The logistics sector has become the biggest adopter of electric vehicles in India. However, in the two-wheeler space, the attrition rate due to physical and mental fatigue is alarming for both lease and fleet operators. Can Qargos, with its innovative two-wheeler form factor, help address this issue? Alok Das and Vijay Parveen, the founders of Qargos, explain
Parked at Dassault Systems’ Massachusetts Experience Centre is an electric two-wheeler that looks unlike anything currently on the market! From a distance, it appears larger than a TVS Apache motorcycle, but up close, it is roughly the same size. The key difference? Instead of an engine or batteries, the Qargos F9 houses a large integrated box within its chassis. Capable of carrying 120kg in this 225-litre space, Pune-headquartered Qargos is targeting the logistics sector with the F9.
Alok Das, co-founder of Qargos, explains, “This is a new form factor in the two-wheeler industry, designed and manufactured in India for global markets.”
The startup aims to deliver 1000 Qargos F9s this year, followed by 20,000 next year, and over 30,000 in the third year. Currently, it is testing the product with major logistics companies in India. For Qargos, the strategy moving forward involves collaborations with lease players and fleet operators.
Vijay Praveen, founder of Qargos, says, “Most businesses in need of such a solution will experience it through a lease partner or fleet operator. This compact logistics vehicle (CLV) is versatile, suitable for numerous applications, including delivery vehicles, roadside assistance, firefighting, and emergency ambulances.”
In developing the F9, the startup has filed over 100 patents in various countries, investing more than ₹15 million in the process. Approximately 50 of these patents have been granted, and the founders are optimistic about securing the rest in the coming months.
“Patents filed cover technology, structural elements, and utility. We’ve created a comprehensive network of patents, ensuring it will take competitors several years to develop anything similar,” a confident Das states.
Das also notes that many traditional organisations hesitate to take product risks due to their structural limitations. “In fact, several legacy companies are now retracting their earlier electric vehicle initiatives. For them to adopt this technology, it could take up to four years of research,” he adds.
The startup reveals that its research indicates one in every 25 people in India uses their two-wheeler for commercial purposes. There are around 230 million registered two-wheelers in India. Though they have already localised over 75% of the product, the startup has so far been funded solely by family and friends.
“We are open to raising funds as long as it doesn’t restrict our ability to enhance the product further. We will onboard partners who can accelerate our manufacturing process,” Praveen adds.
The logistics sector has become the biggest adopter of electric two- and three-wheelers in India. The startup is also keen to explore markets in Africa, Europe, and other international regions for the deployment of the Qargos F9.
