EXELmoto’s Ambitious Plan: Localizing EV Manufacturing in 18 Months
In a recent discussion with ET Manufacturing, Akshai Varde, Founder & CEO of EXELmoto, along with co-investors Suniel Shetty, KL Rahul, and Ahan Shetty, revealed their strategic plan to localize manufacturing within the next 18 months. This move signifies a significant step in EXELmoto’s journey, transforming a design-led experiment in electric mobility into a purpose-driven movement.
From Experiment to Movement
The core objective behind EXELmoto’s initiative is to unite lifestyle, logistics, and inclusivity. This vision extends beyond mere product development, aiming to create a holistic ecosystem that caters to diverse needs. The localization of manufacturing is a pivotal strategy to achieve this goal, ensuring greater control over production processes and supply chains. By focusing on local manufacturing, EXELmoto seeks to optimize operational efficiencies and reduce reliance on external factors, thus strengthening its market position.
Key Players and Their Roles
Akshai Varde’s leadership is central to EXELmoto’s vision, guiding the company through its strategic initiatives. The involvement of co-investors Suniel Shetty, KL Rahul, and Ahan Shetty adds a unique dimension, bringing diverse expertise and networks to the table. This collaborative approach underscores EXELmoto’s commitment to building a robust and inclusive business model.
The Road Ahead
EXELmoto’s commitment to localizing manufacturing in the next 18 months highlights its dedication to sustainable growth and operational excellence. This approach is not merely about production; it’s about fostering a comprehensive ecosystem that integrates lifestyle, logistics, and inclusivity. As the company progresses, the focus will be on enhancing its manufacturing capabilities and solidifying its position in the electric vehicle market, all while adhering to its core values.
Source: Top ET Manufacturing
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