Shell-backed smart EV startup TresMoto today announced it had raised an undisclosed amount in seed funding from angel investor and director Raaj Kumar, who has led multinational companies like Asian Paints, GMR Energy, JSW Energy, among others.
The company, which is working on a range of smart, electric two-wheelers based on their in-house developed modular platform ‘OXEN,’ plans to utilize the funding towards its flagship electric scooter offering.
“We have been working on our product offering and the software around it for about four years now. This round of funding will be utilized for the final stages of product development and homologation of our flagship electric scooter,” said Shubham Jain, founder of TresMoto.
TresMoto is designing their scooters to be functional and minimal, optimized exclusively for fleet usage.
The flagship offering will be a sleek urban scooter with a top speed of 75 km/h and an array of compact, ergonomic batteries that can be removed from the vehicle and charged at home for a range of up to 90 km, which is more than enough for daily urban usage. For the weekend rider, the scooter can go further by carrying a range extender battery pack that fits snugly into the vehicle’s boot.
The scooters will be driven by a software that can be updated over the air. A companion app will offer cutting-edge features like artificial intelligence (AI)-powered remote diagnosis, remote asset tracking, personalized rider profile and ride analytics.
The modular EV platform ‘OXEN’ lets the company design new products with a fraction of resources and time. It can be adapted for scooters ranging from 2 to 15 bhp. Moreover, these scooters will be built in microfactories with a tiny footprint, which will allow the company to scale to multiple locations much faster and at a fraction of the cost.
The company will do pilot testing with delivery and rental companies before launching its scooters into the consumer market.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
1 comment
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.