Anthill Ventures Invests in Uniti, an Urban Mobility Electric Car Suitable For Indian Roads1 year ago Saritha Keshamoni
Anthill Ventures, an investment and scaling platform for early growth stage startups that want to scale with speed, today announced its investment in Uniti, a Swedish urban mobility electric car startup.
Anthill has developed a focus on future cities and specifically invests in technologies and innovations that have a large India and South East Asia market potential, working closely with the startups to help them scale in these regions.
This investment will bring in awareness and opportunity for consumers to experience a modern 100% electric car that is safe, agile and suitable for Indian roads. Uniti is an L7e vehicle with five seat option in India with an estimated starting cost of approximately INR 7.5 lakhs.
“As part of our focus on Future Cities we are excited to partner with Uniti, help them enter and scale in India and South East Asia. Mobility in future cities will see significant change, we believe that Uniti can be a significant part of this change” said Prasad Vanga, Founder and CEO of Anthill Ventures.
The vehicle is developed on a platform that is optimized for resource efficiency, safety, and manufacturing scalability. It is optimized for modern cities, and is lightweight to maximize battery performance. The body and safety features provide uncompromising crash safety, but by leveraging emerging technologies in the field of computer vision, deep learning, and vehicle autonomy, Uniti puts a strong focus on crash avoidance.
Commenting on the tie-up, Uniti founder and CEO Lewis Horne said “It is clear that India can be a really strong market for us, and we want to contribute a better driving and living experience in Indian cities with our products. Of course, this requires strong partners in the region and Anthill is definitely doing things the right way and for the right reasons.” Anthill Ventures will be providing Uniti a platform to explore market opportunities in India and South East Asia.
Prasad Vanga added, “Uniti has a unique and contemporary approach in providing e-mobility solutions. With our strong and experienced footprint in the Indian and South East Asian market, we aim to introduce this affordable smart utility to our community and bring a change in the way people commute. This partnership will help achieve a cost-effective and pollution-free solution for mobility.”
Uniti exists to meet the challenges of global mobility by producing safe, clean and affordable vehicles that balance the environmental and sustainability needs of society with mass market desires for progressive design, premium experience, and high performance. Uniti’s first vehicle, the Uniti One, was launched in December
2017 at its production facility in Landskrona, Sweden. Learn more at www.uniti.earth.
Anthill Ventures is an investment and scaling platform for early growth stage startups that want to scale with speed. The thesis revolves around finding right partners globally among funds, family offices and accelerators and then co-
investing along with them in highly scalable business ideas that have growth opportunities in Asia and beyond. In addition to their investments, Anthill brings a unique speed scaling platform to work with startups that can scale them towards a Series A within 12 months.