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Executive Summary

Technovos is working on several disruptive technology products in EV space. The Electric Vehicle (EV) industry is at the cusp of a transformational revolution, driven by innovative and disruptive solutions that promise to reshape the way we think about transportation, energy, and sustainability.

We are focussing on building “Purposeful EV’s”. Our first product is GaadE-a purpose built sustainable mobility EV for Hyper Local commercial materials movement suitable for Urban and Commercial Applications.

Unleashing the Power of Disruptive Technology: Our Products in pipeline,

In a world where technological innovation continuously reshapes industries and improves our daily lives, the humble wheelbarrow is undergoing a transformative evolution. The emergence of the electric wheelbarrow is poised to disrupt the construction, agriculture, and logistics sectors, offering a glimpse into the future of labour-intensive tasks and heavy lifting.

We are working on the following disruptive products:

  1. A1) GaadE-Electric Wheelbarrow
  2. A2) GaadE-Autonomous Electric Wheelbarrow
  3. B1) Novo MX23- Diesel Powered Mini Excavator
  4. B2) MinE-MXE20-Electric Mini Excavator
  5. C1) ShaktE-Electric All Terrain Vehicle (E-ATV)
  6. C2) ShaktE-Autonomous All Terrain Vehicle (E-AATV)

In the ever-evolving landscape of electric vehicles (EVs), certain disruptive products have emerged, challenging conventions and pushing the boundaries of what's possible in the realm of transportation. These innovative offerings are reshaping the industry and paving the way for a new era of sustainable mobility.

A1) GaadE- Electric Wheelbarrow (Drive along version)

Technovos is proud to announce the launch of our latest innovation - the GaadE-Electric Wheelbarrow. GaadE eliminates the need for manual labour used for carrying heavy materials at present and enhances productivity while reducing carbon emissions.

In order to solve the problem faced in moving material for hyper-local application, Technovos embarked on developing a product for safe material movement. We have built a purpose-built product including concept development, design engineering, integration, and assembly. At present there are no purpose-built electric wheelbarrow in India market.

Specifications: Our electric wheelbarrow has a capacity to carry 350 kg to 500 kg at a time. It can carry materials with minimal human effort. The 3-wheel drive system operates in both forward and reverse direction. it is also fitted with electronic and mechanical brakes for safety during operation. Range of 30Km/Charge with Li-Ion Battery.

The GaadE represents a breakthrough in material movement, providing an eco-friendly and efficient solution for construction sites, landscaping projects, industries, warehouses for bulk material handling and various other applications.

GaadE- Electric
Milestone: Presently in Go-to-Market stage, Appointing dealers across Pan-India, Commercial sales to start Q4 2023

A2) GaadE- Electric Wheelbarrow (Autonomous Version)

In a world where autonomy and sustainability converge, the emergence of the autonomous electric wheelbarrow represents a groundbreaking leap forward in labour-intensive tasks, promising to transform industries and redefine the future of manual material handling. The autonomous electric wheelbarrow is not just an electric motor-driven upgrade of its traditional counterpart; it embodies a fusion of cutting-edge technology, eco-friendliness, and automation.

Key Features:

  • Electric Propulsion: 4kW 3Phase Induction Motor, it can efficiently move substantial loads.
  • Autonomous Navigation: Advanced sensors and AI algorithms enable self-navigation, obstacle avoidance, and precise manoeuvring.
  • Load Capacity: Pay load capacity 500 Kg, reducing the need for human effort.
  • Sustainability: With zero emissions and energy-efficient operation, it contributes to a greener environment.

Applications:

AgTech: In the realm of Precision Agriculture Technology (AgTech), the introduction of electric wheelbarrows is a game-changing innovation, offering farmers and agronomists a versatile and efficient solution to improve farm operations and crop management.

Warehousing: The integration of autonomous electric wheelbarrows into warehouse operations marks a significant leap forward in material handling efficiency and sustainability. These innovative solutions are poised to transform the warehousing and logistics industry, streamlining operations, and reducing costs while enhancing safety and environmental responsibility.

