In an exclusive interview with TimesTech, Mr. Sumit Aneja, the visionary founder of Speedways Electric, shares insights into the company’s journey in the electric vehicle (EV) industry. From innovative designs to cutting-edge technology, Speedways Electric is driving the transition to sustainable transportation, reducing carbon emissions, and revolutionizing mobility solutions. Discover how they’re shaping the future of EVs in India and beyond.
Read the full interview here:
TimesTech: What motivated your organization to enter the electric vehicle (EV) industry and establish Speedway Electric as an EV venture?
Mr. Sumit: In the dynamic realm of electric vehicles (EVs), there is one prominent figure leading the way – Sumit Aneja, the visionary founder of Speedways Electric. With an unwavering commitment to excellence and a fervent passion for eco-friendly mobility solutions, Sumit has played a pivotal role in revolutionizing the EV industry in India and beyond.
Sumit’s journey commenced with a captivating encounter at the Auto Expo 2014 when Ratan Tata couldn’t resist the charm of an electric toy train and took a ride. What Tata didn’t know was that the mastermind behind that electrifying experience was none other than Sumit Aneja himself. Fueled by his love for innovation and exploring exciting ideas, Sumit embarked on a mission to design and manufacture innovative EVs.
At Speedways Electric, Sumit’s brainchild, he has brought to life a range of campus electric vehicles and road-ready electric vehicles. His remarkable designs are powered by lead-acid and lithium batteries, offering impressive ranges.
Driven by his dedication to a greener tomorrow, Sumit has pioneered innovative strategies for the widespread adoption of electric vehicles in India. Under his guidance, Speedways Electric has developed numerous new models that cater to diverse industries, establishing it as the largest range of EVs in the country and one of the largest in Asia. Furthermore, Sumit has spearheaded the design and development of a state-of-the-art green manufacturing facility in Jalandhar, Punjab, ensuring the production of unique and customized electric vehicles.
TimesTech: What specific types of electric vehicles does Speedway Electric offer, and what sets them apart from traditional combustion engine vehicles?
Mr. Sumit: In India and internationally, Speedways Electric stands as a company with the largest range of electric vehicles, making us an unparalleled choice for sustainable transportation solutions. We are committed to driving the EV revolution forward; delivering exceptional products and services that transform the way people commute and contribute to a greener future.
Here are some of the top products by house of Speedways Electric:-
- Royale: Speedways Electric has developed Royale, a vintage-shaped Golf cart, for a unique and stylish golfing experience. This innovative design has been patented, showcasing our commitment to originality and distinctive product offerings.
- SET 1: Speedways Electric has designed SET 1, a small and cost-effective tugger for industries, capable of towing up to 1000 kg. This innovative solution provides an efficient and economical option for material handling needs in various industrial settings.
- Micro Bus: Speedways Electric has developed Micro Bus, one of the most affordable small buses available in the world. This 9 and 12-seater bus offers cost-effective transportation solutions, making it accessible to a wide range of users.
- eMigo: Speedways Electric has created eMigo, a small vehicle in the L6 category, catering to both passenger and commercial segments. This innovative vehicle offers efficient and sustainable transportation solutions, suitable for various urban mobility needs.
- Suspension Technology Collaboration: Speedways Electric has collaborated with a company from Ukraine to develop innovative suspension technology. This partnership has resulted in advancements in suspension systems, enhancing vehicle performance, comfort, and safety.
- Lightweight and Stronger Vehicles: Speedways Electric has focused on innovation in materials and technology to make vehicles lighter and stronger. This approach improves energy efficiency, extends battery range, and enhances overall vehicle performance.
- Electric Fire Truck: Speedways Electric, in collaboration with Avinash Fire Systems, has developed a cheaper electric fire truck that can be utilized by various industries. This innovative solution combines environmental sustainability with firefighting capabilities.
TimesTech: Could you provide some details about the technology and engineering behind your EVs? What advancements or innovations have you incorporated into your vehicles?
