Future Garages & RunR Mobility Jointly To Manufacture Products

RunR Mobility has announced a partnership with Future Garages to build EV infrastructure and services across its network. This is a significant step taken as there is a shared goal to sustain, grow, and bring down costs. The current theme is startup ties. Moreover, recent evolution occurs as a result, boosting the industry.

Coming to the manufacturing layout plan, RunR will be setting up a plant which will produce 350 units per day altogether and by the end of the financial year 2022 - 23, Future Garages will put 4000 - 5000 ELK electric motorcycles on the road, making it among the top 10 OEMs in India in terms of market share. Pertaining to the manufacturing layout plan, RunR will establish a plant that will accommodate per day potential of 350 units and by the end of the fiscal year 2022–2023, Future Garages will have 4000–5000 ELK electric motorcycles on the road, placing it among the top 10 OEMs in India in terms of market share.

On this partnership Shashi Pathak, Founder, Future Garages. “The partnership with RunR Mobility is a long-term project towards our commitment to build indigenous electric vehicles for India with proprietary technology and constant innovation. Apart from collaboration in development of products, the partnership will also enable us to combine our resources for rapid commercialisation and growth.” 

“To carve a mark on the world on EV map as the most sustainable,profitable,innovative and promising brand” by Setul Shah, Founder, RunR Mobility and he further added “This partnership is a win-win situation for both the startups”.

With the foreseeable future in mind, their manufacturing estimates are for 11000 units in 2022–2023, 115000 units in 2023–2024, and 28265 units in 2024–2025, with revenues of 13.5 crore, 173.52 crore, and 428.86 crore respectively.