The Driving Force

It’s just the dawn of electric mobility, but Coimbatore-based Ampere Vehicles’ plants are churning out e-bikes and e-cycles in top gear

- Anshul Dhamija

Hemalatha Annamalai refuses to disclose how old she is despite numerous requests. “You really need this data?” asks the founder and CEO of Ampere Vehicles Pvt Ltd (AMPVL). Set up in 2008, the Coimbatore-based company, which counts Ratan Tata and Infosys co-founder Kris Gopalakrishnan as investors, manufactures electric cycles (where one can switch between a pedal and battery mode), scooters and three-wheelers.

There’s something else she’s not willing to divulge: AMPVL’s revenues and profits. “We are in advanced discussions to raise funds. So I can’t share these details,” she says.