Haryana-based electric vehicle start-up EV-CO (Electric Vehicle Co.) has launched its first product in the country. It has an ambition to manufacture 5,000 units of EVs in a month, including two- and three-wheelers in the L3 and L5 categories, with tailored battery solutions.
The start-up claims it is also working on developing four-wheelers to expand its product line and offer more choices to environment-conscious consumers. EV-CO states despite being bootstrapped hosts a state-of-the-art manufacturing unit spanning 80,000 square feet.
The company claims it is backed by a team with a collective manufacturing experience of three decades.
Kanav Gupta and Karan Gupta, Co-Founders, EV-CO said, “For a long time, the transition to electric vehicles seemed beyond the reach of the common people. At EV-CO, we aim to challenge that notion and position EVs as a means of modern-day mobility solutions. Through our innovative approach and top-quality EVs, we aim to make sustainable mobility more accessible. As a new EV player, we are excited to see what the future holds for our company.”
To drive sales, EV-CO says it has formed an exclusive partnership for EV financing with Delhi-based NBFC, Accelerated Money For U (AMU). Through this tie-up it aims to provide a one-stop solution to customers by combining EV manufacturing with specialised servicing and tailored financing solutions while deploying 2,000 EVs this year.
