Altigreen EVs - The gamechangers

Altigreen EVs - The gamechangers

Our vision

Our vision

We will make the world better for future generations by eliminating carbon from road transport.

Altigreen is an advanced, high-performing, electric last-mile 3-wheeler made for Indian terrains. Designed with high-quality features and advanced technology, it is sturdy,safe and comfortable. Most significantly, it’s much more profitable in terms of running costs and maintenance, making for an increased savings of Rs 4 per km for the user.

Mission

We catalyse the adoption of electric vehicles by creating technologies (or, electric vehicles) that delight customers with their performance and price.

The Lithium-ion (LiFePO4) battery packs are capable of operations at high temperatures and can withstand all environmental conditions. Additionally, the lithium-ion batteries are tested for 30g shocks, dust, and water ingress.

Mission
The company

The company

Altigreen is a leader in EV technology and transportation solutions for the last-mile. Our mobility platforms are made in India and built on indigenous technology with over 93% domestic value-add. Our vehicles have been designed specifically keeping Indian conditions in mind, both environmental and commercial. Altigreen believes in the engineering-first approach, and prides itself in delivering electric vehicles that exceed customer expectations.

Awards

Innovation is at the core of Altigreen, with 29 global patents granted in 60 countries, including 6 in the US. Over the years, Altigreen’s achievements have been acknowledged and felicitated with prestigious awards including those from the WorldWide Fund for Nature, Niti Aayog, ARAI, Economic Times, Elecrama, IoTNext, and IDTechEx, to name a few. In 2022, Altigreen won the coveted IET India Mobility Award for "Extraordinary contributions to the landscape of Indian engineering and technology."

Awards
sixth-sense
reliance
xponentia
accurant
momentum

Investors

Backed by professional investors since 2013, Altigreen raised Rs.300 crore in its Series A funding round in 2022. We used the funds to significantly ramp up capacity, and entered the B2C space with a rapidly growing network of dealerships across India. Our ambitious growth plans include introducing fast-charging EVs, increasing our EV portfolio across multiple mobility categories, opening another factory in a different part of the country, and expanding our presence to other emerging markets.

Altigreen’s last round of investment in 2022 was led by Sixth Sense Ventures, along with Reliance New Energy, Xponentia Capital, Accurant International (USA), and Momentum Venture Capital (Singapore).

Altigreen’s major milestones

2013

The year Altigreen was founded and created the electric drivetrain for hybrid conversions

2016

Made a move towards full electric solutions

2017

Developed deep-tech in ALL drivetrain components that constitute 65% of value of an EV

2018

Displayed its 1st full-electric 3W at AutoExpo, New Delhi

2019-20

Turned its focus on dyno & road testing, customer trials, type approvals and supply chain establishment for full electric vehicles

2021

Series production and customer deliveries of its cargo 3-wheeled delivery van

2022

Rs 300-Cr investment, Expanded manufacturing, Launched dealership showrooms in Bengaluru,
Hyderabad, Delhi, Lucknow, Kochi, Thane, and counting

A team as electric as its dreams

Altigreen’s founding team comprises four highly regarded professionals from India and abroad with vast experience and expertise in the fields of motors, controls, software, and finance.

Amitabh Saran
CEO

A former NASA engineer, Amitabh changed gears to realize his dream of making India an EV super power. He has in the past been the co-founder of start ups that include TriVium and Buzzintown and has over 29 years of business experience with leading MNCs.

He holds a Ph.D. (Computer Science) from UC Santa Barbara. In his free time, he likes to count every swing, as he unwinds at a golf course.

Shalendra Gupta
Co-Founder and CFO

Designing and institutionalizing processes for radical improvements, Shalendra brings to Altigreen a rich experience spanning over 31 years in the areas of finance, business development, and manufacturing.

Before working towards his dream of an electric future for last-mile transportation, Shalendra worked at SBI Capital Markets, Deutsche Bank, Siemens Communications, and BCH Electric.

Lasse Moklegaard
Co- Founder

Lasse describes himself as goal-driven, innovative, and self-motivated. With an extensive background in leading safe, efficient, and cost-effective operations, he has over 19 years of work on engine controls of Ford, Mack Trucks, John Deere, Pacific Scientific, Aker Systems and DisTek.

John Bangura
Co-Founder and CFO

John is an entrepreneur and an innovator with extensive experience developing electrical & mechanical hardware and winning systems engineering solutions.

