Cellestial E-Mobility, a startup in the electric automotive space has raised seed capital of $200,000 from an angel investor, Meka Sudhakar Reddy. Reddy is an NRI based out of Singapore. Cellestial has developed electric tractors which could be ideal for the Indian conditions. The company claims its tractors have the longest battery life in the market.
Based out of Hyderabad, Cellestial E-Mobility is a relatively new enterprise and is hopeful of bringing out the first prototype of its electric tractor in the next 4-5 weeks.
Siddhartha Durairajan, Founder Promoter of Cellestial E-Mobility, describing the end use of their tractors, says these machines are quite suitable for applications like horticultural farms, greenhouses and for indoor use within factories and other workplaces. They can be deployed for hauling luggage in airports etc. They have zero emission and is thoroughly environment friendly.
The startup has no doubts about the timely entry it is making into the e-mobility market. Air pollution is a major menace that the authorities in different metros are fighting against. There is the requirement for companies to demonstrate their contribution to bringing down the CO2 emissions. All these factors will work in favour of Cellestial E-Mobility as they try to tap the market.
The initial volumes of production will be limited to building 100 e-mobility heavy vehicles, but this can be scaled up if the demand grows, which is bound to happen.
Some of the elements which were appearing as limiting factors for the electric vehicles industry in India may now vanish quickly. These include battery costs, which are on the decline, charging infrastructure, which the government may push ahead vigorously and the overall advanced technological capabilities not available hitherto. The encouragement from the government is another great plus.
According to industry estimates, as many as 40% of new vehicles sold in India, by 2030 could be battery powered. In terms of absolute numbers this may mean approximately 24 million, which is more than the number of vehicles sold in India in 2016, all counted.