Terra Motors decided the world’s first mass production of Electric 3-wheelers which can be charged by AC power. Terra Motors’ prototype is completed this April, and they plan to produce 10,000 sets of electric 3-wheelers in 2013.
In Asian countries, 3-wheeler market has expanded rapidly, because it is cheap and freight is large, compare to cars. For example, in India, the number of three-wheelers is increasing twice by these five-years. And the Philippines, Sri Lanka, Bangladesh also shows the same transition.
It is thought that electric-ization of the three-wheel taxi in Asia progresses rapidly, because of aggravation of air pollution, the high price and constant shortage of gasoline. For example, in India, gasoline cost has increased also 2.5 times by these ten-years, so the demand to the cut in fuel consumption by electric-izing is serious. By replacing a three-wheel taxi to electric one, the annual income of taxi driver can be raised by about 3 times.
They plan to establish branch office in India in this summer, and aim at world top share acquisition in 2014.
About Terra Motors
- Terra Motors Corporation has the largest market share of electric motorcycle in Japan
- Company Name Terra Motors Corporation
- Foundation April 2010
- CEO & Founder Toru Tokushige
- Office 34-5,Udagawa-cho,Shibuya-ku,Tokyo 150-0042, Japan
- Factory Vietnam / Philippines
- Paid in Capital 6.621 million yen
- Business Design, Manufacturing, Selling and Service for electric vehicle
- Share Holders (exp.)
- Nobuyuki Idei (Former President of Sony)
- Kenji Yamamoto (Former Vice President of Apple)
- Koichiro Tsujino (Former Presient of Google Japan)
- Masaru Murai (Former president of Compaq Computer Co.,Ltd.)