Rays Power Infra announced closure of INR 127 Crore Equity Capital Fund Raise - DAM Capital Advisors Limited announced its initial public offering (IPO) to open on Thursday, December 19, 2024 Sets Price Band fixed at ₹ 269/- per equity share to ₹ 283/- per equity share of the face value of ₹2 each - TRANSRAIL LIGHTING LIMITED ANNOUNCED ITS INITIAL PUBLIC OFFERING (IPO) TO OPEN ON THURSDAY, DECEMBER 19, 2024 Sets Price Band has been fixed at ₹ 410.00 to ₹ 432.00 per equity share, of face value ₹2 each - CONCORD ENVIRO SYSTEMS LIMITED ANNOUNCED ITS INITIAL PUBLIC OFFERING (IPO) TO OPEN ON THURSDAY DECEMBER 19, 2024 Sets Price Band fixed at ₹ 665 to ₹ 701 per equity share of face value of ₹5 each - “NATURALNESS” An Exhibition of Recent works will be displayed by artist Ramdas Manikrao Thorat in Jehangir Art Gallery in Mumbai - GNG ELECTRONICS LIMITED FILES DRHP WITH SEBI - Conscious Collective unveils its second editionThe initiative will showcase the transformative power of collaboration and creativity; sparking discussions on sustainable living, practices and design solutions - MAMATA MACHINERY LIMITED ANNOUNCED ITS INITIAL PUBLIC OFFERING TO OPEN ON THURSDAY, DECEMBER 19, 2024 Sets Price Band fixed at ₹ 230 to ₹ 243 per equity share of face value of ₹10 each - PartySmart and Aditya Roy Kapur Inspire a Smarter Way to Celebrate - INTERNATIONAL GEMMOLOGICAL INSTITUTE (INDIA) LIMITED ANNOUNCED IT'S Rs. 4,225 CRORE INITIAL PUBLIC OFFERING (IPO) TO OPEN ON FRIDAY, DECEMBER 13, 2024 Sets Price Band fixed at Rs. 397 to Rs 417 per equity share of face value of Rs. 2 each - Inventurus Knowledge Solutions Limited: Initial public offering to open on Thursday, December 12, 2024 Sets Price Band fixed at ₹ 1,265 per equity share to ₹ 1,329 per equity share of the face value of ₹ 1 each

Mumbai takes another step towards green mobility as Altigreen launches its second retail experience centre in the city

~ Altigreen is on a path of steady expansion, after opening retail experience centres in cities such as Mumbai, Bangalore, Hyderabad, Delhi, Ranchi, Patna and many more ~ 

~ Altigreen’s second dealership in Mumbai is aimed at catering to cold chain logistics businesses; proposal to integrate a refrigerated container on neEV 3-Wheeler on pilot basis underway ~

Mumbai, 21st March 2023 (GNI):  India’s leading commercial electric vehicle maker Altigreen today inaugurated its second retail experience centre in Mumbai – in KurlaThis is the company’s twenty-sixth (26th) retail dealership in India, following the launches in major metros like Mumbai, Chennai, Hyderabad, Delhi and Bangalore.

Much like Altigreen’s experience centres in other cities, this new dealership in Mumbai will allow EV enthusiasts to access Altigreen’s range of electric cargo vehicles. Altigreen has partnered with Fortpoint Automotive Private Limited (FAPL) – one of Mumbai’s most illustrated automotive retail companies.

Fortpoint Automotive Private Limited (FAPL) is a well-established company in the automotive retail space having a pan-India presence. The company has representation in all three segments of the automobile industry – two-wheelers, four-wheelers and high commercial vehicles with brands such as Kawasaki, Maruti Udyog Pvt Ltd., to name a few. The company has showrooms and workshops across 12 locations in the Mumbai Metropolitan Region. Fortpoint is credited with being the first to start the 24-hour workshop at its Andheri branch to serve its huge customer base. Over the years, Fortpoint has earned a solid reputation as a premier automotive retailer, catering to a wide-ranging customer base with its superior product offerings and customer-centric approach.

