Voltro Sees Traction For Electric Cycles In Small Towns
- ByAyushi Ray | August 7, 2021
Voltro sees traction for electric cycles in small towns, they hope to earn revenue of 10 crore plus from bicycles by MArch 2022. The startup has appointed channel partners for North East, Mumbai, Alwar, Bengaluru and even in small towns of Bihar like Lakhisari, Samastipur etc, Voltro Motors founder and Director Prashanta told PTI. ‘The business could not pick up initially because of a sudden lockdown but now demand has started coming from places which we could not imagine earlier. From the demand for Voltro electric cycles I am convinced that it is going to be a vehicle of social change and we are looking for appointing dealers and distributors in small towns,’ he said. The company commenced operations from August 2020 and completed the first financial year with Rs 35 lakh turnover.
“If the situation remains normal, then at an conservative estimate we should be able to close our first full financial year of operations with sales of around Rs 8-10 crore. We are selling online as well and creating bandwidth to meet the target. People are looking for finance options. Right now we have only Bajaj Finance as our partner for finance. We are in talks with some banks. Once that option opens up then we expect a massive surge in sales,” Prashanta said. The company claims that its electric cycle priced at around Rs 35,000 a unit gives mileage of 75-100 kilometre on full charge and can travel with top speed of 25 kilometer per hour.
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