2021-01-12
Shell E4 backed EV startup, TresMoto secures additional round of seed funding

Shell E4 backed EV startup, TresMoto secures additional round of seed funding

Image Courtesy: TresMoto

Shell backed smart EV startup, TresMoto has announced that it has raised an undisclosed amount in seed funding from Angel Investor and professional CEO Mr. Raaj Kumar, who has led multinational companies like Asian Paints, GMR Energy, JSW Energy among others.

“We have been working on our product offering and the software around it for about four years now. This round of funding will be utilized for the final stages of product development and homologation of our flagship electric scooter,” said Shubham, the Founder of TresMoto.

The company is working on a range of smart, electric two-wheelers based on their in house developed platform ‘OXEN’. Their flagship offering will be a sleek urban scooter with a top speed of 75 Km/h and an array of compact, ergonomic batteries that can be removed from the vehicle and charged at home for a range of up to 90 kms which is more than enough for daily urban usage. For the weekend rider, the scooter can go further by carrying a range extender battery pack that fits snug into the boot of the vehicle.

TresMoto is designing their scooters to be functional and minimal to give them a modern and rugged look, along with performance to match the appearance. The founders believe that the traditional two-wheeler offerings in the Indian market are outdated when it comes to technology, styling, and optimization of a design. The company is working on designing the scooters ground up with user experience in mind. The scooters are driven by software that can be updated over the air and the company claims that they will keep improving the range and performance of the vehicles with future updates. The scooters will come equipped with smart features like GPS navigation assist, remote locking and unlocking, keyless unlocking, and telematics. The scooters will also come along with a companion app that will offer cutting edge features like AI-powered remote diagnosis, remote asset tracking, personalized rider profile, and ride analytics. The app will also offer next-gen security features like geofencing which will let you easily define the area of usage for your scooters, both for riding and when parked. Although electric scooters have far less service requirement than their petrol counterparts, you will be able to book a service whenever required right at your doorstep.

The secret sauce is their in-house developed modular EV platform ‘OXEN’, which lets the company design new products with a fraction of resources and time. This platform can be adapted for scooters ranging from 2 to 15 bhp. Moreover, these scooters will be built in micro-factories with a tiny footprint which will allow the company to scale to multiple locations much faster and at a fraction of the cost.