Indian EV start-up Creatara receives a grant of ₹3.9 crore from the Government of India
By Sumaiya | Published | No Comments
Speaking about the grant, Vikas Gupta, CEO – Creatara, said, “This grant is a testament to the dedication and hard work of our team at Creatara. We are honored to receive this support from the Ministry of Heavy Industries (GOI). This will motivate us to continue our mission to revolutionize the electric two-wheeler market.”
The company further said that the grant will act as a catalyst to accelerate the development of indigenous EV tech. Creatara said it plans to use the grant to further increase research and development efforts and focus on the use of innovation and sustainability.
Creatara is founded by Vikas Gupta and Ringlarei Pamei from IIT Delhi. Their first concepts – the VS4 and VM4 – promise to pack a host of convenience and safety systems, including a modular platform, long-travel suspension, high ground clearance, purpose-built panels, GPS tracking, hill-friendly navigation and more.
The start-up claims that its e-scooter concept can sprint from 0-40 kmph in 3.7 seconds with a top speed of 100 kmph. The range is claimed to be 100 km on a single charge with a charging time of 4-5 hours. The start-up has not revealed the specifications of its concept scooters but has said that the model will feature its proprietary vehicle control unit (VCU).
Date of first publication: 04 May 2024, 4:30 PM IST
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