Investor Relations
Company Profile
We are one of the leading electric commercial vehicle manufacturers in India, focusing on creating efficient electric cargo vehicle. An EV Fleet for Logistics industry can significantly strenghthen our efforts towards sustainabiolity and economical solutions to tackle pollution and meet net-zero goals.”
Our products are built on a native and proprietary modular EV platform. We are currently focused on emerging markets as there is a clear need for reliable, safe, economical and sustainable EV solutions, and we aim to address this gap.
Most people would be surprised to know that only 2 to 3% of vehicles in India contribute to over 35 – 40% of vehicular pollution across CO2, SOX, NOX and PM. This 2 – 3 % comprises mostly commercial vehicles that run on average 20 hours a day, are not maintained as well as the passenger vehicles, and cause serious environmental pollution. While today’s hype surrounds passenger EVs, we truly believe that addressing the commercial EV segment is core to India’s net-zero targets.
- Management Teams
- Advisory Board
We are led by a dynamic and experienced management team that is committed to creating a sustainable future through the adoption of electric mobility solutions.
Inderveer Singh
Founder, CEO
Made a go-kart at age 16 & by 18 converted his father’s old Maruti 800…
Pulkit Srivastava
Co-founder, Growth
A serial entrepreneur with his previous venture being “Shouut” one of…
Harnoor Kaur
Co-founder, Digital Manufacturing
Engineering in CS , MBA in Marketing & Retail. Worked with Indian
Space…
Dinesh Shyamsundar
CTO
Technology and industrial
automation leader.
Demonstrated capabilities to…
Sandeep Sharma
Head, Design
MS in ME – Michigan Tech
University. Previously Worked
with Ford, DRDO…
Mr. Javed Rahi
Head - Material Resource Planning
Specifically in sourcing/procurement and unit marketing…
We are led by a dynamic and experienced management team that is committed to creating a sustainable future through the adoption of electric mobility solutions.
Inderveer Singh
Founder, CEO
Made a go-kart at age 16 & by 18 converted his father’s old Maruti 800…
Pulkit Srivastava
Co-founder, Growth
A serial entrepreneur with his previous venture being “Shouut” one of…
Harnoor Kaur
Co-founder, Digital Manufacturing
Engineering in CS , MBA in Marketing & Retail. Worked with Indian
Space…
Dinesh Shyamsundar
CTO
Technology and industrial
automation leader.
Demonstrated capabilities to…
The advisory board at EVage comprises of industry veterans who bring a wealth of knowledge and experience to guide the company’s strategic directions.
Chris Borroni-Bird
Automotive Hall of Fame 2000
Recently served as W aymo’s Chief Engineer for Future Vehicle…
Dr. Paolo Castagna
Global Auto Expert
Managing Director of Fiat India Automobiles. Head of Treasury for Fiat Group…
Ram Mohan
Auto Design Guru
45 years of Indian auto industry experience with focus on New Product…
Anand Shah
EV expert, CoFounder Ola Electric
Anand Shah has over 25 years of industry experience. He was the SVP & Chief of…
The advisory board at EVage comprises of industry veterans who bring a wealth of knowledge and experience to guide the company’s strategic directions.
Chris Borroni-Bird
Automotive Hall of Fame 2000
Recently served as W aymo’s Chief Engineer for Future Vehicle…
Dr. Paolo Castagna
Global Auto Expert
Managing Director of Fiat India Automobiles. Head of Treasury for Fiat Group…
Ram Mohan
Auto Design Guru
45 years of Indian auto industry experience with focus on New Product…
Anand Shah
EV expert, CoFounder Ola Electric
Anand Shah has over 25 years of industry experience. He was the SVP & Chief of…
Our Vision
To be a globally admired mobility solutions company that is people-positive, planet-positive and profit-positive.
News Releases
- 01 June 2023
Budget 2023: Here’s what EV ecosystem wants from FM Nirmala Sitharaman
Published On January 28, 2023 Budget 2023: EV Industry's Expectations from Finance Minister Nirmala Sitharaman The EV sector is looking
- 24 May 2023
India’s EVage looks forward to 2023 and believes lower interest rates could speed up the adoption of electri….
Published On 31st Dec 2022 EValuating scope of rising investment in clean tech and green mobility After nearly $1 billion
Frequently Asked Questions
Everything you need to know about us
How is EVage contributing to sustainability?
EVage was built to provide sustainable mobility solutions for emerging markets. It would surprise many people that only ~ 2-3% of the vehicles in India contribute to ~ 35 - 40% of vehicular pollution across CO2, SOX, NOX & PM. This 2 - 3 % of vehicles we mention are almost entirely commercial. Commercial vehicles in India run ~ 20 hours a day, are not maintained as well as passenger vehicles & cause serious environmental pollution.
While all the hype is around passenger vehicles today, we truly believe that solving the commercial EV problem is core to the net zero targets of India.
We have heard a lot about the LTO chemistry you use. Why don't you elaborate further on the same?
EVage has completely reimagined the battery for emerging market use cases. The LTO chemistry enables us to provide a mobility solution that is safe from -20 degree Celsius to 65 degrees Celsius, fast charging the vehicle in about 20 mins. It provides an ultra-long life of a million miles with a warranty of 8 years. These are features which truly differentiate us from other players in the market.
What are the use cases of EVage FR8?
EVage FR8 powered by the LTO battery can safely run ~ 105 km to 110 km on a fully loaded scenario. This makes FR8 suited for both last-mile as well as mid-mile use cases. E-commerce companies, FMCG players and logistics service providers can deploy EVage FR8 for both these use cases per their requirements.
How are you reimagining manufacturing?
While we were building the blueprint to create EVage, we realized the biggest hurdle to producing EVs in a commercially viable way is the existing legacy manufacturing process. We have completely disrupted EV production with our modular micro-manufacturing capability, also called the 'micro-factory'. We have completely redesigned the manufacturing process - removing redundant processes.
As a result, a micro-factory can produce EVs at a healthy margin but at a much lesser volume and a significantly lesser environmental footprint.
What about the Investment?
We raised $ 28 Mn in our seed round from Red Blue Capital, a globally renowned mobility investor (https://www.red.blue/), in January 2022.
How does an investor reach out to you?
You can reach out to us at (ir@evage.in).