Coal News We love to talk!

FEB 14 2018

eTrio gears up to roll out two EVs

  • Economic Times, ET Bureau / Hyderabad
  • Created: Wed 14th FEB 2018

 

eTrio, a start-up focussing on the emerging electric-vehicles space, has been testing the prototypes of two EVs, a hatch and a sedan, for launch, over the next few months.

The Hyderabad-based company has already set up an electric-car assembly unit on a six-acre site at Bolarum, which will have a capacity to roll out 1,500 cars a month.

Sathya Yalamanchili, founder, eTrio, said: “While the EV 150 hatch, as the name suggests, can run 150 km, the EV 180 sedan can do 180 km on a single charge. The former has already secured an ARAI (Automotive Research Association of India) certification, and the latter is undergoing tests.”

‘Right tie-ups’

“We have tied up with some original equipment manufacturers in India and one in the US, and powertrain suppliers in China and Taiwan. We plan to assemble Lithium-ion battery sources from Taiwan for the cars,” Yalamanchili told BusinessLine.

“Soon, the EV market is expected to get crowded with some of the major players leading the electric mobility drive. Yet, we believe we have the technology and right tie-ups to play a role in this space. Our focus will be only fleet operators. The immediate goal is to role out the first batch of about 300 units over the next few months,” he said.

All the EVs that will deployed will be monitored at a central station through a GPS network. These vehicles will also get real-time information on the nearest charge station. The batteries can be charged to up to 80 per cent of capacity within 30 minutes, he said.

“We have so far invested about $2 million (about 13 crore) on the project. And as we expand, we will look at options to raise funds,” Yalamanchili said.

 

Tags

China United States India

Related News

  • Coal India rated Reduce; Kotak says volume momentum has been sustained  Read more
  • PM Narendra Modi goes shopping for nuclear power in France and Canada  Read more
  • Discom bonds under FRP not eligible for SLR status  Read more
  • KPIT's electric bus technology selected as a finalist for UN-DESA energy grant  Read more
  • Rangarajan panel moots new plan for gas pricing, new PSC regime without cost recovery  Read more
  • Tax dispute stalls India solar panel cargoes, delaying projects  Read more
  • India, other countries signed International Solar Alliance framework agreement  Read more
  • Power producers seek roll-back of importduty on equipment  Read more
  • Indian solar power producers may get module prices relief  Read more
  • Abhilash Bhardwaj takes over as AERB Chairman  Read more