EMotorad To Build World’s Biggest Integrated Electric Cycle Gigafactory
EMotorad’s gigafactory will manufacture all giga components including the battery, motor, display, and charger
EMotorad, a growing player in the electric vehicle (EV) sector, is set to expand its existing manufacturing unit in Pune. With this expansion, India will be home to two of the world's biggest gigafactories: one for Ola Electric two-wheelers and the other for EMotorad e-cycles.
Spread across 2,40,000 sq ft in phase 1, EMotorad’s gigafactory will manufacture all giga components including the battery, motor, display, and charger, a critical component in EV production and a giant leap for the startup. With an initial production capacity of more than 5,00,000 e-cycles each year, the gigafactory aims to meet the rising demand for alternative modes of transportation.
They incorporate Industry 4.0 standards, which are driven by smart manufacturing and the creation of intelligent factories. They are also gearing up to expand their product lineup by introducing an array of electric vehicles. These state-of-the-art models developed on advanced Gen-2 platforms are a huge win for the EV landscape.
Speaking on the recent developments, Rajib Gangopadhyay, Founder & Corporate Strategist of EMotorad, said, “EMotorad is turning out to be a proof that the capital invested towards building assets in a startup can still have the scale and growth of any VC-backed enterprise, and these strategic ventures will turn startups into generational businesses.”
The e-cycle gigafactory is being constructed in four phases. When phase one is completed, it will become South Asia’s biggest integrated e-cycle gigafactory and the biggest outside of China. Phase one, starting in August, focuses on giga component production, with subsequent phases expanding in-house manufacturing capabilities.
“India’s manufacturing sector is undergoing a unique metamorphosis. Expanding EMotorad’s very own gigafactory is propelled by factors such as technological advancements, automation, government initiatives, and more. This favourable business environment positions us as a dynamic hub of opportunities for both domestic and international investments. In the face of the climate crisis, gigafactories are leading the way for alternative mobilities, with India spearheading this transformative journey”, emphasised Sumedh Battewar, Co-founder and Chief Business Officer.
Funding from a recent series B round, with investors participating like Panthera Group, Xto10x, and former Indian Cricket Captain Mahendra Singh Dhoni, fuels this expansion. The factory expansion was a strategic allocation of funds from the series B funding secured by EMotorad earlier this year.
Video Link: https://youtu.be/kqz1LK8R4kU?si=djlG0mufjZrTCHnP
EMotorad's domestic growth hit 370 per cent last year, maintaining a four-year streak. As India's top e-cycle exporter, they're eyeing global markets, particularly Europe and the US. With the launch of their cost-effective X-factor range and advanced drivetrain technology, EMotorad aims to dominate the domestic and international markets.
With EMotorad poised to showcase India's prowess at some of the largest expos this year, including Eurobike in Frankfurt, Germany, in July 2024, the team has already begun preparations.