Mr. Sumit: Our electric vehicles (EVs) represent a culmination of cutting-edge technology and innovative engineering, designed to provide efficient and sustainable mobility solutions. At the core of our EVs is a commitment to lightweight materials which not only reduce the overall weight of the vehicle but also enhance its energy efficiency and range. One of our key strengths lies in international collaborations for vehicle design. By partnering with experts from around the world, we infuse global best practices and the latest technological advancements into our EVs. This ensures that our vehicles meet not only domestic but also international standards of quality and safety. To cater to diverse terrains, we have developed a dual technology system that adapts seamlessly to both plain and hilly areas. This innovative feature optimizes the performance of our EVs, providing a versatile and reliable driving experience regardless of the landscape.
Customization is another hallmark of our vehicles. We understand that each customer has unique needs and preferences, so we offer a range of customizable options allowing users to tailor their EV to their specific requirements. Our commitment to structured technology extends to every aspect of our EVs, from their propulsion systems to onboard electronics. This ensures the reliability and longevity of our vehicles, setting new benchmarks for the EV industry.
Recognizing the challenging conditions of Indian roads and the environment, we have developed special technology for the body structure of our EVs. This technology is engineered to withstand the rigors of Indian roads while being environmentally conscious, promoting sustainability in our designs.
TimesTech: Please enlighten our readers about the vision of Speedway Electric for the future of the EV industry, and what are the key steps taken by company in this direction?
Mr. Sumit: Speedways Electric, in its ambitious future strategy, is set to offer an unparalleled range of electric vehicles catering to a diverse customer to passenger segment. With a product launch cadence of every 6-8 months, the company is poised to create waves in the market with its dynamic and innovative approach.
At the heart of Speedways Electric’s vision lies its extensive lineup of last-mile and campus vehicles. This lineup encompasses a comprehensive range that spans from LCVs and quad cycles, all the way up to micro electric buses. This holistic approach ensures that Speedways Electric is covering a wide spectrum of transportation needs, making electric mobility solutions accessible to various consumer groups.
What truly sets Speedways Electric apart is its commitment to both campus and on-road applications. With successful implementations within campuses, the company has not only validated its technology but also demonstrated readiness for the transition to on-road versions. This transition signifies a pivotal step towards making sustainable electric transportation a reality for a broader audience beyond controlled campus environments.
Speedways Electric’s mission is underpinned by a dedication to advancing electric mobility. Their strategy aligns with this mission by creating a diverse and extensive product portfolio that caters to different segments of the market. By covering everything from individual quad cycles to larger-capacity micro electric buses, Speedways Electric is positioning itself as a one-stop solution provider for the evolving electric transportation landscape.
TimesTech: In what ways does Speedway Electric contribute to the overall transition to sustainable transportation and reduced carbon emissions?
Mr. Sumit: Speedway Electric plays a pivotal role in driving the transition to sustainable transportation and the reduction of carbon emissions through several impactful initiatives. The company’s commitment to advancing electric vehicle (EV) infrastructure is a key component of this contribution.
Speedways Electric has been at the forefront of creating some of the most economically viable options for last-mile transportation in both passenger and utility vehicle applications, including buses, LCVs, and small electric cars. To ensure the highest standards of quality and performance, Speedways Electric has made strategic investments in battery manufacturing for both lead-acid and lithium batteries. Through continuous innovation, we have pushed the boundaries of battery technology to provide superior products. In addition, our commitment to excellence extends to in-house tire manufacturing through our sister concern, Speedways Tyres.
The company takes pride in the fact that Speedways Electric is unmatched in its comprehensive approach to the EV industry. We have worked diligently to provide a 360-degree solution encompassing manufacturing, technology, battery innovation, and tire production. Our dedication to addressing the mobility needs of various sectors has positioned us as a true industry leader.
In India and internationally, Speedways Electric stands as a company with the largest range of electric vehicles, making us an unparalleled choice for sustainable transportation solutions. We are committed to driving the EV revolution forward, delivering exceptional products and services that transform the way people commute and contribute to a greener future.
