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New Delhi: Infraprime Logistics Technologies (IPLT), a Gurgaon-based data-driven fleet service provider, is gearing up to launch its first electric commercial vehicle in mid-haul logistics segment by 2020. The startup will introduce its first variant Rhino 5536 majorly to tap the requirements of construction industry.The 60-ton electric truck with be powered by 276 kWh battery, that should enable a range of 200-300 km. "Our trucks will mainly be used in transporting road construction material, and cement input for housing construction.With a top speed of 90km/h, one demo truck is presently running on Delhi-Kotputli road. Our target is to deploy 1,000 trucks on the road by the end of 2020 and about 10,000 trucks by 2021," Siddharath Das, Executive Chairman, IPLT told ETAuto. He further said that the company will start manufacturing of electric trucks at its Faridabad plant from January next year.The company is seeing huge logistics opportunity in the upcoming 68 new road projects announced by the government recently. The tendering process of these projects will take about three months and the actual mobilisation will happen only after six months, said Chetan Singhal, Chief Operating Officer at IPLT."By the time construction material work of the projects will start we will be having an initial capacity of 1,000 trucks. So, I think we will be hitting at the sweet spot when the capacity requirement will be at its peak," he added.Earlier this month, Road transport minister Nitin Gadkari announced that the government is all set to award Rs 5 lakh crore in the next three months for 68 new road projects, majorly to boost the demand in construction equipment and commercial vehicle sector.Since its foundation in 2017, the startup has raised and invested a $8 million (more than Rs 57 crore, Series A funds) thus far in developing related infrastructure and setting up plant which has a capacity to produce upto 50 units per month in a single shift.To catalyse the production and deployment of 10,000 trucks, IPLT is seeking to raise another $100 million, majority of which will be supported by Silicon Valley funds and European funds. "For the remaining part we are in touch with some banks and NBFCs who have also shown interest for electric truck financing. Our target is to close this fund raising by the end of this financial year," noted Subodh Yadav, Chief Executive Officer, IPLT.Besides developing zero-emission trucks, the startup has also planned to set up its own charging stations—designed by an in-house team. According to Das, a team of 30 people has created two samples of 160 kw fast chargers that can charge Rhino 5536 battery from 0-100 per cent in about 90 minutes. "What we have designed is standard protocol that can be used by other electric trucks as well," he highlighted.