GaadE- Electric-Wheelbarrow
Milestone: Platform under development. PoC by Q1 2024.

B1) Novo MX23- Diesel Powered Mini Excavator

Novo MX23 is a 2.3 ton Mini Excavator which has been indigenously developed by Technovos. This is for the first time a mini excavator has completely been built in India by SME in India. A range of features include track extension, long-range working boom, high performance hydraulics and world-renowned Mitsubishi Diesel engine for best performance and fuel efficiency.

We premiered the machine at EXCON 2022 held at Bangalore International Exhibition Centre, with the support of Mitsubishi diesel engines.

At present we have completed 1000+ hours of testing and trials under various working conditions in and around Bangalore.

We are developing the electric mini excavator for the India market.

Novo MX23- Diesel
Milestone: Starting commercial production in Q2-2024

B2) MinE-MX 20-Electric Mini Excavator

MinE MX 20 is a 2 ton Mini Electric Excavator which is under development by Technovos. In the electric powered mini-excavator in discussion, the engine-fuel tank sub-system is replaced by motor-battery sub-system. The electric motor provides the input to hydraulic pump, wherein the battery pack supplies power to the motor. There are other accessories involved such as the motor controller, battery management system, etc.

# Electric Diesel
Power 7.084 kW 7.234 kW
Fuel cost per hour ₹ 50.6/hour ₹ 202.8/hour
Fuel cost per month ₹ 20,240 ₹ 81,120
Maintenance cost per month ₹ 0 ₹ 3,400
Total cost per month ₹ 20,240 ₹ 84,520
Table: Operational Cost difference between Electric Powered and Diesel-Powered Mini Excavator
MinE-MX
Milestone: Development under progress, to complete commercial agreements and procurement by Q3-2024

C1) ShaktE- All Terrain Vehicle (IC-ATV) in collaboration with The Edge Products

Technovos has signed MOU with The Edge Products, Australia. The Edge Products is a Perth, Western Australian company which has been designing and manufacturing off-road recreational vehicles since 1989. Vehicles range from small off-road go karts to high performance off-road race buggies/ATV’s.

Technovos has signed agreements with The Edge Products for manufacturing, marketing and distribution of their products for India Market. We are building their products for the India market with local sourcing and in-house manufacturing. We also have agreement with them for supplying Made in India products to regional markets in Asia. Their applications are also for high performance defense and surveillance applications.

The Edge Products has a vehicle to suit most tastes and age-groups ranging from the "Raven" which is suitable for ages five years upwards, to the "Barracuda" single seat and X2 twin seat buggy. These high-performance machines cater for the adventurous adult who thrives on wild acceleration and high speed driving.

Specifications: Box section chassis and full tubular roll cage, rack and pinion steering, 9HP-14HP engine, CVT transmission, and fitted with hydraulic disc brakes.

At present we have taken up the development of Taipan II and Fun Kart which is for the commercial segments.

taipanII
Milestone: Indigenization under progress for local sourcing of components, prototype completion by Q2 2024

C2) ShaktE-Electric All Terrain Vehicle (E-ATV) in collaboration with The Edge Products

Technovos has signed MOU with The Edge Products, Australia. The Edge Products is a Perth, Western Australian company which has been designing and manufacturing off-road recreational vehicles since 1989. Vehicles range from small off-road go karts to high performance off-road race buggies/ATV’s.

In addition to their commercial recreational product applications, we are also developing Electric ATV for high performance defense and surveillance applications.

At present we have taken up the development of Taipan II for Electric ATV for defense, strategic and forest patrolling applications.

Specifications: Box section chassis and full tubular roll cage, rack and pinion steering, 9HP-14HP engine, CVT transmission, and fitted with hydraulic disc brakes.

ShaktE-Electric
logo
Milestone: EV ATV development under progress, completion by Q4 2024.