Terra Motors

The company's core business revolves around several key areas: the manufacturing of IoT-enabled electric two and three-wheelers, the development and deployment of EV charging solutions under the brand "Terra Charge," and providing financing options through "Terra Finance" to make EV adoption more accessible. Terra Motors ventured into the Indian market in 2014 and has since established a significant presence in South and Southeast Asia, with production plants in India, Bangladesh, Vietnam, and Japan. Its product lineup includes various models of e-rickshaws and cargo vehicles, such as the L5 passenger vehicle and the Y4A for last-mile logistics, designed with Japanese engineering to ensure durability and lower maintenance costs.

In 2022, the company launched its EV charging infrastructure service, Terra Charge, in Japan and has since expanded it to India, Thailand, and Indonesia. This division offers a range of chargers for residential, commercial, and public spaces, managed through a user-friendly mobile app. By June 2023, Terra Charge had received over 4,700 unit orders in Japan, ranking it as a top provider in the domestic market. The business model operates through Direct-to-Consumer (D2C), Reseller/Distribution, and Mobility-as-a-Service channels. The company has secured significant funding to fuel its expansion, including a $10 million Series A round in 2018 and a $28 million Series C round in June 2023, led by investors like Pegasus Tech Ventures and Osaka Gas, to accelerate the expansion of its EV charging network. In December 2024, the company announced a Series D funding round of 10 billion yen. In 2024, the company changed its name to Terra Charge Corporation, reflecting its growing focus on the EV charging infrastructure business.