Ebike

Electric two-wheeler companies pencil in slow sales growth for FY24

For FY23, SMEV's projection was close to that of the government as it expected sales to be over 1 million

Matter's electric bike to be priced between Rs 1.43 lakh and Rs 1.54 lakh

Ahmedabad-based Matter will be competing with players such as Ola Electric and Ultraviolette in the electric motorbike segment

Ola, TVS, Ather account for 60% 2-wheeler EV registrations in 2023

Registrations in February slowed compared to the previous months, partly because of the FAME-II subsidy issue and also because there were fewer days in the month

Two-wheeler electric vehicle sales may fall short of 1-million target

Still FY23 sales figure, so far, is up 146%; FY24 outlook is bright, say experts

Revfin raises $10 mn in series A funding from Green Frontier Capital

Revfin plans to use the funds to expand its geographical footprint to 25 states and capture over 10 per cent national market share of financed electric three-wheelers

Moto Business Service to manage electric vehicles of Chennai-based FullFily

Moto Business Service India, a leasing firm of Yamaha Motors, announced a partnership with Chennai-based FullFily, marking its foray into electric two and three-wheelers asset management services

eBikeGo to set up manufacturing plant through subsidiary Vajram Electric

The facility will develop powertrain as well as multiple product portfolios for both domestic and international markets, eBikeGo said in a statement.

Okinawa Autotech to invest Rs 1200-1,500 cr in e-two-wheelers in two years

This includes the JV with Tacita; company is in talks with PE firms

Smartron launches 2nd-gen tbike OneX for B2B segment; price at Rs 38,000

With this launch, the company said it now has five tbike models in its product portfolio

Premium e-bike maker EMotorad raises $3-million in seed round funding

EMotorad has raised $3-million in a strategic seed round funding from two investors for scaling up its current facilities and expanding its presence across the domestic and overseas markets

TVS Motor acquires Swiss e-bike maker to tap into the segment in Europe

The Chennai-based firm has bought 80% stake in EGO for $17.9 mn; aims to generate $100-150 mn in next 3-5 years by participating in growing demand for e-bikes in the continent

Startup eBikeGo inducts 1,800 e-scooters; hires over 70 staff

eBikeGo has increased the number of vehicles in its fleet from 300 e-scooters to 2,100 during the pandemic

Alpha Vector eyes Middle East, Europe as export markets for its e-bicycles

E-bicycle segment in India accounts for only 2-3 per cent of the total bicycle market

Mobility start-up eBikeGO partners with ASSAR to promote electric bikes

eBikeGO said it has roped in reform-centric advance service firm ASSAR as its strategic partner, to promote and deploy over 10,000 electric bikes to various e-commerce and logistics companies.

Revolt launches first electric bike RV400 with special payment plan

The RV400 comes with a host of introductory benefits such as unlimited battery warranty, free maintenance benefits, product warranty and insurance

This Dalhousie start-up may have an electronic fix for Delhi's pollution

Irfan Khan's 'Swachh Dalhousie' initiative could prove to be a boon for cities choking on pollution