MS Dhoni-backed EMotorad’s e-cycle gigafactory almost ready
electric cycle maker EMotorad, in which cricketer Mahendra Singh Dhoni invested an undisclosed sum last month, is set to complete the phase-1 build of its factory at Ravet, Pune.
The 2,40,000-sq. ft. facility, scheduled to be inaugurated on August 15, will have the capacity to make 500,000 million e-cycles, founder and CEO Kunal Gupta told ET. It will also employ 300 more people, from the current 50, by then, he added.
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Offering CollegeCourseWebsiteMITMIT Technology Leadership and InnovationVisitIndian School of BusinessProfessional Certificate in Product ManagementVisitIndian School of BusinessISB Product ManagementVisitThe so-called e-cycle gigafactory will be built in four phases, the company said. It will become South Asia’s biggest integrated e-cycle gigafactory and the largest outside of China post phases 2, 3, and 4, it added.
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The factory will manufacture components including batteries, motors, displays, and chargers in-house. EMotorad is currently also working on expanding its product range, introducing new electric cycles and new form factors such as e-bikes for delivery staffers.
“India's economic journey is in the midst of rapid transition and robust industrialisation with extraordinary transformation in speed and scale… This factory marks a significant step forward for us to penetrate deeper into the European and North American markets, and we look forward to hosting clients from around the world,” Gupta added.
EMotorad, founded in 2020 by
