eBikeGo to set up EV manufacturing facility through its subsidiary Vajram Electric
- ByStartupStory | July 26, 2022
eBikeGo, an electric bike startup, announced on Monday that it will establish a manufacturing facility for its Muvi and Velocipedo electric car brands through its subsidiary Vajram Electric. Powertrain and other product portfolios will be developed at the plant for both domestic and foreign markets. A unique business unit called Vajram Electric was created in order to meet eBikeGo’s production needs.
Additionally, eBikeGo stated that its subsidiary company would provide a variety of cutting-edge vehicle product lines for both the Indian and global markets. More than 2,500 electric vehicles are available for rent through eBikeGo, which operates in seven locations at the moment. The company claimed that by maximising platform sharing, a contract manufacturing facility for its product pipeline for various use cases will be able to save costs and at the same time be able to work on low-volume shifts.
Irfan Khan, founder and CEO of eBikeGo said, “We want to be the first electric mobility firm in India to develop a complete EV ecosystem. The urgent need is for a specialised, high-quality EV production facility, and Vajram Electric is the first and most important step in that direction. For the future of mobility, Vajram Electric will offer modular, purpose-built electric vehicles.”
The company wants to deploy a fleet of 200,000 bikes in around 100 locations across the nation as it aggressively collaborates with all the main last-mile delivery providers to target 2% of the domestic electric two-wheeler market.
About eBikeGo
Irfan Khan founded eBikeGo in 2017, which is regarded as India’s first platform to provide electric modes of transportation like electric bike rentals and electric taxis. These eco-friendly vehicles offer a comprehensive answer to important issues including traffic congestion, increased travel costs and pollution, among others.
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