Altigreen Propulsion Labs manufactures electric two-wheelers, three-wheelers, and four-wheelers targeted at the transportation and last-mile delivery sectors. The company holds a patent portfolio spanning 60 countries with 26 global patents covering electric motors and generators, vehicle and motor controls, EV transmissions, telematics/IoT and battery management. The recent funding will be used to boost EV manufacturing, launch new products, strengthen a pan-India presence, accelerate R&D, and drive faster EV adoption. Co-founders Amitabh Saran and Shalendra Gupta have articulated a roadmap focused on rapid EV adoption in the commercial segment driven by e-commerce and last-mile demand. Financially, Altigreen announced a Series A totaling ₹3 billion (~$40 million), with a sizeable investment from Reliance New Energy Limited included in the round.

Total raised

$80M

Funding rounds

2

Latest round

Series A

Latest activity

Feb 2022