Speedways Electric Sparks a Revolution in India’s EV Sector with Cutting-Edge Last-Mile Utility Solutions

CXOToday has engaged in an exclusive interview with Mr. Sumit Aneja, Founder, Speedways Electric

1. What motivated you to enter the electric vehicle (EV) industry and establish Speedway Electric as an EV venture?

Ans – 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.

2. What differentiates Speedways from any other brand?

Ans – What truly sets Speedways Electric apart from any other brand is our unwavering commitment to innovation. We have consistently been at the forefront of the EV industry, pioneering ground-breaking solutions that were previously unheard of. Our ability to envision and create solutions that did not exist before differentiates us from the competition.

Speedways Electric takes pride in being a first mover in the Indian EV industry. We have continuously set new benchmarks by introducing cutting-edge technologies and launching innovative EV models. Our focus on staying ahead of the times and anticipating market needs enables us to provide our customers with state-of-the-art products that are at the forefront of industry trends.

By consistently pushing the boundaries of what is possible in the EV industry, Speedways Electric has established a reputation for being an innovator and trendsetter. We are dedicated to creating technologies and models that offer superior performance, enhanced features, and increased efficiency, providing our customers with an exceptional EV experience.

In summary, what differentiates Speedways Electric from any other brand is our unmatched spirit of innovation, being the first mover in the Indian EV industry, and our continuous pursuit of new technologies and models. We strive to redefine the EV landscape, setting new industry standards and delivering cutting-edge solutions that meet the evolving needs of our customers.

3. What are different Products & Solutions of Speedways?

Ans – Speedways Electric offers a diverse range of products and solutions across three key segments:

• Hospitality: In the hospitality segment, Speedways Electric provides electric vehicles for various applications. This includes golf carts, F&B vehicles, housekeeping vehicles, and sightseeing buses. These vehicles are designed to meet the specific needs of large campuses such as resorts, townships, and educational institutions, offering efficient and sustainable transportation options for guests, staff and also custom vehicle for physically challenged people.
• Industrial: Speedways Electric caters to the industrial sector by offering specialized vehicles for material movement within plants. This includes solutions such as electric tuggers and maintenance vehicles that enhance efficiency and productivity in industrial settings. Additionally, Speedways Electric has developed innovative fire-fighting vehicles tailored to industrial requirements, ensuring safety and protection.
• Last Mile: In the last mile segment, Speedways Electric focuses on providing on-road electric vehicles for both passenger and utility applications. This includes three-wheelers and four-wheelers designed for efficient and cost-effective transportation solutions in the last mile. These vehicles are ideal for urban environments, offering a sustainable alternative to conventional gasoline-powered vehicles.

By offering a wide range of products and solutions in these segments, Speedways Electric addresses the mobility needs of different industries and applications. Through continuous innovation and a customer-centric approach, Speedways Electric strives to provide reliable, eco-friendly, and efficient electric vehicles that contribute to a greener and more sustainable future.

4. What advancements or innovations have you incorporated into your products?

Ans – Key Innovations done by Speedways are as follows –

Speedways Electric has been at the forefront of innovation in the EV industry, introducing several ground-breaking solutions that have set new industry standards. Here are some of the top innovations by Speedways:

• Royale: Speedways Electric has developed Royale, a vintage-shaped Golfcart, 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 1000kg. 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. This will launch in Europe soon.
• 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.

These innovations demonstrate Speedways Electric’s commitment to pushing the boundaries of what is possible in the EV industry. By introducing these innovative solutions, Speedways Electric aims to provide customers with unique, efficient, and sustainable mobility options for various applications.

5. 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?

Ans – 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.