MathWorks partners with Altigreen to revolutionize last-mile delivery in India

Share via:

Indian electric vehicles company Altigreen Propulsion Labs today said it has partnered with MathWorks, the developer of mathematical computing software, to boost the development of Altigreen’s flagship electric three-wheelers, called the NEEV.

The collaboration seeks to navigate through India’s bustling three-wheeler market, which currently sees over 6 million petrol and diesel-powered vehicles on the roads.

Altgreen developing eco-friendly electric vehicle

Founded in 2013, Bengaluru-based Altigreen focuses on creating electric vehicles specifically for the last-mile transportation segment in India, ensuring they are suitable for Indian roads and driving behaviours.

The company, which has a wide-reaching patent portfolio and recently raised Rs 300 crore in investment, has a presence across India.

Altigreen, which has been actively involved in the electric three-wheeler sector in India, designs its vehicles with a focus on affordability and accessibility for small business owners and independent drivers among others. The NEEV has been recognized for its eco-friendly and efficient performance in the market.

“Using MATLAB and Simulink enabled our teams to rapidly test ideas and iterate on new design enhancements and features. Our proactive approach of investing in simulation and clean technologies, such as electric powertrains, helped the company reduce emissions and noise and create electric three-wheelers that outperform their fossil fuel counterparts in terms of torque, power, and range,” said Amitabh Saran, founder and CEO of Altigreen.

What is the MathWorks Startup Program?

The partnership with MathWorks began when Altigreen joined the MathWorks Startup Program.

According to the company’s statement, The program provides early-stage startups with access to software and applications crucial for developing prototypes and scaling production, along with offering technical mentoring and support. 

Altigreen, now a graduate of the program, employs Model-Based Design to streamline development time and integrate simulations with actual test data to enhance the design process.

“Altigreen’s participation in the MathWorks Startup program allowed it to gain early access to our industry- standard tools and enabled the company to accelerate its product development time and scale commercially,” said Sunil Motwani, Country Manager, Sales & Service. 

“Designing a new drivetrain from scratch can take two years, but the Altigreen team’s usage of Model-Based Design enabled them to complete their last drivetrain redesign in under 13 months,” Motwani added.

What does MathWorks do?

Established in 1984, MathWorks specializes in developing mathematical computing software and provides tools that are widely used in numerous universities and learning institutions globally.

The company, with over 6,000 employees in 34 offices worldwide, supports various industries, including automotive and aerospace, in accelerating discovery, innovation, and development.

Also Read:

Bizongo lays off employees right after raising $50 million at close to unicorn valuation

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

MathWorks partners with Altigreen to revolutionize last-mile delivery in India

Indian electric vehicles company Altigreen Propulsion Labs today said it has partnered with MathWorks, the developer of mathematical computing software, to boost the development of Altigreen’s flagship electric three-wheelers, called the NEEV.

The collaboration seeks to navigate through India’s bustling three-wheeler market, which currently sees over 6 million petrol and diesel-powered vehicles on the roads.

Altgreen developing eco-friendly electric vehicle

Founded in 2013, Bengaluru-based Altigreen focuses on creating electric vehicles specifically for the last-mile transportation segment in India, ensuring they are suitable for Indian roads and driving behaviours.

The company, which has a wide-reaching patent portfolio and recently raised Rs 300 crore in investment, has a presence across India.

Altigreen, which has been actively involved in the electric three-wheeler sector in India, designs its vehicles with a focus on affordability and accessibility for small business owners and independent drivers among others. The NEEV has been recognized for its eco-friendly and efficient performance in the market.

“Using MATLAB and Simulink enabled our teams to rapidly test ideas and iterate on new design enhancements and features. Our proactive approach of investing in simulation and clean technologies, such as electric powertrains, helped the company reduce emissions and noise and create electric three-wheelers that outperform their fossil fuel counterparts in terms of torque, power, and range,” said Amitabh Saran, founder and CEO of Altigreen.

What is the MathWorks Startup Program?

The partnership with MathWorks began when Altigreen joined the MathWorks Startup Program.

According to the company’s statement, The program provides early-stage startups with access to software and applications crucial for developing prototypes and scaling production, along with offering technical mentoring and support. 

Altigreen, now a graduate of the program, employs Model-Based Design to streamline development time and integrate simulations with actual test data to enhance the design process.

“Altigreen’s participation in the MathWorks Startup program allowed it to gain early access to our industry- standard tools and enabled the company to accelerate its product development time and scale commercially,” said Sunil Motwani, Country Manager, Sales & Service. 

“Designing a new drivetrain from scratch can take two years, but the Altigreen team’s usage of Model-Based Design enabled them to complete their last drivetrain redesign in under 13 months,” Motwani added.

What does MathWorks do?

Established in 1984, MathWorks specializes in developing mathematical computing software and provides tools that are widely used in numerous universities and learning institutions globally.

The company, with over 6,000 employees in 34 offices worldwide, supports various industries, including automotive and aerospace, in accelerating discovery, innovation, and development.

Also Read:

Bizongo lays off employees right after raising $50 million at close to unicorn valuation

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

PayPal stock falls 7% after weak Q4 forecasts

Despite better than expected Q3 earnings, July to...

Gentler Streak adds new sleep insights with its latest...

Apple Watch has gained a lot of sleep...

Tony Fadell takes a shot at Sam Altman in...

iPod creator, Nest Labs founder, and investor Tony...

Popular

Upcoming Events

Startup Information that matters. Get in your inbox Daily!