Shell Backed TresMoto Raises Additional Seed Funds

TresMoto, the Shell backed smart EV startup, raises an undisclosed amount in seed funding from Angel Investor and professional CEO, Raaj Kumar.

“We have been working on our product offering and the software around it for about 4 years now. This round of funding will be utilized for final stages of product development and homologation of our flagship electric scooter,” said Shubham Jain, Founder of TresMoto.

The company is currently working on a range of smart electric two-wheelers based on its in-house developed platform OXEN. TresMoto’s flagship offering will be a sleek urban scooter with a top speed of 75 km/h and an array of compact, ergonomic batteries that can be removed from the vehicle and charged at home for a range of up to 90 km for daily users. For weekend riders, the scooter can go further by carrying a range of extender battery pack which fits snug into the boost of the vehicle.

The company is designing its scooters to be functional and minimal to give them a modern and rugged look, along with performance to match the appearance. It is also packing the scooter with smart features like GPS navigation assist, remote locking and unlocking, keyless unlocking and telematics. The scooters will also come along with a companion app which will offer cutting-edge features like AI-powered remote diagnosis, remote asset tracking, personalized rider profile, and ride analytics.

The app will also offer next gen security features like geofencing which will let you easily define the area of usage for your scooters, both for riding and when parked. Although electric scooters have far less service requirement than their petrol counterparts, you will be able to book a service whenever required right at your doorstep.

The company has previously been incubated and funded by Shell. The Shell E4 programme has brought refinement to the company’s development process and their product offerings. The company is focused on making their scooters more reliable and rugged than any other scooter in the market. The founder also mentioned that TresMoto is working on a simpler product optimized exclusively for fleet usage.

The company will pilot with a small batch of these scooters with delivery and rental companies before offering their flagship product to the consumer market.