E-Cycles to boost personal smart e-mobility in India.

March 1, 2023
Category : 
Views: 859
Spread the word by Sharing:

March 1, 2023: It is true that India is the second-largest producer of bicycles in the world, and the industry is expected to continue growing with a CAGR of 5.5% during FY23-27. The market is divided into five product segments, including standard, premium, kids, exports, and E-bikes. The rising popularity of bicycles and E-bikes can be attributed to increasing disposable incomes and the need for environmentally friendly transportation options.

The demand for bicycles is also increasing due to the rising fuel prices in India, making them a more affordable alternative for many consumers. India is among the top three exporters of bicycles, along with China and Vietnam, and the market share of exports is expected to increase in the coming years.

Overall, the bicycle industry in India is poised for growth, driven by factors such as rising disposable incomes, environmental concerns, and fuel price increases.

Here is the list of top E-cycle startups in India: 

1.Hero Lectro

Hero Lectro started selling in India since November 2018. Hero Lectro, the E-cycle brand of Hero Cycles, is the market leader and has the widest E-cycle range in India’s organized market, spanning 8 variants including cycles with and without gears. Hero Lectro is spearheading the revolution in the personal smart e-mobility segment which is even more relevant in these times as it caters to hygiene, personal security, physical fitness, sustainability, and affordability.

2. EMotorad

Founded in 2020, Pune-based EMotorad (EM) is an electric vehicle company that strives to bring eco-friendly, futuristic e-bikes at an affordable price for adventure seekers, daily commuters, or casual riders. The EV startup aims to bring across premium quality electric cycles at an affordable price, utilizing its local sourcing and manufacturing capabilities in India. It has since expanded its business to Japan, the UAE, Europe, and Nepal. Alongside onboarding 160+ dealers in India, EM currently is present across 82 towns and cities in India and abroad.

3. Motovolt

Motovolt was founded in 2020 by Tushar Choudhary. Choudhary is the ex-Promoter of the Kolkata-based Himadri Group of companies which manufactures specialty chemicals. Two years ago, the start-up launched e-cycles which have a pan-Indian presence and are available in four models- HUM, KIVO Easy, KIVO Standard, and ICE. The World of Motovolt.Born with a vision to inspire the e-mobility revolution in India, It is our endeavor to bring smart e-mobility solutions which would positively impact lives across communities and contribute towards a sustainable future. We are committed to providing smart sustainable mobility solutions which would change the way the nation commutes. We are here to ride the wave of change and redefine the future.

4. Gear Head Motors

Gear Head Motors, a Hyderabad-based electric vehicle company is a leading provider of innovative electric bicycles and tricycles. With great exposure to the EV industry, the company has reached market standards. Founded by a team of engineers, Nikhil Gunda, and Meher Sai, Gear Head Motors aims to provide a sustainable and cost-effective transportation solution for consumers. Manufacturing 70% of spares in-house, the vehicles stood among the others for their sleek and modern styles, comfortable accessibility, and convenient commute.

5. Ninety One Cycles

Ahmedabad based Ninety One Cycles is home to the coolest and most well-engineered bicycles in the country. Founded in 2015 with a vision to inspire young India to lead an active lifestyle while reducing our carbon footprint, we pioneered a digital-first approach to experiencing and purchasing cycles. Today, the brand is present in over 300 cities and the community continues to get bigger every day. 

6. Vaan Moto

The first lifestyle e-mobility start-up in India, VAAN Electric Moto Pvt. Ltd., makes Indian e-bikes for export. VAAN Moto was introduced in 2021 and has showrooms across Kerala (multi-brand retail outlets), Coimbatore in Tamil Nadu (multi-brand retail outlet), Mumbai, and its headquarters there. The brand’s first independent shop in the nation is the showroom in Mumbai, which is located at Atria the Millennium Mall, Worli. The brand also offers Several multi-brand stores are dispersed throughout the city.

7. Svitch

Ahmedabad-based electric bike maker Svitch Bike is a young company venturing into the field of Electric Vehicles in India. Svitch manufactures electric bikes with unique designs and features in accordance with the Indian automotive landscape

Subscribe For Latest Updates

Sign up for the latest news and launches straight to your inbox

We promise not to spam you.

Spread the word by Sharing:
EVStory team is group of well seasoned journalists from the e-mobility segment with rich experience in the auto industry.

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles from the same category:

Tata Motors flags-off its next-gen, eco-friendly fleet of commercial vehicles to Tata Steel


Watchout for these budget EV Scooter Launches in August 2023


Bridgestone, Title Sponsor of the World Solar Challenge 2023, Collaborates with Indian Institute of Technology Madras (IITM)


“CITROËN India signs MOU with Kamarajar Port (Ennore) to commence exports of New C3.

1 2 3 23
EVStory.in - India's best EV Portal
Get a complete insight into the latest news, reports, features & in-depth analysis on the EV industry in India
Copyright 2022 EVStory LLP. All rights reserved.