Altigreen EVs - The gamechangers

Our vision

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

Mission

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

The company

A leader in EV technology and solutions for Last Mile Transportation, Altigreen's mobility platforms – Made-in-India, built on indigenous technology with over 93% domestic value-
add – 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 26 global patents granted in 60 countries, including 6 in the US. Over the years, Altigreen has added numerous coveted awards to its kitty, including those from the WorldWide Fund for Nature, Niti Aayog, ARAI, Economic Times, Elecrama, IoTNext, and IDTechEx, to name a few.

Investors

Backed by professional investors since 2013, Altigreen has additionally raised Rs 300 crore investment in its Series A round in 2022. The funds will be used to boost EV manufacturing, launch new products and strengthen its countrywide presence. Altigreen, with its road-ready commercial EVs, is already changing the face of last-mile delivery and, with this funding, will rapidly accelerate towards its next phase.

The funds will be utilized to ramp up production capabilities, accelerate R&D, fast-paced EV adoption and develop a robust pan-India network to offer the best last-mile transportation solutions in India. The investment is led by Sixth Sense Ventures, along with Reliance New Energy, Xponentia Capital, Accurant International, US and Momentum Venture, 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

The coming together of a team of global professionals across varied operations fields has resulted in a marvel in engineering called Altigreen. Altigreen’s Founding team comprises people with vast experience and expertise across functions in the field of motors, controls, software and finance, that put together, spells success.

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.

Dr. Amitabh SaranCEO & Co-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 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.

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.

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

Altigreen’s leadership team has a combined experience of more than 250 years in handling responsibilities across functions like vehicle engineering, production, sales and marketing, service and spares, QA, supply chain, vendor development, vehicle dynamics, power electronics, controls, and AI/software. It comes together with a unified goal to make the best EV ever at Altigreen. Our experts come to us from leading institutions like Tata Motors, General Motors, L&T, Toyota, GE, Force Motors, Tejas Networks, TVS, Bajaj, Magna, and Hewlett-Packard.

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.

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