Menza motors is an electrical automobile manufacturing company that was launched in March 2016 in Ahmedabad, Gujarat by Rahul Gonsalves and Shivakant Pandey. The company aims to introduce a new dimension in commuting and transportation in India with its avant-garde bikes and motor technology. It is today spread across 15 major Indian cities and its team comprises of 21 people.
business opportunities in e-mobility
Electric Vehicle Manufacturing - A new wave of start-ups have embarked on auto manufacturing, a space that has traditionally had large barriers to entry. A few examples of such companies are Ather Energy, Ultraviolette, Strom Motors, Emflux Motors, Gayam Motor Works.
2. Battery Manufacturing
Though there are multiple reasons India lags in the cell manufacturing of Li-ion batteries, EV penetration has seen a plethora of companies enter the battery assembly space.
3. Powertrain Components Manufacturing - EVs have a simpler powertrain that requires way fewer parts than the ICE vehicles. Core components of an EV powertrain are Batteries, DC-AC converters, Electric motors, DC-DC coonverters, transmissions and ECUs (electronic control units).
Examples – Altigreen technology, Quanteon powertrain, Virya mobility, Elecnovo. Established auto component manufactures such as TVS Lucas and Bharat Forge have also diversified into EV powertrain component manufacturing.