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The investment is for expanding the marketplace in construction logistics all over India, in establishing a state-of-the-art platform for vehicle servicing, charging and maintenance, and towards plant automation.
Date: November 30, 2020
Gurugram – An Indian start-up – Infraprime Logistics Technologies Pvt Ltd (IPLT)1 of Gurugram is planning to invest $200 million for enabling the deployment of 1,000 electric trucks within the next two years, which will make it the largest electric commercial vehicle operating platform globally.
The investment is for expanding the marketplace in construction logistics all over India, in establishing a state-of-the-art platform for vehicle servicing, charging and maintenance, and towards plant automation. Fleet operators, charging network franchisee owners and banks would be playing their part via purchase and financing of various assets.
The company launched its first electric truck model “Rhino 5536" in August 2019(covered in TBB India Nov 2019 edition), which immediately garnered eyeballs. The company is planning to soon launch a 37 MT GCW model and a 28 MT GCW model.
1Infraprime Logistics Technologies Private Limited was incorporated on 19 April, 2017 and is located in Gurgaon, Haryana. The company has three directors - Chetan Singhal, Subodh Yadav, and Siddhartha Das. The total paid-up capital is USD 0.2m. They raised and invested a $8 million thus far in developing related infrastructure and setting up plant which has a capacity to produce upto 50 units per month in a single shift. The company provides logistic and construction material services.
