| Business Basics |
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| Company Name |
Ekovehicles |
| Founded in |
2004 |
| Headquartered in |
Bangalore |
| Company website/URL |
www.ekovehicle.com |
| Industry |
Manufacturing |
| Stage of the company |
Scaling up |
| Source of idea |
Systematic search for business opportunity |
| Partnerships & Tie-ups |
HBL Power systems for contract manufacturing and battery technology.
Ovonic Battery Company USA for NUMH battery technology
Reputed...> Read more.. |
| Partnerships & Tie-ups |
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
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| 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 c...> Read more.. |
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.
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| How does the business make money? |
Design of battery operated vehicles, manufacture for OEMS. Develop component manufacture and provide value added services.
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| Team information |
| A.D. Ajit Prasad, Director (Marketing & Finance), D. R. Harindranath, Executive Director Operations, Lalitha Anil, Executive Director, Establishment.
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| Competition |
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| Competitors |
Electrotherm,Ultra Motors,Hero Electric, TI, TVS, Kabirdas,Yash |
| How different is your product or service? It has... |
No substitutes available |
| In what way is your product or service different? |
Eko offers electric scooters meeting the CMVR specifications which are homologated by Automotive Research Association of India (ARAI) and can be re...> Read more.. |
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| By The Numbers |
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2006 |
2007 |
| No. of employees |
26-50 |
26-50 |
| No. of locations |
0-1 |
2-5 |
| No. of customers |
16-50 |
2-5 |
| Turnover |
Under 10 lacs |
11-50 lacs |
| Profits |
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16-50 lacs |
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| Primary source of initial funding |
Personal savings |
| Primary source of additional funding |
Bank loans & mortgages |
| Raised institutional capital? |
No |
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| Why is this startup hot? |
Ekovehicles is providing a much needed alternative to the depleting precious natural resource "Gasoline". A business model that is hot wherein we focus on the core competencies of Design, Integration and Developing a BOV model and obtaining homologation. An outsourced production model which requires negligible working capital and an OEM marketing model ...> Read more.. |
Ekovehicles is providing a much needed alternative to the depleting precious natural resource "Gasoline". A business model that is hot wherein we focus on the core competencies of Design, Integration and Developing a BOV model and obtaining homologation. An outsourced production model which requires negligible working capital and an OEM marketing model makes EKO a unique and hot Start up.
EKO gains in terms of turnover and maintains the status of being a manufacturer along with its core strengths. Eko as a Disruptive force is cool and a threat to the gas guzzling polluting internal combustion vehicles.
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| What keeps the team awake at night? |
1. Adrenalin to provide better customer service
2. Conceptualising & Strategising further ways to soar
3.Brainstorming over new ideas
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