eBbikeGo to set up production plant for Muvi, Velocipedo EVs through subsidiary Vajram Electric

E-bike startup eBikeGo on Monday announced it will establish a production facility through its subsidiary Vajram Electric for its Muvi and Velocipedo electric scooter brands.

The facility will develop powertrains as well as multiple product portfolios for both domestic and international markets, eBikeGo said in a statement.

Vajram Electric is a special business unit set up to meet the production requirements of eBikeGo, the company said in the statement.

Late last year, the company announced the acquisition of the production and marketing rights to e-scooters Muvi as well as the production rights to the Velocipado electric tricycle from the Spanish car company Tarrot.

With advanced technology and business intelligence, Vajram will build an integrated EV (Electric Vehicle) ecosystem. The company says it will develop a two-wheel drive system that will allow a variety of vehicle configurations to be created.

eBikeGo also said that its subsidiary will produce a wide range of future product categories of vehicles for both the Indian and international markets.

“We aim to be India’s first electric mobility company under construction EV Ecosystem. A dedicated quality EV production unit is a daily necessity and Vajram Electric is the first and crucial step towards achieving this goal. Vajram Electric will deliver purpose-built, modular electric vehicles to address the future of mobility,” said Irfan Khan, founder and CEO of eBikeGo.

The company says that for its product pipeline for different use cases, a contract manufacturing facility will be able to reduce costs and at the same time be able to work in low-volume shifts by minimizing platform sharing optimization.

eBikeGo is currently available in seven cities and has more than 2,500 vehicles in the electric car rental space.

The company is actively working with all the major last-mile delivery companies and is targeting 2% of the domestic electric two-wheeler market with a plan to put a fleet of 2,0000 bikes on the road at around 100 cities across the country. country, according to the statement.