In recent years, electric bikes and scooters have gained immense popularity in India, primarily driven by the soaring prices of petrol and a growing awareness of environmental concerns. While established brands like Bajaj Auto, Yamaha, and TVS Motor continue to dominate the market, there is a burgeoning electric vehicle (EV) industry in India, comprising innovative startups and manufacturers. In this article, we’ll explore the top Indian EV manufacturers and their electric bike specifications, updating the information with data from the 2023 fiscal year and incorporating relevant SEO tags.
Ola Electric Scooters
About Ola Electric: Ola Electric is a Bengaluru-based electric vehicle company founded by Bhavin Agarwal in December 2010. They own the Etergo electric scooter, manufactured in Amsterdam, and have partnered with other electric companies like Kinetic Safar Smart, Mahindra E20 Plus, and Goldstone BYD Buses.
Ola Scooter: The Ola Scooter Etergo is priced at approximately 1.5 lakh rupees in India. It boasts a top speed of 95 km/hr and comes equipped with smart features like GPS, iOS sensors, and a SIM card. With three battery modules, it has a certified range of 80 km, allowing for a maximum distance of 240 km under optimal conditions.
Ola Mega Factory: Ola Electric made headlines by announcing plans to build the world’s largest E-scooter factory in India by the end of 2020. This massive facility, covering over 1000 acres of land, aligns with their ambitious goal of putting 1 million electric vehicles on Indian roads by 2023. Ola Electric has attracted substantial investments, including $307 million from key investors such as SoftBank, KIA, Hyundai, Tata, Tiger Global, and Matrix Partner, valuing the company at $1 billion.
Ather Energy
About Ather Energy: Ather Energy, based in Bengaluru, was founded in 2013 by Swapnil Jain and Tarun Mittal. After initial struggles to secure funding, the company received a significant boost when Sachin Bansal, owner of a 20.69% stake, and Binny Bansal, with a 4.35% stake, invested $1 million in December 2014.
Ather Scooters: Ather Energy offers feature-rich electric scooters, including the Ather 450 and Ather 450X. These scooters feature an LCD screen with Google Maps integration, music playback, and call-answering capabilities. Additionally, a mobile app allows users to access various functions and even includes an Incognito mode and a stand sensor. The Ather scooters have a top speed of 90 km/hr and a range of 110 km. Ather Energy has also set up the Ather Grid charging station network in six cities.
Ultraviolette Automotive
About Ultraviolette Automotive: Founded in Bangalore in 2015 by Niraj Rajmohan and Narayan Subramaniam, Ultraviolette Automotive is known for its electric bike, the F77, which was launched in 2021. This e-bike boasts impressive acceleration, going from zero to 60 km in 3 seconds and zero to 100 km in 7 seconds, with a top speed of 147 km/hr. The F77 offers a travel range of 130km to 150km on a single charge and features swappable batteries. The mobile app integration allows users to track the bike’s location and check the charging status.
Funding: In a recent development, Ultraviolette raised 30 Crore in a series B round from TVS, which now owns 29.4% of the company.
TORK Motor
About TORK Motor: TORK Motor, a Pune-based electric bike startup officially founded in 2016, had its beginnings in 2015 when founder Kapil Shelke and his classmates built their first electric bike. TORK Motor gained recognition after competing at the Isle of Man TTxGP, and in 2021, they launched the Tork Tx06, which garnered 1000 pre-orders within 24 hours. Priced at around 1.25 lakh rupees, the Tx06 comes with a mobile app that provides battery status and bike location. It offers a range of 100 km and operates on an AI operating system called Tiros.
Yulu
About Yulu: Yulu, is a Bengaluru-based electric scooter rental startup founded in 2017 by co-founders Amit Gupta, Naveen Dachuti, R K Mishra, and Hemant Gupta. Yulu’s service is accessible through the Yulu app, where users can fund their Yulu wallet for renting bicycles and scooters. The vehicles are equipped with IoT sensors, GPS, QR codes, and SIM cards. Since 2017, Yulu has raised $19.9 million in investments, with Bajaj Auto holding a 16.67% stake.
Valuation: As of 2023, Yulu is valued at $78.8 million.
Okinawa Electric Scooters
About Okinawa: Okinawa, founded in 2015 by Rupali Sharma and Jeetendra Sharma, is a Gurugram-based two-wheeler EV startup. The company’s scooters, including the i-Praise Plus priced at around 1 lakh rupees, offer a top speed of 58 km/hr and feature swappable batteries. Okinawa’s smartphone app enables remote scooter tracking, monitors battery usage, and schedules servicing.
Competition: Okinawa has positioned its electric bike, the OKI 100, to compete directly with the Revolt RV400.
Revolt Motors
About Revolt Motors: Revolt Motors was founded in Gurugram in late 2019 by Rahul Sharma, one of the Indian co-founders of smartphone manufacturer Micromax. With a personal investment ranging from 400 to 500 Crore, Revolt Motors introduced the Electric bike RV400 and RV300, featuring swappable batteries and capable of traveling approximately 85 km on a single charge. The RV300 has a top speed of 65 km/hr, while the RV400 reaches 80 km/hr. These bikes incorporate AI-powered features such as geolocation, geofencing, and customizable bike sounds.
STROM Motor
About STROM Motor: STROM Motor, founded in Mumbai in 2010 by Pratik Gupta, Jean Luc Abaziou, and Dr. Gilmer Blankenship, created a unique electric three-wheeler called the Strom R3. Priced between 4 to 5 lakh rupees, the R3 boasts advanced features like 4G-connected diagnostics, real-time tracking of road terrain, and driving habits using AI-based navigation.
Euler Motors
About Euler Motors: Euler Motors, founded in 2018 in New Delhi by Saurav Kumar, is focused on Tesla-inspired electric auto-rickshaws designed for India’s cargo sector. The company has developed an ecosystem that includes charging and service stations and partnerships with e-commerce platforms like Big Basket, Blue Dart, Ecom Express, Udaan, and Milk Basket. Euler Motors plans to launch its vehicles in India in
