Svitch MotoCorp, an Ahmedabad-based electric vehicle maker, said that it will invest Rs 100 crore to develop CSR 762, which is due to go on the market this year. According to a statement, the e-motorbike will cost around Rs 1.65 lakh and will receive a subsidy worth Rs 40,000 as per government orders. Svitch Bike […]
Startup eBikeGo completes USD 5 million fund infusion – EQ Mag Pro
Now, the company is aiming to raise $25-million further, eBikeGo said. Electric bike startup eBikeGo announced on Monday the completion of $5-million fund infusion in the form from a clutch of international and domestic investors and said it is now looking to raise $25 million more. The funding will help the company launch e-scooter Muvi […]
Revolt Motors Slashes Price of Electric Bike RV400 By Rs 28K
Electric vehicle maker Revolt Motors on Thursday said it has reduced the price of its electric bike RV400 by Rs 28,201 to Rs 90,799 in the wake of the recent changes in the FAME II policy. The bike was tagged at Rs 1,19,000 in Delhi earlier. The RV400 comes with a 3KW motor powered by […]
New York City legalizes electric bikes and scooters, will create e-scooter pilot program
The pilot program is scheduled to start by May 2021 and is expected to last no more than two years, according to the bill. Scooter placement should focus on areas underserved by the city’s docked bike-share program, Citi Bike, which is operated by Lyft Inc New York: The New York City Council on Thursday approved […]
This microcap firm plans to launch electric bike; shares hit upper circuit
“The company aims to bring the clean mobility solutions to the general public.” Shares of a microcap firm Jagan Lamps hit 5 per cent upper circuit limit in Thursday’s trade after the company on Wednesday informed bourses that it is entering into the production of electric vehicles by launching its first electric bike under the […]
Can Ebikes For Delivery Become The New Normal For India?
Companies like Amazon, Swiggy, Grofers, IKEA have now started using electric bikes for deliveries According to EV startup DOT, just 250 EVs can save $1 Mn in fuel costs annually Despite increased adoption, charging infrastructure remains a worry for delivery startups When it comes to logistics and ecommerce, India has shown an ever-growing appetite for […]
GoZero Mobility enters Indian electric vehicle space
GoZero One is powered with 400Wh lithium battery pack which is optimized to provide 60 Kms of range on single charge. New Delhi: GoZero Mobility- a British Electric Bike makers which manufactures premium electric performance bikes and signature lifestyle merchandise today announced its entry to India market. After one year of design & technology development […]