Pravaig: India’s Upcoming EV Brand. Your Views?


Joined
May 30, 2019
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A lot has been heard of this company off lately, they look like a serious attempt and they are genuinely working on every bit of the product, i.e. from battery pack to software hardware integration architecture. Its not a company who is looking to procure ready hardware-software modules and wrap it in their own envelope and showcase as their own product. Hence it is highly respectable attempt. But thats where the honeymoon ends, designing and building everything from the scratch requres deep pockets for R&D, which today even the top 3 car manufacturers are wary of. Problem being the lack of support ecosystem and mature investors in India as well as inefficient govt ecosytem (it is excellent only on paper try putting up an application for warehouse let alone a factory and see the hurdles). While the same deep investors and regulatory ecosystems are present in USA it cannot be guaranteed here in India, thats where our countrys talent face a big hurdle.
I really hope genuine efforts like this should succeed!
 
Joined
Sep 5, 2011
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They maybe looking for a crowd funding or expect some of the top companies to make investment in their company for a stake sale to further their R&D, just like the recent Bangalore 2 wheeler EV company invested by TVS group.
 
Joined
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Interesting and Unique

They are targeting the right sector to launch their EV car. Advantages for Hotels & Travel companies as the cost of running thier fleet of cars will reduce considerably.
 
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