The Company launched Electric Truck in India in August 2019, which garnered significant attention as it pioneered industry-first air-conditioned battery pack with 600,000km warranty. The truck has a gradient of 23%, significantly exceeding comparable diesel trucks – making its operation in difficult terrain much smoother.
Subodh Yadav, CEO of IPLTech said, “Our planned production is oversubscribed with a waiting time of six months. Owing to the significant demand for what we considered 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 Subbiah (MD, Tube Investments) backed the Company in its seed round. The Company hopes its expansion plans can contribute to the economic revival in India in the post-Coronavirus world.
With 1,000 Electric trucks on the road in Delhi NCR, India’s air quality will see a significant improvement. The days of fleet operators sweating over rising diesel bills would be over - the power required for charging electric truck batteries would be provided through company operated charger network. The Company is already operating two charging stations on Delhi-Jaipur highway and a fleet of 12 Electric Trucks is already on the road.
