Easy Vitality could quickly introduce two new e-scooters in India within the subsequent quarter. Easy One founder Suhas Rajkumar mentioned that the upcoming e-scooters might be attractively priced for the shoppers.
In line with a report by PTI, Rajkumar informed PTI that with the launch, the corporate is anticipating to retain not solely the prevailing buyers but in addition onboard institutional gamers and household workplaces globally for its proposed USD 100-million fund-raise.
Easy Vitality launched its maiden premium e-scooter Easy ONE, at ₹1.45 lakh in Could, 2023. Deliveries began seventh of this month in a phased method, beginning with Bengaluru.
The introduction of an reasonably priced e-scooter is a part of the corporate’s plans to have a portfolio of three scooters, one efficiency bike and presumably a four-wheeler within the subsequent three years, Easy One founder and CEO mentioned.
” ₹one lakh to ₹1.30 lakh is the reasonably priced value level for a low-end scooter with minimal efficiency. That is what would matter to the purchasers. And we’re engaged on these value factors and seeking to compete with these manufacturers,” Rajkumar mentioned, including that the e-scooters, might be launched within the subsequent quarter.
Electrical two-wheeler gross sales within the final fiscal surged over two-and-half fold year-on-year to eight,46,976 models (primarily based on knowledge sourced from OEMs), EV manufactures physique SMEV had mentioned in April.
Of this, the trade noticed gross sales of 1.2 lakh low-speed e-scooters with prime velocity lower than 25 km/hour, whereas the full gross sales of high-speed E2W (prime velocity greater than 25km/hr) stood at 7,26,976 throughout the 12 months.
Rajkumar mentioned Easy Vitality has shelved plans to develop a car for the last-mile supply as nearly 90 per cent of the market has already been lined by the sooner entrants.
Easy Vitality’s focus might be to develop the B2C mannequin extra going ahead, he mentioned, including that the corporate is engaged on the charging infra, which is predicted to go reside in August, Rajkumar mentioned.
On funding, he mentioned “we’ve a terrific pipeline of current and new buyers in our USD 100-million fund-raise plan for manufacturing and enlargement.”
Apart from, the corporate can also be tapping in family-offices globally for this spherical of funding, he mentioned.
Earlier in February this 12 months, Easy Vitality had raised USD 20 million in a bridge spherical from a clutch of buyers to ramp up manufacturing.
The corporate has a producing facility in Shoolagiri in Tamil Nadu with an annual capability of round 5-lakh models.
(With inputs from PTI)
Up to date: 15 Jun 2023, 02:41 PM IST