Altigreen Propulsion Labs Pvt.
Latest round
- Series A
Last raised
- Feb 2022
Total raised
- $39M
Investors
- 9
About Altigreen Propulsion Labs Pvt.
Altigreen Propulsion Labs Pvt. Ltd.Founded in 2013 in Bangalore, India, Altigreen Propulsion Labs Pvt. Ltd. specializes in electric three-wheeler vehicles.Altigreen specializes in the manufacturing of electric three-wheeler vehicles tailored for the last-mile transportation sector. Their core product offerings include the neEV Low Deck and High Deck models, designed for efficient intra- and inter-city cargo transport, and the neEV Rahi, a five-seater passenger electric three-wheeler. These vehicles are engineered to operate effectively in the Indian environment, addressing challenges such as pollution and high fuel costs. Altigreen’s products cater to a diverse customer base, including logistics companies, delivery services, and individual consumers looking for sustainable transportation solutions.Altigreen generates revenue through direct sales of its electric three-wheeler vehicles to individual consumers and businesses in various sectors.92 per kilometer. This pricing strategy is designed to attract both B2B clients seeking to upgrade their fleets and direct consumers looking for cost-effective and eco-friendly transportation solutions.Altigreen Propulsion Labs Pvt. Ltd. aims to enhance its product portfolio with new electric vehicle models designed for urban environments, targeting a launch within the next year. The company also plans to expand its market presence into additional metropolitan areas across India by 2024.6 mn will support these initiatives, focusing on product development and market expansion efforts.
Who invested in Altigreen Propulsion Labs Pvt.
9 investors across 1 round
See all investors in Altigreen Propulsion Labs Pvt.
Sign up free to see every VC on the cap table, the rounds they joined, and how much each round raised.
Funding rounds
Series A
Feb 18, 2022
Amount
$39M
Investors
Questions about Altigreen Propulsion Labs Pvt.
Who invested in Altigreen Propulsion Labs Pvt.?
Altigreen Propulsion Labs Pvt. has 9 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Altigreen Propulsion Labs Pvt. raised?
Altigreen Propulsion Labs Pvt. has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Altigreen Propulsion Labs Pvt. last raise money?
Altigreen Propulsion Labs Pvt.'s most recent round on record is a Series A, in Feb 2022.
What does Altigreen Propulsion Labs Pvt. do?
Altigreen Propulsion Labs Pvt. is a automobiles, other vehicles & parts company.
Where is Altigreen Propulsion Labs Pvt. headquartered?
Altigreen Propulsion Labs Pvt. is headquartered in Bangalore, India.
Which VCs invest in companies like Altigreen Propulsion Labs Pvt.?
Among active investors with capital left to deploy, Shanghai State-owned Capital Investment Leading Fund, Hui Hua Fund, Yufu Capital and ICBC Capital Management back automobiles, other vehicles & parts companies at Altigreen Propulsion Labs Pvt.'s stage. Their profiles are linked below.
VCs backing automobiles, other vehicles & parts startups at Series A
Raising like Altigreen Propulsion Labs Pvt.? Find the right VCs.
Capital Atlas matches your startup to active investors by stage, sector and region.