Gurgaon-based start-up Infraprime Logistics to deploy 1,000 electric trucks

Gurgaon-based Infraprime Logisitics (IPLT), a start-up in construction logistics is planning to deploy 1,000 heavy duty electric trucks in India. The announcement comes after the company’s claimed successful commercial run of its fleet of 55-MT electric trucks that demonstrated up to 60 percent savings in operating costs over the last one year.

The company says it had launched its first electric truck in August 2019, which garnered significant attention as it pioneered industry-first air-conditioned battery pack with 600,000km warranty. The truck has a gradient of 23 percent, significantly exceeding comparable diesel trucks – making its operation in difficult terrain much smoother.

Subodh Yadav, CEO of IPLTech said, “Our planned production is oversubscribed with a waiting time of six months. Owing to the significant demand for what we considered as a niche product, we are expanding our production capacity.”

The startup has raised investments from German VC fund Fundamental and entrepreneur-led fund Leo Capital; HNI’s including Vellayan Subbiah (MD, Tube Investments) have also backed the company in its seed round. It hopes its expansion plans can contribute to the economic revival in India in the post-Coronavirus world.

In June this year, Infraprime Logistics had partnered UK-based Fardion for developing sodium-ion batteries for usage in commercial vehicles in India.

The start-up says with 1,000 electric trucks on the road in Delhi NCR, the air quality can see a significant improvement. The power required for charging electric truck batteries would be provided through company operated charger network. It is already operating two charging stations on Delhi-Jaipur highway and a fleet of 12 Electric Trucks is already on the road.