Anthill Ventures, an
investment and scaling platform for early growth stage startups that want to
scale with speed, has announced its investment in Uniti, a Swedish urban
mobility electric car startup. This investment will bring in awareness and
opportunity for consumers to experience a modern 100% electric car that is
safe, agile and suitable for Indian roads. Uniti is an L7e vehicle with five
seat option in India with an estimated starting cost of approximately Rs 7.5
Uniti's first vehicle, the
Uniti One, was launched in December 2017 at its production facility in
Uniti of Sweden and India’s
Bird Group had earlier this year announced their intention to enter the Indian
market with an electric car. The two companies together participated at the
Auto Expo-The Motor Show 2018 held from February 9 to 14, 2018 at the India Expo
Mart in Greater Noida on the outskirts of New Delhi.
CLICK HERE TO READ UNITI – BIRD GROUP TIE UP
Meanwhile, Anthill has
developed a focus on future cities and specifically invests in technologies and
innovations that have a large India and South East Asia market potential,
working closely with the startups to help them scale in these regions.
"As part of our focus on
Future Cities we are excited to partner with Uniti, help them enter and scale
in India and South East Asia. Mobility in future cities will see significant change,
we believe that Uniti can be a significant part of this change" said
Prasad Vanga, Founder and CEO of Anthill Ventures.
The vehicle is developed on a
platform that is optimized for resource efficiency, safety, and manufacturing
scalability. It is optimized for modern cities, and is lightweight to maximize
battery performance. The body and safety features provide uncompromising crash
safety, but by leveraging emerging technologies in the field of computer
vision, deep learning, and vehicle autonomy, Uniti puts a strong focus on crash
Commenting on the tie-up,
Uniti founder and CEO Lewis Horne said “It is clear that India can be a really
strong market for us, and we want to contribute a better driving and living
experience in Indian cities with our products. Of course, this requires strong
partners in the region and Anthill is definitely doing things the right way and
for the right reasons.” Anthill Ventures will be providing Uniti a platform to
explore market opportunities in India and South East Asia.
Prasad Vanga added, “Uniti has
a unique and contemporary approach in providing e-mobility solutions. With our
strong and experienced footprint in the Indian and South East Asian market, we
aim to introduce this affordable smart utility to our community and bring a
change in the way people commute. This partnership will help achieve a
cost-effective and pollution-free solution for mobility.”
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