Ampere Makes Cheap Electric Vehicles For Rural Buyers
Electric vehicles have different faces, and interesting stories around the world.
In India, for example, Hemalatha Annamalai has been pursuing her vision of affordable EVs for rural buyers since around 2009 under Ampere Vehicles Private Limited.
Hemalatha Annamalai is on a mission:
“Wealth accumulation is not my aim. I want to create a whole new manufacturing sector.I want a lot of women to come into this sector.” Already 1/4 of the employees are women.
Ampere Vehicles is now backed by Ratan Tata, as well as Infosys co-founder Kris Gopalakrishnan, and have already produced some 30,000 EVs. Today’s revenues of $1.5 million annually are expected to hit $20 million before 2020.
The company offers electric bicycles, scooters, load carriers and other special vehicles.
Low-cost EVs are sold in Asia by the millions every year. Performance and range on lead-acid batteries will not be on the forefront, but introducing EVs (“$380 for an electric cycle to $2,270 for a load carrier”) in countries in the lower part of the income per capita spectrum is still extremely important.