He has over 22 years of experience in the fields of aerospace, military, and engines of Goodrich, Boeing, and Airbus. John has worked with institutions like Black & Decker, Pacific Scientific and UTC, before co-founding Altigreen.

Amitabh Saran - CEO

Dr. Amitabh SaranCEO & Founder

A former software engineer with 32 years of business experience, Amitabh changed gears to realize his dream of making India an EV superpower. He has, in the past, been the co-founder of tech start-ups that include TriVium and Buzzintown and has worked with leading MNCs including TCS, Philips, NASA and HP. He holds a Ph.D. in Computer Science from UC Santa Barbara and has written extensively on EVs along with numerous technical papers.

Shalendra Gupta - Co-Founder and CFO

Shalendra GuptaCFO & Co-founder

With a rich experience of over 34 years in finance, business development and manufacturing, Shalendra co-founded Altigreen to envision an electric future for last-mile transportation in India. He has previously worked at SBI Capital Markets, Deutsche Bank, Siemens Communications, and BCH Electric where he was CFO for 11 years. A BITS Pilani alumnus, he also has an MBA from IIM Ahmedabad.

Lasse Moklegaard - Co- Founder

Dr. Lasse MoklegaardCo- founder

Lasse amassed 25 years of experience working on engine controls, before he decided to co- found Altigreen. He has extensive knowledge of leading safe, efficient and cost-effective operations at various companies. He has previously worked at Ford, Mack Trucks, John Deere, Pacific Scientific, Aker Systems and DisTek and has a Ph.D. in Control Engineering.

John Bangura - Co-Founder and CFO

Dr. John BanguraCTO & Co-Founder

John had 18 years of experience in the fields of aerospace, military, and engines of Goodrich, Boeing and Airbus, before co-founding Altigreen. An entrepreneur and innovator, he has vast experience in designing, developing and testing high-efficiency electrical traction motors and
their electronic hardware systems and solutions. John has worked with institutions like Black & Decker, Pacific Scientific and UTC, where he was last their Discipline Chief Engineer. He has a
Ph.D. in Electrical Engineering / Electromagnetiics.

Amitabh Saran
CEO

A former NASA engineer, Amitabh changed gears to realize his dream of making India an EV super power. He has in the past been the co-founder of start ups that include TriVium and Buzzintown and has over 29 years of business experience with leading MNCs.

He holds a Ph.D. (Computer Science) from UC Santa Barbara. In his free time, he likes to count every swing, as he unwinds at a golf course.

Shalendra Gupta
Co-Founder and CFO

Designing and institutionalizing processes for radical improvements, Shalendra brings to Altigreen a rich experience spanning over 31 years in the areas of finance, business development, and manufacturing.

Before working towards his dream of an electric future for last-mile transportation, Shalendra worked at SBI Capital Markets, Deutsche Bank, Siemens Communications, and BCH Electric.

Lasse Moklegaard
Co- Founder

Lasse describes himself as goal-driven, innovative, and self-motivated. With an extensive background in leading safe, efficient, and cost-effective operations, he has over 19 years of work on engine controls of Ford, Mack Trucks, John Deere, Pacific Scientific, Aker Systems and DisTek.

John Bangura
Co-Founder and CFO

John is an entrepreneur and an innovator with extensive experience developing electrical & mechanical hardware and winning systems engineering solutions.

He has over 22 years of experience in the fields of aerospace, military, and engines of Goodrich, Boeing, and Airbus. John has worked with institutions like Black & Decker, Pacific Scientific and UTC, before co-founding Altigreen.

Altigreen is an advanced, high-performing, electric last-mile 3-wheeler made for Indian terrains. Designed with high-quality features and advanced technology, it is sturdy,safe and comfortable. Most significantly, it’s much more profitable in terms of running costs and maintenance, making for an increased savings of Rs 4 per km for the user.

Our leadership team

The company’s leadership team consists of veterans of the auto and tech industries having previously worked at Tata Motors, GM, L&T, Toyota, GE, Force Motors, Tejas Networks, TVS, Bajaj, Magna, and Hewlett-Packard.  Together they have a combined experience of more than 250 years in handling responsibilities across functions like production, sales and marketing, service and spares, QA, supply chain, vendor development, vehicle dynamics, power electronics, controls, and AI/software.

The Lithium-ion (LiFePO4) battery packs are capable of operations at high temperatures and can withstand all environmental conditions. Additionally, the lithium-ion batteries are tested for 30g shocks, dust, and water ingress.

Our leadership team
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