SHADO Group to invest $10 Mn in Pune factory for electric 3-wheeler production. Singapore-based SHADO Group designs charging solutions, EVs and fleet management. The three-wheeler brand ERICK is an affordable, low voltage and high performing EV. ERICK has the range of 70 km per charge and can operate at high ambient temperature. The firm aims to roll out 1K units of ERICK per month from Pune factory.