Electric commercial vehicle manufacturer Qucev Technologies Private Limited with a technology partnership with the world’s leading EV maker BYD is significantly scaling up its electric vehicle (EV) production and product portfolio to serve a wide range of industrial segments. The company has recently raised ₹131.25 crore in its Series B funding round, which will be deployed toward plant expansion, new product development, and working capital to support its growth trajectory.
Speaking on the expansion strategy, Anil Bhan, COO – Technology Electric Vehicles and HV Battery, highlighted the company’s commitment to broadening its EV lineup and meeting accelerating demand across commercial and industrial sectors.
Diverse EV Portfolio and Production Capacities
Qucev’s current manufacturing lineup encompasses a diverse range of fully electric vehicles tailored to different commercial applications. These include:
- 3.5‑tonne electric light commercial vehicles (eLCVs)
- Electric tractors
- 28‑tonne haulage EVs
- 55‑tonne heavy commercial vehicles (HCVs)
- Electric transit concrete mixers
The company’s manufacturing facility in Hyderabad has an annual production capacity of 4,800 eLCVs, while electric heavy commercial vehicles (eHCVs) currently have an initial capacity of 2,400 units per year.
Partnerships and Market Deployment
Qucev is working closely with end users including logistics providers and heavy industry companies in sectors like cement, steel, aluminium and bulk materials transportation to support the transition from internal combustion engine vehicles to electric alternatives. These eHCVs are actively being deployed in the transportation of clinker, ore, coal, aluminium coils, cement and other industrial freight. eLCVs, meanwhile, are serving logistics requirements for dairy, fresh food, furniture, pharmaceutical and general delivery use cases.
Electric Transit Mixer and Cost Benefits
At EXCON 2025, Qucev unveiled its electric transit mixer, designed to eliminate tailpipe emissions and reduce operating costs compared with traditional diesel transit mixers. While the upfront cost for electric transit mixers remains higher, significantly lower operating expenses make the total cost of ownership competitive with conventional diesel alternatives.
2026 Focus and Growth Plans
Looking ahead, Qucev plans to ramp up deliveries of existing eLCVs and 55T tractors, initiate deliveries of 28T haulage vehicles and transit mixers, and expand its presence across additional applications, industries and geographies throughout 2026. The company currently employs over 100 team members, supported by a growing plant workforce to meet its expansion targets.
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