Smartron, recently announced that it will invest in Volta Motors, a Chennai based automotive start-up company that is designing and developing sustainable electric vehicles for India and the global market.
This company will be eventually christened as Tron Motors, a Smartron Company. This also marks a collaboration of two start-ups with the same ideals and aspirations of building an Indian brand in the global product market place.
Volta Motors has so far designed and developed India’s first cross-over electric bike ‘VOLTA ZAP’. Under the aegis of this new company the team will accelerate the development, manufacturing and commercialisation of these vehicles. The company also intends to bring out a range of IoT enabled electric vehicles that will be designed, engineered, and manufactured in India for India and the world. It will also redefine the lifestyle segment of mobility by being sustainable and promote healthy living.
Commenting on the announcement, Mahesh Lingareddy, Founder and Chairman, Smartron India Pvt Ltd said, “Our association with Volta illustrates the strategy that Smartron has pursued from its inception that we need to be known as company that is building a strong product ecosystem across IoT verticals from personal to health to home to energy to farming. Electric eco-friendly bikes powered by an IoT platform like Smartron’s TRONX will be an essential part of our range of smart products”.
Anoop Nishanth, CEO, Volta Motors said “We are excited to be a part of Smartron’s journey. We share similar synergies of bringing in smart and innovative products that are aligned to create an Indian brand that is recognised globally. With the creation of Tron Motors we hope to expand our ecosystem under the theme of being environmentally friendly as well as high on style quotient”.
This strategic investment is a part of Smartron’s approach to build broader product ecosystem under its innovative and unique AI powered tronx IoT platform. Smartron is extending its unique tronx platform across range of verticals starting from smart home, personalized health, smart energy, intelligent vehicles, smart farming and infrastructure, to bring-in next generation of smart devices, sensors, services and care to consumer, enterprise, industrial and infrastructure markets.
This partnership would provide the strength and momentum to develop and expand Smartron’s significant IoT enabled portfolio to address substantial opportunities in India and abroad markets.