Technovos is revolutionizing sustainable mobility solutions and leading innovation in material transportation
CXOToday has engaged in an exclusive interview with Bharath Anantha Srinivas, the CEO of Technovos Machinery Private Limited,
Q: What is Technovos, and what is its primary focus?
A: Technovos, established in 2022, is a sustainable mobility solutions provider with a primary focus on hyper-local commercial and agricultural applications. The company specializes in purpose-built machines designed to address inefficiencies in material transportation for construction, urban development, and agriculture.
Q: What challenges does Technovos aim to address with its products?
A: Technovos aims to tackle industry challenges such as occupational fatigue, safety hazards, and inefficiencies in material transportation. The company’s innovative solutions, including the 2.3-ton Mini Excavator and the electric wheelbarrow-GaadE, are designed to revolutionize material movement, promoting sustainability and efficiency.
Q: Why did Technovos enter the hyper-local material movement market?
A: Technovos recognized shortcomings in existing material movement methods, particularly in hyper-local contexts. The absence of purpose-built machines prompted the company to venture into this market, designing solutions tailored for construction, urban development, agriculture, and more.
Q: What makes Technovos’ electric wheelbarrow unique in the market?
A: Technovos’ electric wheelbarrow stands out with its versatility, accommodating both indoor and outdoor use with a remarkable 1-ton payload. Notable features include a swappable lithium-ion battery for uninterrupted operation, gradability, compactness, telematics, and autonomous capabilities.
Q: From which sectors does Technovos expect strong demand for its products?
A: Technovos anticipates robust demand from various sectors, including construction, urban development, agriculture, and operational and maintenance fields. The company’s diverse product portfolio addresses material movement challenges across industries, enhancing productivity, safety, and sustainability.
Q: What support has Technovos received from governmental and institutional bodies?
A: Technovos has garnered significant support, receiving grants from the Government of Karnataka under the Elevate 2023 program for Cleantech innovation. Additionally, the company secured the Nidhi Prayas grant from SID, IISc, highlighting its commitment to product innovation and sustainable mobility solutions with governmental and institutional recognition.
Q: Who is Bharath Anantha Srinivas, and what expertise does he bring as Technovos’ CEO?
A: Bharath Anantha Srinivas, the CEO of Technovos, is a distinguished second-generation entrepreneur with a rich background spanning scientific research, new product development, and operations management. His extensive advisory roles and a Master’s degree in Engineering specializing in Lean manufacturing reflect his expertise and leadership in driving Technovos’ innovative initiatives.
Q: What are Technovos’s future plans for expansion and market presence?
A: Technovos envisions strategic expansion plans, intending to establish manufacturing islands and dealerships/after-sales service centers across PAN India. This tier-based systematic expansion not only aligns with the company’s commitment to growth but also presents entrepreneurial opportunities. With a diverse product portfolio and industry experience, Technovos aims to position itself as a disruptive product technology solution company in the market. The company is also exploring opportunities in international markets.
