile commercial EV segment in India. Founded in 2013, it has designed, developed, and manufactured an in-house 3W Cargo EV vehicle which has been conceptualized for the needs of Indian conditions and is superior to its peers in terms of speed, range, cargo dimensions, suspension, ground clearance, and above all low TCO. With great results on the ground that exudes customer confidence, Altigreen has 200+ vehicles on road and is targeting do volumes of 15,000+ vehicles over the next 18-24 months.

 

Founded by Dr Amitabh, Shalendra, Dr Lasse and Dr John, the founding team has over 30 years of deep expertise across building control systems and high-performance motors and electronics coupled with experience in finance, business development, and manufacturing. They have 26 global patents to their credit.

This is the most opportune time to invest our efforts in boosting EV manufacturing to cater to the rising aspirations and demands of the customers. The future of India’s automobile industry is electric and we have already laid out a roadmap to achieve fast-EV adoption, mainly in the commercial segment. The deeper ecommerce penetration and growth in last-mile delivery have catapulted the demand for commercial, road-ready EVs and this year will definitely be a transformative year for us.

Dr. Amitabh Saran and Shalendra Gupta