iGo: Compact Mobility with Electric Twikes

This post is a part of the Early Stage Climate Startup series from Climafix 2024

Highlights

iGo’s Twike EV merges the agility of a 2-wheeler, the stability of a 3-wheeler, and the security of a 4-wheeler.
Features include intelligent tilting, active balancing assist, and dual-hub drive with AI self-sync functionality.

New Design: iGo’s Twike integrates the flexibility of a 2-wheeler, and the stability of a larger vehicle, delivering a versatile, enclosed electric trike platform with enhanced safety features.
Tech: Built on a compact trike architecture, the Twike uses AI-powered stabilization for road stability, with features such as dual-hub AI self-sync drive, auto summon, auto park, and auto dock.

Inadequate two-wheeler options: Current two-wheelers are affordable but lack the necessary safety, stability, and capacity required for cargo or multiple passengers.
Unviable four-wheeler alternatives: Traditional four-wheelers remain prohibitively expensive, particularly for emerging markets.

The narrow-track modular trike architecture of Twike ensures that the vehicle uses less energy while maximizing road space efficiency.
iGo’s platform includes Vehicle as a Service (VaaS) and Battery as a Service (BaaS) models, which promote users to access vehicles on-demand.

Current Target Segments: Merchants, street vendors, and bike-taxi operators mostly in Tier II and III cities.
Future Target Segments: Expanding into niche logistics, agriculture, and last-mile delivery.

Advanced technology integration: Patented features like intelligent tilting, active balancing assist, and dual-hub AI self-sync drive provide superior control and stability.
Micro-factory production: iGo’s micro-factory blueprint allows for cost-efficient and rapid production, tailored to local market needs.
Modular design: The Twike’s narrow-track, modular design is highly adaptable, enabling customization for varied use cases, from cargo vehicles to luxury transport.

Sravan Appana (Co-founder & CEO): Sravan has over 12 years of experience in technology development across FinTech, IoT, Cloud Infrastructure, and Sustainable Mobility. A serial entrepreneur, he has led two companies to successful exits.
Suresh Baba Salla (Co-founder & CTO): With 22 years of innovation experience and over 25 patents in mobility, Suresh specializes in operations and quality control, leveraging his background as a former IRSE Rail Engineer.
Chaitanya E (Co-founder & COO): An alumnus of IIT-Madras and ISB, Chaitanya manages operations, ensuring that iGo’s products are scalable, sustainable, and technologically advanced.