With EVs’ increasing demand, Hyderabad-based EV maker Gravton Motors, which developed an electric bike under the brand Quanta, is all set to start a Greenfield unit in Telangana with an investment of Rs 150 crore by the end of 2022. They intend to create 3000 direct jobs and indirect jobs in the state in the next two years.
The company is part of T-Hub’s sixth edition of the Lab32 program and third edition of the T-Angel program and is currently operating a unit in Cherlapally where it can make 48,000 units per year. Gravton is planning to roll out the first batch of vehicles by May this year. As of now, the company employs 300 people directly and indirectly.
Gravton Motors founder CEO Parshuram Paka shares that their company is scouting for the right space in and around Hyderabad. He added that they would be investing Rs 150 crore in the facility, which will be through a mix of internal and external funding. The plan is to make 3,00,000 units per year in the new facility.
The CEO further reveals that they will be setting up 36 dealerships in south India. He says what sets them apart is the fact that they are from the very few companies that have developed power electronics indigenously. Gravton Motors is constantly investing in R&D, and their product Quanta is priced at Rs 89,999 and is 100 percent designed, engineered, and manufactured in India.
The company’s electric bike covered 4011 km from Kanyakumari to Khardung La (Ladakh) – K2K ride in the shortest time without needing charging en route. And for this feat, Gravton has entered the Asia Book of Records. It has to be noted that K2K is something that few petrol-powered vehicles manage.
Quanta managed to go through rough terrains, and there was no reduction in performance on the way. All this was possible as it was designed to perform at such low temperatures of Ladakh.