Indian electric cycle startup Voltro Motors is aiming to generate sales to the value of ₹10 crores this fiscal. The company began its operations in the country in August 2020 and completed its first financial year with ₹35 lakh turnover.
The Voltro electric cycle comes with a range of 75 km to 100 km on a full charge and has a top of 25 kmph. It comes equipped with a lithium phosphate battery, a mid-drive motor and can accommodate a pillion rider.
The company claims that it is suitable for hill riding, city riding and off road riding. The e-bike is priced at ₹35,000 (ex-work).
The Voltro electric cycle consumes 700 watt of power while being charges, that is than 1 unit and can be charged in three hours. The company claims that its full charging cost comes to an average of ₹4, making this one of the reasons for its rise in demand in small towns.
The e-bike can easily be repaired locally or even replace its parts. If however, there is a problem in the controller and motor within the one-year warranty period then the entire cycle will be replaced.
The company is expanding its factory in Delhi to scale up production from 400 units per month to 1,000-1,500 units by the end of the current financial year as the brand is witnessing a rise in demand for electric cycles from small towns and also because they are planning to export e-cycles to South Africa.
This is a Syndicate News Feed; edited by Clean-Future Team