In its newest e-bikes industry projection for India, research firm Mordor Intelligence predicts that the market would be worth $2.08 million by 2026, up from $1.02 million in 2021. When it comes to developing electricity-powered forms of transportation, technology, mobility, and the environment are no longer independent verticals, as the attention is quickly shifting to electric vehicles and electric bikes.
Start-up in the United Kingdom With the announcement that three more bikes would be released next month, GoZero Mobility now has a five-product lineup on the market. In India, the company produces electric bikes. It claims that over the next five years, it wants to invest more than £10 million in India to develop manufacturing facilities and generate jobs. HT spoke with Ankit Kumar, CEO of GoZero Mobility, about the technology for electric bikes, the hurdles, what consumers specifically ask for, and plans for the Indian market at the UK government’s Great Future Showcase.
GoZero Mobility was launched in 2018, and its arrival into India was marked by a $250,000 investment in GoZero India. Last year, the Mile and the One, the company’s first two bikes, became Amazon bestsellers. The Skellig, One, and Mile ranges are now priced between $19,999 and $39,000. The following are some quotes from the interview: In 2019, we joined the Indian market. For the time being, we have five goods. Three new motorcycles will be released in India and the United Kingdom in mid-November. We’re launching in both markets at the same time. These items will be targeted at the ultra-high-end market segments that exist in the e-bike category.
If you look at the e-bike sector in India closely, you’ll notice that it’s quite fragmented. We are primarily in charge, as are Hero cycles. Lectro is one of their brands.