Shark Tank India Fame Dandera Launches OTUA; An Electric 3W Cargo Vehicle
Sustainable Mobility startup and Shark Tank India Fame, Dandera Ventures has launched their electric three-wheeler cargo vehicle, OTUA.
The cargo EV sports several industry-leading features, including highest volume, highest load carrying capacity of 900 KG, and the longest range of 165 kilometer on a single charge.
OTUA variants are to be priced between Rs. 3,50,000 – Rs. 5,50,000 and will be available on a subscription basis. The vehicle is targeted for use by logistics and last-mile delivery companies and will soon be available for retail purchase by individual drivers or owners in select markets across India.
The company says that OTUA has been designed completely from the ground up as an electric vehicle and is a 100 percent indigenous product, with all parts and components, including the batteries designed and manufactured in India.
Dandera Ventures’ R&D division has designed and engineered OTUA’s battery and drivetrain with the single goal of surpassing both end-customer expectations as well as current industry standards.
Key Features-
> Provides driving range of 165 km on a single charge which is further expandable to over 300 km.
> Has load carrying capacity of 900 KG
> Unique aerodynamic design that reduces the air drag coefficient by 25 percent over comparable vehicles
> Most roomiest and air-conditioning compatible driver cabin when compared to currently available cargo three-wheelers in the L5 segment
> Connected EV - comes with its own Driver and Fleet management app
Kshitij Bajaj, Founder and CEO of Dandera Ventures said, “OTUA raises the bar for everything that last mile delivery drivers and fleet owners have come to expect from a cargo EV. From world-class and industry-leading driver ergonomics and safety to outright performance in terms of range, volume, capacity; OTUA is the first cargo EV to offer an uncompromising vision of transitioning to sustainable mobility for the global logistics and last mile delivery industry.”
The Indian last-mile delivery and logistics industry is witnessing exponential growth and is set to grow to a $5 billion market over the next couple of years.
Kanav Manchanda, Founder and COO of Dandera Ventures said, “Both OTUA, and Dandera, have been developed to set new standards in the EV industry. Where the OTUA is primed to be India’s most sophisticated EV, its roll out is also planned in a manner that enables efficient adaptability. The future is ours for the taking.”
Dandera Ventures is a portfolio company of Xponents Venture Studio and has raised capital from Xponents and its partners.
