Meet the former child loom worker who built Rs 6 cr electric scooter brand
Devireddy Venugopal launched his electric scooter brand in August last year. His startup, Venu Motors, has been able to sell around 1145 vehicles with revenue of Rs 6 crore so far. Devireddy Venugopal persevered in life despite the odds, dropping out of school after Class Six, completing Class Ten through an open school programme, and then completing a diesel mechanic diploma degree. He began his work as a lowly collection executive at a financial firm at the age of 19 for a salary of Rs 5500. He currently runs an electric two-wheeler firm located in his birthplace of Dharmavaram, noted for its silk sarees, in Andhra Pradesh's Satya Sai District, which he founded 11 years ago. His firm, Venu Motors, debuted two models, Thunder and WenU, in August of last year. In less than a year, it has sold around 1145 automobiles and generated a revenue of Rs 6 million. Venugopal said, "Thunder costs Rs 53000, while WenU costs Rs 55000. The cars' Lithium-ion batteries...