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Planet Electric is a materials innovation company, is built to solve for the V in EV! Making the new vehicle 75% lightweight, allowing for 50% battery reduction, and therefore providing superior economics compared to the competition.
Basic Information
For decades, there have been no major innovations on the vehicle side of an EV, leading to these vehicles becoming extremely heavy, battery guzzling structures. This results in an extremely low range to weight ratio, necessitating addition of significantly more battery capacity and upfront costs! Planet Electric, a materials innovation company, is built to solve for the V in EV!! “Making the new vehicle 75% lightweight, allowing for 50% battery reduction, and therefore providing superior economics compared to the competition such as TATA Ace EV in India.” Planet Electric’s founding team, whose base lies in rocket science, has built launch vehicles and satellites at the Indian Space Research Organisation. Armed with their knowledge and passion, they have addressed the innovation gap and want to bring a commercial solution to the logistics industry. As a next step, they have pulled together a strong, focused and passionate team of automotive, logistics and industrial experts with 200+ years of collective experience to design, source, build, test and deploy last mile delivery vehicles.
Legal Name
:
Electricorbit Automotive India Private Limited
Headquarters
:
Gurgaon, Haryana, India
Business Model
:
B2B  
Founding Date
:
2023
No. of Employees
:
<10
Core Team
:
1.  
Gagan Agrawal
Co-Founder
Timeline

2023

Company Incorporation

Jul | Company Incorporation

After 2 years of material R&D and achieving successful results Planet Electric's subsidiary was registered in India - Electriorbit Automotive India Private Limited

Raised Funding

Nov | Raised Funding

Anchor round of $250K was closed.

Target Market
B2B
Our target business are third party logistics operators with a delivery fleet.
Client Segment
:
Logistics,  Manufacturing,  Mobility / Transportation  
Target Companies
:
Startup,  Small Enterprise,  Medium Enterprise,  Large Enterprise  
Target Geography
:
Funding
Investors
:
1.  
Mirik Gorgi