EV startup eBikeGo will set up an EV manufacturing plant through its subsidiary
Following in the footsteps of eBikeGo, Vajram Electric will strengthen and expand the fragmented electric vehicle supply chain for the startup.
EV two-wheeler startup eBikeGo is looking to set up a battery-powered vehicle manufacturing plant through its subsidiary, Vajram Electric. At its new manufacturing center, the EV startup will produce its Muvi and Velocipedo electric vehicles. Vajram Electric is a special business unit that was created in order to meet the manufacturing requirements of eBikeGo.
Following in the footsteps of eBikeGo, Vajram Electric will strengthen and expand the fragmented electric vehicle supply chain for the startup while contributing to in-house manufactured vehicles. “A dedicated quality electric vehicle manufacturing unit is the need of the hour and Vajram Electric is the first and a crucial step towards achieving this goal,” said Irfan Khan, Founder and CEO of eBikeGo.
(Also read | EV startup eBikeGo partners with Log9 Materials for advanced battery technology)
He added that while the industry has a plethora of white label and gray label electric vehicle companies that identify and assemble products with inadequate safety and testing, eBikeGo’s Vajram Electric aims to make a difference by becoming an EV OEM as a service that addresses current gaps in the EV industry.
Vajram Electric will build an integrated EV ecosystem and develop the best two-wheeled powertrain in the industry. The company will manufacture several futuristic product portfolios of vehicles for India and international markets. Thanks to its horizontal integration with eBikeGo, the company will have access to mature B2B and B2C markets.
Currently, the total number of fleets running in eBikeGo is more than 2,500 in the EV rental space and these have gathered about a petabyte of data from vehicles.
Date of first publication: Jul 25, 2022, 1:38 PM IST