Clean-tech leader Kalyan Korimerla joins Etrio as MD and co-promoter
Kalyan C Korimerla, a leader with more than two and half decades of professional experience in the United States, Europe, and India, has joined Hyderabad-headquartered electric vehicle manufacturing company Etrio Automobiles as the managing director and co-promoter.
February 2, 2022: Kalyan C Korimerla, a leader with more than two and half decades of professional experience in the United States, Europe, and India, has joined Hyderabad-headquartered electric vehicle manufacturing company Etrio Automobiles as the managing director and co-promoter.
Kalyan will now be a part of Etrio’s promoters group as well as its board of directors.
Kalyan has spent the last decade in the renewable energy industry in India as the Chief Executive Officer of NSL Renewable Power and as Founder & Managing Director of OneEarth Power Ventures where he managed and developed renewable energy portfolios of 510 MW and 133 MW respectively. In addition, he was elected as the Vice President of Wind Independent Power Producers Association (WIPPA), an association that represents the largest wind energy companies in India.
Under Kalyan’s leadership, Etrio will transform itself from a start-up into a mature and robust organization offering comprehensive products and solutions that meet the operational and sustainability needs of its customers. With its focus on providing Cargo Electric Vehicles for the logistics sector, Etrio will work on reducing the carbon footprint of one of the fastest-growing sectors in India while fulfilling its vision and meeting its business and sustainability objectives.
“After having worked closely with policymakers and other key stakeholders in the clean-tech and electric mobility domain, I am now delighted and excited to be a part of Etrio. Building on the current product portfolio that consists of industry-first Electric Light Commercial Vehicle (eLCV) and a proven electric three-wheeler platform, order pipeline, and strong team, I am confident that we will lead Etrio to newer and more exciting heights of growth and success while bringing operational discipline, innovation, resilience and customer orientation to the company,” said Kalyan C Korimerla, on joining Etrio.
Satya Yalamanchali, founder and promoter, Etrio said, “I heartily welcome Kalyan to Etrio’s Board and management team. I believe that his invaluable leadership experience across business operations, finance, and strategy will enable us to be laser-sharp focused on our mission to electrify cargo fleets by developing a comprehensive product roadmap. Kalyan’s zeal and passion in working towards zero-emission and climate-friendly solutions align extremely well with the long-term vision of Etrio. Additionally, we feel his experiences of working with international investors and policymakers can also prove to be a great asset in further growing and scaling Etrio in the years to come.”
Deepak MV, co-founder and CEO, Etrio said, “I am excited to have Kalyan on board. His professionalism and international experience are exactly what we need to build the corporate infrastructure to enable Etrio’s rapid growth, and to ensure that our product and service quality remains high while the product development cycle times are kept to a minimum through superior customer focus and engagement.”
Notably, prior to founding OneEarth, Kalyan was an Investment Banker at JPMorgan in New York and Arma Partners in San Francisco and London, where he worked on Mergers & Acquisitions and Spin-off transactions aggregating over $18 Billion and capital markets transactions that raised over $8 Billion in equity and debt. He has also previously worked with LSI Logic and Intel Corporation in California across several roles including Strategy, Business Management, Product Marketing, Business Development, and Engineering.