Haryana EV-CO To Manufacture L3, L5 EVs At New Plant

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The EV maker is self-funded and operates a modern manufacturing facility with cutting-edge technology and equipment. It specializes in producing two and three-wheelers, with a focus on advancing four-wheeler development.

EV-CO, a Haryana-based Electric Vehicle Company, has entered India’s electric vehicle market as a new-age manufacturer. The company produces approximately 5,000 electric vehicles monthly, including two-wheelers and three-wheelers in the L3 and L5 categories, with customized battery solutions. EV-CO is also developing four-wheelers to expand its product range and cater to eco-conscious consumers.

The self-funded EV manufacturer operates a modern 80,000 sq. ft manufacturing unit equipped with advanced technology and machinery. With a team that has three decades of collective manufacturing experience, EV-CO is well-positioned in a sector expected to grow to a USD 113.99 billion market by 2029.

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EV-CO is committed to creating top-class, technologically advanced automobiles that meet the evolving needs of EV riders. As a new company formulating its Go-To-Market strategy, it aims to enhance customer value propositions and support India’s ambition to become an EV manufacturing hub under the ‘Make in India’ initiative, according to a media release.

Co-founders Kanav Gupta and Karan Gupta expressed their ambition to redefine the perception that electric vehicles are inaccessible to the average person. They aim to establish EVs as contemporary mobility solutions and are eager to discover what the future holds for their company as a newcomer in the EV market.

EV-CO plans to deploy 2,000 EVs this year and has partnered exclusively with Delhi-based NBFC, Accelerated Money For U (AMU), for EV financing. This collaboration aims to provide customers with a one-stop solution by combining EV manufacturing with specialized servicing and tailored financing options. The company is working to enhance and expand its product lineup and explore strategic partnerships to strengthen its presence in the EV domain, the release added.

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Aryaman Raghuvanshi
Aryaman Raghuvanshi
Aryaman Raghuvanshi is a Journalist at EFY. His passion is to explore the future of mobility, which gets him to cover latest technologies shaping the future of automobiles and EVs. But, at times he writes on broader technologies too. LinkedIn: https://www.linkedin.com/in/aryaman-raghuvanshi-2431b7153

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