name of the company twenty two motors launch date august 2016 founding team parveen kharb ceo farhaan shabbir president and vijay chandrawat coo location gurgaon funding raised in 2017 16 million overall funding raised since starting up 16 million strength of the company 20 industry it operates in electric vehicle the movement towards making electric vehicles evs mainstream received a great push by elon musk however there still remains a long stretch for evs to cross before they become ubiquitous on indian roads the momentum has gathered speed in the recent years but there are several speed bumps in front of evs before they can overtake the petrol and diesel variants as the preferred modes of transport the government of india envisages an all electric car fleet by 2030 and wants the sale of petrol and diesel cars to stop by then even before this announcement there are already several big corporates as well as startups that are working hard to resolve the problems keeping the ev market in a stranglehold however there is one startup which claims to be quietly working on resolving the trifecta of issues pricing charging infrastructure and driving range comprising a team of engineers with extensive working experience in the motor industry twenty two motors started developing its electric scooter in august 2016 high running cost of gasoline vehicles and significant pollution led us to enter the segment the twowheeler industry has not seen any innovation in a long time and for many new technologies are too expensive to afford we decided to make this segment easy to afford both in terms of acquisition and running cost by developing the latest technological product indigenously says cofounder and ceo parveen kharb also read ford chinas zotye auto plan jv to build electric vehicles making it cheap twenty two motors is planning to reveal its first prototype before diwali this year the big launch is scheduled for the auto expo early next year which is when the company is expected to release the final price for its electric scooter kharb reveals that this price though will be competitive with the available diesel and petrol scooters another domestic ev startup ather energy is said to have kept its price between rs 80000rs 100000 a petrol run scooter is priced at rs 50000 and above the biggest deterrent in making affordable evs has been the battery cost the adoption of lithiumion batteries to develop evs has dropped the price substantially however these are not domestically manufactured batteries battery is a very costly and most of the companies import this component we however are building our own battery and have also developed our own electronics because of which we have been able to save tremendous cost there are two parts of it the cell and the battery pack while we buy the cells from others we have successfully developed our own battery pack says kharb this adds kharb has made a difference of around 3840 to the