Electric vehicle startup Altigreen announces plans to expand into Delhi NCR

Post By : Karvi Rana
Post Date : June 16, 2021
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Altigreen, an electric vehicles OEM, on Wednesday announced its partnership with electric fleet startup MoEVing to facilitate the launch of its EVs in Delhi-NCR. The delivery of the state-of-the-art ‘NEEV’ 3-wheel EVs for MoEVing’s portfolio in Delhi-NCR has already commenced.

Under the signed partnership, both the companies will work together to augment the adoption of EVs over traditional ICE vehicles in a bid to relieve the city’s stressed air quality. The Altigreen NEEV is an L5 Cargo vehicle that has been designed keeping the specific needs of Indian users in mind.

There is a growing demand for sustainable last-mile services in Delhi-NCR, owing to environmental concerns and increased operational costs of ICE vehicles. We believe that Altigreen NEEV provides an ideal, robust, long-term solution that is tailor-made for Indian road conditions. The partnership with MoEVing will help both the companies achieve their vision of deploying environment-friendly mobility solutions in the region”.

~ Amitabh Saran, CEO, Altigreen Propulsion Labs 

We are delighted to have Altigreen’s 3W as part of our supply portfolio. The high-performance vehicle builds customer confidence, eliminates driver range anxiety and the need for daily charging. Altigreen’s NEEV product is the perfect example of it in India.  At MoEVing, we have deployed multiple Altigreen NEEVs across Bangalore and Delhi NCR. We look forward to deploying more NEEV EVs across all our cities pan India.”

~ Vikash Mishra, Founder and CEO of MoEVing 

With its 11-kWh battery solution, Altigreen’s NEEV can cover up to 125 Km with 550 Kg Payload in city traffic conditions, the highest in the Last Mile Transportation industry. This breaks the distance barrier in large cities like New Delhi without dependence on any intermittent charging, thus allowing maximum utilization of the asset. With the NEEV, customers are freed from range anxiety and are not dependent on public charging infrastructure.

To give shape to its future endeavours, the company has already opened its office in New Delhi and launched a service network across various geographical areas in Delhi-NCR to support its customers.

It is to be noted that the capital has already exempted ‘electric carriers’ from its existing ban on plying & parking of LCVs in NCR during specified timings, under the Delhi EV Policy of 2019.

The policy of 2020 further provides a purchase incentive of INR 30,000 to the first ten thousand electric goods carriers registered in Delhi, in addition to interest subvention of 5% on loans availed from DFC. Altigreen’s push in Delhi amidst the supportive policy framework will aim at encouraging more fleet operators to shift to green mobility. 

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