Electric bike startup eBikeGo announced setting up a manufacturing facility through its subsidiary Vajram Electric for its Muvi and Velocipedo brand of electric vehicles.
The facility will develop a powertrain as well as multiple product portfolios for both domestic and international markets, eBikeGo said in a statement.
Vajram Electric is a special business unit established in order to fulfill the manufacturing requirements of eBikeGo, the company said in the statement.
“We aim to be India’s first electric mobility company that is building an integrated EV ecosystem. A dedicated quality EV manufacturing unit is the need of the hour and Vajram Electric is the first and crucial step towards achieving this goal. Vajram Electric will offer modular, purpose-built EVs to solve the future of mobility,” said Irfan Khan, founder-CEO, eBikeGo.
eBikeGo is currently present in seven cities and has more than 2,500 vehicles in EV rental space.
The company is actively working with all the major last-mile delivery companies and is aiming to target 2 per cent of the domestic electric two-wheeler market with plans to bring on the road a fleet of 2,00,000 bikes in about 100 cities across the country.