Victory Electric Vehicles International Limited was incorporated as ‘Victory Electric Vehicles International Private Limited’ on October 26, 2018, as a private limited company, in accordance with the provisions of the Companies Act, 2013, pursuant to a Certificate of Incorporation dated October 26, 2018, issued by the RoC, Central Registration Centre.
The company manufactures electric vehicles ranging from E-rickshaws, E-Cargo/Loader E-Rickshaws, Scooters etc. Its portfolio extends beyond conventional offerings to include customized E-Three Wheelers, catering to specific needs such as Food Three Wheelers and Ice Cream Three Wheelers etc. Its business focuses on capturing the opportunity arising out of electrification of mobility in India and it also seeks opportunities to export its EVs in select international markets in the future.
The company’s products consist of L3 Electric Vehicles, L5 Electric Vehicles and Electric Scooty. L3 electric vehicles are technically classified as electric rickshaws or E-Rickshaws or E-Carts. They have a maximum speed of up to 25 kmph and a motor power of 1200 Watt or less. These are primarily used for passenger transportation over short distances and carrying less load & weight and are widely visible on Indian roads. These E-Rickshaws (L3 category) are operational across India, offering affordable and eco-friendly transport solutions.
L5 electric vehicles are three-wheeled motor vehicles designed to carry people or goods. They have a maximum speed of up to 55 kmph vehicles and a motor power of 3000 Watt or less. Further, Electric scooty is a two-wheeled, motorized vehicle powered by electric motors and rechargeable batteries, providing a sustainable, cost effective and eco-friendly solution to traditional gasoline-powered vehicles. They have maximum speed of 25 kmph.
Business area of the company
The company is engaged in the business of manufacturing of battery-operated electric rickshaw, solar rickshaw, Auto-rickshaws, Motor vehicles, Scooters, Motor-Scooters, three-wheelers, motor cycles, cycles automobiles, motorcars
Products of the company
L3 Electric Vehicles
- Victory Vikrant (base model)
- Victory +
- Victory Bhim
- Victory Bhim Cleaner +
- Victory (Customised)
L5 Electric Vehicles
- Victory King
- Victory City Star
- Victory Virat
- Victory Tejas
- Victory Jitto
Electric Scooty
- Victory Ventura
- V Smart
- Victory Veero
History and milestones
- 2018: The company incorporated as a Private Limited Company.
- 2020: The company converted from private limited to public limited.
- 2020: The company crossed the revenue of Rs 20 crore in FY 2019-20.
- 2022: The company increased the manufacturing capacity to 4,800 electric vehicles.
- 2023: The company Crossed the revenue of Rs 50 crore in FY 2022-23.
- 2024: The company increased the manufacturing capacity to 6,000 electric vehicles.
- 2024: The company launched a new variant of electric vehicles L-5, with 5 new models in the portfolio.