Emotorad Invests Rs. 20 Crores In Expanding Manufacturing Capacity For 2022

Domestic premium electric bike maker EMotorad announced its strategy to expand its current manufacturing capacity to 90,000 e-cycles per year at its manufacturing unit in Jambe, near Pune. With a previous production capacity of 16,000 e-bikes per annum, the premium EV brand is ready to roll out 90,000 units of e-cycles every year with an investment of Rs. 20 crore to date for the same. These e-cycles will be manufactured with a concentration of 40 per cent on export to Japan and Nepal, while 60 per cent is dedicated for domestic sale.

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Kunal Gupta, Co-founder & CEO, EMotorad, said, “We aimed to make a fast expansion, due to the tremendous growth we saw from the current market. And, now as India's fastest-growing EV brand, we are fortunate to have a production capacity of 90,000+ units per year. The need to expand the production capacity further will depend on how EMotorad features itself in the International market that we have recently launched.”

EMotorad's Cosmos has a load-carrying capacity of up to 200 kg and an electric range of 70 km, which can be increased up to 90 km with pedal assist

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The company says the B2B sales structure will have a major impact on EMotorad's next move, though their current concentration will majorly be on meeting the needs of the Indian market and exporting the rest. They will also be focusing on increasing the facility output with an aim to expand its production capacity to 2 lakh products within the next year. At present EMotorad has its presence across 170 offline dealers in 65 cities in India and has made a sale of over 9,000 e-cycles in India since its launch in 2020, besides exporting 6,300 units to the UAE, Japan, and Nepal.