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Altigreen Reviews

Bengaluru, Karnataka

5.0/ 5

1 review

Altigreen Propulsion Labs Private Limited is a leading Indian electric vehicle (EV) technology creator and commercial vehicle original equipment manufacturer (OEM) specializing in sustainable last-mile transportation solutions. Incorporated in February 2013 and headquartered in Bengaluru, Karnataka, the company has transitioned from an aftermarket drivetrain developer into one of India's premier deep-tech EV enterprises. Altigreen operates a state-of-the-art 3-lakh square foot manufacturing and warehousing facility in Malur, Kolar district, Karnataka, featuring a large annual production capacity to meet growing logistics demands. The company was co-founded by an expert team comprising Dr. Amitabh Saran (CEO), Shalendra Gupta (CFO), Lasse Moklegaard, and John Bangura, combining decades of global experience in aerospace, power electronics, and automotive software engineering. The core operational philosophy of Altigreen centers on an engineering-first, full-stack ecosystem. Unlike typical vehicle assemblers, the company designs and manufactures its proprietary EV powertrains indigenously, including electric motors, motor controllers, battery management systems (BMS), lithium-ion battery packs, and specialized embedded application software. Engineered specifically to withstand harsh Indian environmental conditions, extreme temperatures, and rugged terrains, its mobility platforms boast over 93% domestic value-add. The company’s flagship commercial offerings are marketed under the "neEV" brand, featuring high-performance electric three-wheelers tailored for cargo and passenger logistics. Key models include the neEV Low Deck and High Deck for standard intra-city logistics, the customizable flatbed variant neEV Bhai, and the neEV Tez. Notably, the neEV Tez incorporates advanced rapid-charging technology developed in partnership with Exponent Energy, allowing the vehicle to achieve a zero-to-hundred percent charge in just 15 minutes. Altigreen’s dedication to native innovation is highlighted by its robust intellectual property portfolio, which includes over 30 global patents granted across 60 countries, covering key systems like regenerative braking, smart energy management, and specialized drive architectures. The company has deployed more than 5,000 electric vehicles on the road across 120 cities, collectively clocking over 78 million kilometers for marquee e-commerce, retail, and FMCG clients. Its achievements have been recognized with prestigious awards from the WorldWide Fund for Nature, Niti Aayog, ARAI, and the Economic Times. Financially, Altigreen is a well-funded private enterprise backed by major institutional investors. The company secured a major capital boost through a Rs 300 crore Series A round, bringing total funding to approximately $48.9 million from lead investors Reliance New Energy, Sixth Sense Ventures, and Accel, alongside early backing from Jupiter Capital and Sterling Tools. The firm utilizes a hybrid B2B fleet sales model and an expanding B2C retail network of over 30 experience centers across India. By integrating Generative AI models since 2022 to optimize real-time battery health, vehicle performance, and driving behavior, Altigreen continues to advance its long-term vision of eliminating carbon from road transport.