SHADO Group to Invest Rs 71 Crore in Pune Factory to Produce Electric 3-Wheelers

This post originated from News18.

Singapore-based SHADO Group plans to invest USD 10 million (approximately Rs 70 crore) in its Pune factory to produce electric three-wheelers, the first of which will be unveiled in Bengaluru later in the day. The three-wheeler, branded as ERICK, is among the latest electric vehicle (EV) technologies based on affordable low-voltage, high-performance instantly-charged transportation mode, Saurabh Markandeya, Co-CEO and Executive Director at SHADO Group, told PTI. He stated that the company plans to invest USD 10 million in its Pune factory to these electric three-wheelers, adding that it is also planning to exports to emerging economies.

The group, which has its research and development centres in Singapore, Malacca and Bengaluru, is in the process of starting production of 1,000 units per month from Pune this month for India. The zero-emission three-wheeler is designed to work in an urban environment, he pointed out. ERICK has a range of 70-km per charge and is capable of operating at high ambient temperatures and exceeds gasoline, CNG and diesel vehicles in performance. ERICK passenger and the cargo three-wheeler models will be available in urban India and developing markets in Africa and South-East Asia.

The vehicles are designed and manufactured by Bengaluru-based Adarin Engineering Technologies following its merger with SHADO Group in 2017. The present fleet of EVs take too long to charge, are expensive and charging stations are few and far between, Markandeya observed. EVs need to match conventional vehicles in performance, cost and durability, as well as have the requisite charging infrastructure in place, he elaborated. SHADO group intends to partner Indian Small and medium-sized enterprises and entrepreneurs to build out a pan-India charging ecosystem that will go on to enable the widespread consumer adoption of electric vehicles, said Markandeya.

Read More


Are we ready for the upcoming surplus of lithium-ion battery waste?

This post originated from Urban Transport News. The recent award of the Nobel Prize in Chemistry to pioneers in the field of Lithium-ion batteries was a great day for all of us seeking to reduce pollution and combat Climate Change through electric vehicle technology. The Lithium-ion battery has revolutionized the way we live thanks to its ability


SHADO Group Co-CEO Ben Lim prefers ‘outcome’ over ‘effort’

This post originated from People Matters. In a rapid fire interview on the theme of the month, #LeadTheWay, Ben Lim, Co-CEO of SHADO Group, a Singapore-based company shared leadership lessons he learned on the go as a People Leader and answered some other candid questions. SHADO Group Co-CEO Ben Lim believes that through commercial electric

See How SHADO Can Help

Download the entire set of SHADO Solutions to learn everything about creating a profitable EV fleet.