EMotorad Reports 370% Growth In FY24
Electric cycle manufacturing startup, EMotorad has recorded a staggering growth rate of over 370 per cent in India for FY24. Started from humble beginnings in 2020, the brand now has more than 1,00,000 customers globally. With the existing production capacity of more than 100,000 e-cycles each year, and acquisition of not just a brand ambassador but also an investor in MS Dhoni, the company aims to keep expanding.
The latest addition of Doodle v3 in the Desire range, packs a battery of 13Ah, 250W high-performance motor, and a long range of more than 60 km, the company aims to keep manufacturing high-quality electric cycles that are not only premium but also keeps changing the way we commute.
The company has over 12 experience stores in major cities and more than 350 dealers pan India, nearly doubling since the last two years.
“The fast paced growth at EMotorad is down to the market response and acceptance of the product both in domestic and international markets, however, we stay focused to bring sustainable growth fueled by the growing demand and popularity of EMotorad”, said Rajib Gangopadhay, Founder and Director of EMotorad.
The team at EMotorad has grown significantly with more than 250+ employees and additional contract laborers.
Adding to this, Kunal Gupta, Co-founder & CEO of EMotorad, said, “Our growth trajectory is a testament to the hard work and dedication of our team, as well as the trust and support of our customers. We are proud of what we have achieved so far and are excited about the opportunities that lie ahead. This significant milestone motivates us to continue pushing boundaries, innovating, and delivering exceptional products and experiences to our customers.”
With its headquarters in Pune, its manufacturing unit has grown rapidly, and EMotorad now owns over 60 per cent of India's e-cycle market share.
