In a world where every cleantech company want to become energy distribution companies by owning assets and operating EV chargers for the sale of energy, we want to establish ourselves in the OEM field. We believe the EV Charging business is anything but profitable. The CAPEX involved doesn’t get returned for at least 7-8 years in normal usage trends. Even in the Europe and the US, Charging station operating companies are not at all profitable and they don’t expect to get profitable for the most part of this decade. Coming to Indian markets where the development for adoption towards EVs is in very initial stages, raising funds just to be spending on owning assets (EV Charging Stations) makes near to zero sense. Thats where Tirex comes in. Our vision to enter this market purely as an OEM company allows us to be profitable right from the day one. As the demand increases, more and more companies will enter this field as an energy distribution company. We manufacture the EV chargers to ...
In a world where every cleantech company want to become energy distribution companies by owning assets and operating EV chargers for the sale of energy, we want to establish ourselves in the OEM field. We believe the EV Charging business is anything but profitable. The CAPEX involved doesn’t get returned for at least 7-8 years in normal usage trends. Even in the Europe and the US, Charging station operating companies are not at all profitable and they don’t expect to get profitable for the most part of this decade. Coming to Indian markets where the development for adoption towards EVs is in very initial stages, raising funds just to be spending on owning assets (EV Charging Stations) makes near to zero sense. Thats where Tirex comes in. Our vision to enter this market purely as an OEM company allows us to be profitable right from the day one. As the demand increases, more and more companies will enter this field as an energy distribution company. We manufacture the EV chargers to meet this growing demand. Right from very small 3.3 kW chargers to very powerful 360 kW chargers, we are covering all the possible business verticals. Staying profitable from day one allows us to invest in R&D to develop better and better products to stay competent in the market. Even though being the smallest company in India working as an OEM, we have made our mark amongst large names like Ashok Leyland, Tata Power and more. Our products are at par with products from Siemens, Exicom, Delta electronics and more. Being an OEM allows us to understand the whole EV Charging ecosystem better than every energy company. Our CMS and Mobile application worked very closely with our electrical team to understand OCPP and create the perfect mobile application for the end user. Our specialisation in manufacturing and end user CMS will allow us to enter the energy distribution sector whenever it becomes large enough to be profitable. Being a manufacturer, we will always enjoy the gross profits on selling our products to different companies, government bodies, commercial spaces and more. We strongly believe that Fund Raising is not profit and Pitch deck is not business.
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