Business Description:Ekovehicles is the first Indian Electric two-wheeler company in India, integrating cutting edge battery and motor technology into its two wheelers in compliance with INDIA, US, European Type Approval, Road Safety and Road Worthiness requirements and meeting commercial market expectations in terms of: Speed, Range per Charge, Acceleration, Load carrying capacity, Battery Life, Operating economics requirements.
Ekovehicles develops Battery-operated vehicles for road and inplant use, manufactured and sold directly through company appointed dealers as well as OEMs.
Industry:Manufacturing
Founded in:2004
Source of idea:Systematic search for business opportunity
Significant Competitors:Electrotherm,Ultra Motors,Hero Electric, TI, TVS, Kabirdas,Yash
Company Details :
Company Name:Ekovehicles
HeadQuarters:Bangalore
Stage of the company:Scaling up
No of Employees (2006):26-50
No of Employees (2007):26-50
Office Locations(2006):0-1
Office Locations(2007):2-5
No of companies promoted:Yes (3)
Profits (2006):
Profits (2007):16-50 lacs
>Partnerships:HBL Power systems for contract manufacturing and battery technology.
Ovonic Battery Company USA for NUMH battery technology
Reputed suppliers in automobile industry Ultra Motors as a distributor
Initial Funding:Personal savings
Addl Funding:Bank loans & mortgages
Institutitional Capital:No
Revneue Model:Design of battery operated vehicles, manufacture for OEMS. Develop component manufacture and provide value added services.
Awards & honors:
Promoters Details :
Promoters Name(s):Anil Ananthakrishna
Age:58
HomeTown:Bangalore
Education:Bachelors R.V.College of Engineering (Mechanical)
No of companies promoted:Yes (3)
Family Background:First gen entrepreneur
Job:President at Aries Software Tech Pvt. Ltd
Ex-Job Description:Leadership
Favorite Book/Movie:Mackenna's Gold / Not a Penny more not a Penny less
