Founded in 2022, Qucev is a new age Cargo EV OEM, with its first products being 4W Light Commercial Vehicles (LCV) in the 3.5Ton GVW category and 4W Heavy Commercial Vehicle in the 55Ton category.

The company is targeting a total addressable market (TAM) of 700k annual unit sales in its initial focus segment with a target of 20-30% EV penetration by 2030. Qucev’s LCVs are geared toward e-commerce and intracity deliveries, while its HCVs are designed for applications in ports, cement, steel, mining, and mid- to last-mile logistics.