Altigreen Retail Experience Centre was launched by the hands of Karan Tacker – Actor as the chief guest.

With the launch of this retail dealership, Altigreen is focusing on providing its consumers with an enhanced and never-seen-before experience with world-class and modern infrastructure. Every element of the dealership has been designed to lend a welcoming feel especially to consumers walking in out of curiosity. Altigreen has left no stone unturned to ensure the dealership reflects the company’s ethos of respect, empathy, and gaining the trust of consumers through transparent dialogue. 

Addressing to the media persons, Dr Amitabh Saran, Founder and CEO, Altigreen, said, “We are elated to partner with Fortpoint Automotive Private Limited, for our second retail experience centre in Mumbai. With their decades of experience in the automobile business, Fortpoint will help us in strengthening our reach across the megacity. Altigreen will continue to offer the best-suited EVs for Indian cargo and passenger mobility needs.”

Currently, the intra-city movement of goods in cold chain transportation is carried out primarily through 4-wheeler SCVs having upto2.5ton GVW, and 3-wheelers. The desired temperature range for such vehicles is 0 to 4 degree Celsius, with a minimum volumetric capacity (internal) of 100 cu ft for 3-wheelers. The cooling on refrigerated vehicles is done actively through the AC/refrigerator unit, and passively through the thermal insulation material. The segments that require cold chain transportation on a mass scale are those that transport perishable goods such as Bakery & Confectionery, Meats, Seafood, and Beverages, Dairy, FMCG and Pharmaceuticals. With the launch of this new retail experience centre, Altigreen aims to cater to the segment of goods transportation that require cold chain logistics. The business team is working on integrating a refrigerated container on neEV 3-wheeler on a pilot basis.

Speaking on the occasion, Mr Sundeep Kumar Bafna, Managing Director, Fortpoint Automotive Private Limited, said, “We are excited to do our bit in helping businesses in Maharashtra transition to electric mobility. We are aligned with the recent E-mobility trends and already see a massive potential driven by the nation’s agenda of electrification. We are extremely happy to be able to introduce eco-friendly mobility and a sustainable future into our business fabric. We are very proud to partner with Altigreen in Mumbai and support them in their mission of accelerating carbon-free transport while making it accessible and affordable.”

Altigreen recently completed ten years of formation, playing a pioneering role in the EV space in the country. The company is constantly ramping up its capabilities through innovation and has aggressive expansion plans to widen its pan-India presence and cater to the rising demand. Altigreen’s product offering stands on four strong pillars: longest range, largest volumetric capacity, highest ground clearance, and greatest torque.

The company’s commercial electric 3W offering neEV recently achieved the feat of completing 150+ kms intercity drive between two iconic places of Karnataka, i.e. Mysore Palace and Bangalore Palace, on a single charge in about six hours. In addition, the company recently announced a partnership to launch the fastest-charged 3-wheeler while offering over 100 chargers in Bengaluru itself.

About Altigreen: Founded in 2013, Altigreen (https://altigreen.com)  designs, engineers and produces Electric Vehicles for the last mile transportation segment. Altigreen’s Made in India / Made for India products are specifically designed for Indian environment, roads conditions and driving behaviors. Altigreen’s technology results in 3W Electric Vehicles that compete in performance with Internal Combustion Engine (ICE) vehicles. Headquartered with a factory in Bangalore, and with regional footprints across India, the company’s patent portfolio spans over 60 countries with 27 patents granted, including 6 in the US. Global awards received by Altigreen include those from WorldWide Fund for Nature, Niti Aayog, ARAI, Economic Times, Elecrama, IoTNext, IDTechEx and more. Altigreen recently raised a Rs 300 Cr investment from Sixth Sense, Xponentia, Reliance New Energy, Accurant and Momentum.ends GNI SG

Be the first to comment on "Mumbai takes another step towards green mobility as Altigreen launches its second retail experience centre in the city"

Leave a comment

Your email address will not be published.


*