Shell-backed smart EV startup raises additional seed funding

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Shell-backed smart EV startup TresMoto today announced it had raised an undisclosed amount in seed funding from angel investor and director Raaj Kumar, who has led multinational companies like Asian Paints, GMR Energy, JSW Energy, among others. 

The company, which is working on a range of smart, electric two-wheelers based on their in-house developed modular platform ‘OXEN,’ plans to utilize the funding towards its flagship electric scooter offering.

“We have been working on our product offering and the software around it for about four years now. This round of funding will be utilized for the final stages of product development and homologation of our flagship electric scooter,” said Shubham Jain, founder of TresMoto.

TresMoto is designing their scooters to be functional and minimal, optimized exclusively for fleet usage.

The flagship offering will be a sleek urban scooter with a top speed of 75 km/h and an array of compact, ergonomic batteries that can be removed from the vehicle and charged at home for a range of up to 90 km, which is more than enough for daily urban usage. For the weekend rider, the scooter can go further by carrying a range extender battery pack that fits snugly into the vehicle’s boot.  

The scooters will be driven by a software that can be updated over the air. A companion app will offer cutting-edge features like artificial intelligence (AI)-powered remote diagnosis, remote asset tracking, personalized rider profile and ride analytics. 

The modular EV platform ‘OXEN’ lets the company design new products with a fraction of resources and time. It can be adapted for scooters ranging from 2 to 15 bhp. Moreover, these scooters will be built in microfactories with a tiny footprint, which will allow the company to scale to multiple locations much faster and at a fraction of the cost. 

The company will do pilot testing with delivery and rental companies before launching its scooters into the consumer market. 

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