iTIC Incubator

Est. May 30 2019

Persist Energy

Deusexvolt Electric Pvt. Ltd.

Persist is making transportation affordable to the micro entrepreneurs of India by making EV technology affordable and suitable for the infrastructure of India through localization, indigenous platform development, fostering supporting ecosystem and flexible battery ownership.

Founding Members

Bharavi Butta

Founder CEO

Amazon Robotics, EZGRADPAD

MS Technological Entrepreneurship

B.Tech Mechanical Engineering

Harshin Lalpet

Founder COO

Mahindra and Mahindra, IZA, Murtle

B.Tech Automobile Engineering

Ashish Joseph

Founder CTO

MERU, Dubai Technologies

B.Tech Computer Science

Team Members

3 Co-founders

Target Market

MSMEs
Street Vendors
Green Campuses
On demand Logistics

Sector

EV
Mobility

Problem Statement

Small business owners spend most of their income on fuel and make a great use case to catalyze the adoption of EVs. The problem is that the EVs currently being sold are either built for urban commuters or are way too poor in quality to support the requirements of these customer segments. On the top of that EVs are typically are 30% more expensive than ICE vehicles of same performance.

Value Proposition

A real, practical and tailored option for transportation needs of MSMEs so that they may reduce their logistics expenses and scale faster.

Current Stage

Prototype

Type of Business

Product-based
Service-based

Products / Services

Building EVs designed to meet the requirements of growing MSMEs in India, and providing the ecosystem necessary for MSMEs to adopt EVs with innovative business models.

Key Highlights

Autodesk Technological Impact Program - Recipient of in-kind grant of $70,000
Northeastern University IDEA Venture Accelerator Gap & Alpha Fund recipient - $15,000
Mass Challenge Venture Accelerator 2021 Cohort Top 20 from 3000 Startups - Gold Award Recipient - $25,000
Grand Idea Challenge by AIC ISB - Runner up in Mobility segment
TSIC - TSpark Grant Recipient

Disclaimer: The information shared in the document is provided by the startup. iTIC shall not be held responsible for the information shared by the startup.