Hyderabad: City-based electric vehicle manufacturer, Gayam Motor Works (GMW), is fueling the electric vehicle push by e-commerce players like Amazon for their last-mile delivery. The startup is also looking at further expanding its ties with e-commerce and logistic majors like Grofers, Flipkart, BlueDart, BigBasket and others.
The company has been supplying e-rickshaws to a number of e-commerce players and is now looking to expand its association in the near future. “We have been supplying our vehicles to e-commerce companies on trial basis for over a year now and are looking to expand our association with these companies,” said Raja Gayam, co-founder, Gayam Motor Works.
Founded in 2011, the company has also been working with other e-commerce and logistics players like Grofers, Flipkart, BlueDart, BigBasket and others. With a manufacturing capacity of 250 vehicles per month, the company is currently producing 70 vehicles per month to meet the demands of its various customers. GMW is currently only working on a business-to-business model and going ahead it also plans to move into the consumer segment.
“Once we have a commercially viable number, about 50, charging stations in each city for our EVs, then we will be looking at selling our vehicles to individual customers. However, one of the major hurdles for these buyers is the option of getting finance from banks. We are in talks with major banks to provide loans for these customers by offering a buyback agreement,” said Gayam.
The company is also in talks with the State government to acquire land to set up its manufacturing unit and plans to close the deal by the end of this year. Once the new unit becomes operational then the company will be able to produce 1,000s of electric vehicles per month. The startup has already delivered 750 vehicles to all the companies on trial runs.