EMotorad targets the manufacture of electric cycle, bike and scooter markets in India, Europe, Japan, and other geographies.
EMotorad Quick Facts:
Electric bikes and scooter market estimated to be a US$118 Bln market by 2030 with a CAGR of 10.5%
Sold 19,600+ bikes in FY’22 with US$8.2 Mln revenues through B2B and B2C operations, both domestic and global. For FY’23, revenues are expected to be over US$22 Mln with 20%+ EBITDA margins
Targeted segment is growing fast. E-bikes and scooters (for helping last mile delivery) represents a secular trend. Easy expansion is possible in tier II, III cities of India and export to foreign market can be scaled up
Helping in the decarbonization of transport industry and supports Climate Action and Net Zero Goals through emission reduction
As the Co-Founders of EMotorad, we are thrilled to have experienced the opportunity to share our joint vision and work with Sandiip Bhammer and Rudra Dalmia of Green Frontier Capital. GFC’s commitment to clean mobility aligns perfectly with our mission to revolutionize transportation in India with sustainable e-bikes. We look forward to a mutually beneficial partnership.
Rajib Gangopadhyay, Kunal Gupta, Aditya Oza, and Sumedh Battewar, Co-Founders, EMotorad Technologies
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zero-emission kms
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tons of CO2 saved (equivalent to what 735,283+ fully-grown trees absorb in a year)
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liters of conventional fuel (petrol/diesel) directly avoided by opting for an e-bike
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green jobs created
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greener households
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effective waste management
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of manufacturing process utilizes solar energy
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countries launched and counting
The Impact Metrics data provided above is as of May 1, 2024 and is based on information derived from company sources only and has not been independently verified. No representation or warranty, express or implied, is provided by Green Frontier Capital in relation to the fairness, accuracy, correctness, completeness or reliability of the information provided hereinabove.
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