08/10/2024
**Bole Jo Koyal š¦ Bag Mein**Ā
You might have seen the ad where Dhoni is singing this song while riding an EMotorad bicycle.
M. S. Dhoni is also the Angel Investor in EMotorad.
says that when people think of bicycles, they usually think of hardware perspective.
However, E-Motored goes beyond hardwareāit's competing with software.
But how?
EMotorad , eV Power Technology offers three modes of riding experience with color display features.
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Full Accelerate Mode: Ride without pedaling, up to 60 km.
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Pedal-Assist Mode: Pedal with ease using motor assistance.
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Mechanical Mode: Manually Pedal
And that's why it's not just the hardware, but the leverage of technology makes EMotorad special.
It is a great example of innovation meeting with technology to create green products.
Segment: E-Motored has introduced two variants.
Economical: Ā X Factor
Premium: Desire Range
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According to Statista:
In 2024, revenue in the Electric Bicycles market in India is forecasted to reach US$231.70m.
The revenue is anticipated to demonstrate an annual growth rate (CAGR 2024-2029) of 28.80%, leading to a projected market volume of US$821.40m by 2029.
š°According to Inc42 Media, E-Motored has already crossed ā¹100 crore market in FY 2023.
The company says it is looking to expand its business from India to Europe, Japan, Australia, and the UAE - thereās no stopping us from capturing even the Milky Way.
With increasing awareness and government initiatives, more people are adopting and looking to go green.
It will be interesting to see how EMotorad grow in the coming years, not only domestic but international market.
I had a great time listening to Kunal Gupta and another panelist at NSRCEL, Indian Institute of Management Bangalore for Annual summit up 2024.
P. S: Follow and for Startup.
