Infraprime Logistics Technologies (IPLT), a logistics and supply chain startup, is reportedly, looking to start its first electric commercial vehicle within the next 1.5 months. Initially, IPLT will launch five electric trucks, and then will start rolling out 40-6- trucks per month from January 2020.
The Infraprime Logistics Technologies, based out of Gurugram, will be introducing its maiden variant Rhino 5536, which will be a 60-tonne truck, powered by 276 kWh battery and will run a range of 200 km with load, while 400 km without load. The electric giant will also have a top speed of 90 kmph.
Siddharath Das, executive chairman of IPLT, said that the company has been planning to set up a manufacturing unit at its Faridabad plant from January 2020.
For the initial phase, the IPLT rolling out 1K truck by 2020 and it eventually plans to deploy 10K trucks on the road by 2021, Das added.
As per the company’s website, it is working on zero emission reliable transportation for construction material so that one of the major bottlenecks of pace of infrastructure development in India could be removed.
Subodh Yadav, CEO of IPLT, said that the majority of the $100 million target would be reached through backing from Silicon Valley and European funds. For the rest, the company has plans to talk to banks and NBFCs, which have previously shown interest in electric truck financing.
The company plans to close its next round by the end of the year, he added.
IPLT has also planned to set up its own charging stations, which will be designed by the team itself.
The company claims that a 30-member team has already created two samples of 160 kW fast chargers that can charge the electric truck in 90 minutes.
It also claims that the electric truck also uses four major computer systems – motor control, transmission, battery management, and battery charging system.