EMotorad, an electric vehicle company endorsed by cricketer Mahendra Singh Dhoni, unveils plans for constructing the world’s largest integrated electric cycle gigafactory. The ambitious project aims to rival Ola’s expansion efforts in Pune, positioning India as a global leader in gigafactory manufacturing. With the expansion of its manufacturing unit, the company solidifies its commitment to driving innovation and accessibility in the EV market.
Sumedh Battewar, co-founder and chief business officer (CBO) of EMotorad, said that expanding the company’s gigafactory is driven by technological advancements, automation, and government initiatives
”In the face of the climate crisis, gigafactories are leading the way for alternative mobilities, with India spearheading this transformative journey,” said Battewar”
Gigafactory Innovation:
The gigafactory, spanning 240,000 square feet in its initial phase, will serve as a comprehensive production hub for electric cycle components. EMotorad’s gigafactory aims to achieve vertical integration and ensure the highest quality standards in EV production, from batteries to motors, displays, and chargers.
Scaling Production Capacity:
With an initial production capacity exceeding 500,000 e-cycles annually, EMotorad’s gigafactory is poised to meet the surging demand for eco-friendly transportation solutions. The phased construction approach reflects a strategic vision to scale operations progressively and establish industry-leading manufacturing capabilities.
Giga Expansion in Four Phases:
The construction of the e-cycle gigafactory unfolds in four distinct phases, each contributing to its evolution as a manufacturing powerhouse. Upon completing phase one, slated to commence in August, the facility will emerge as South Asia’s premier integrated e-cycle gigafactory, surpassing existing benchmarks in the region. Phase one’s primary focus lies on giga component production, laying the groundwork for subsequent phases to bolster in-house manufacturing capabilities.
Embracing Industry 4.0:
EMotorad embraces the principles of Industry 4.0, leveraging smart manufacturing practices to enhance efficiency and productivity. The company sets a new benchmark for innovation and sustainability in the EV sector by harnessing cutting-edge technologies and creating intelligent factories. The company is also gearing up to expand its product lineup by introducing an array of electric vehicles.
“EMotorad is proof that the capital invested towards building assets in a startup can still yield the scale and growth of any venture capital-backed enterprise, and these strategic ventures will turn startups into generational businesses,” said Rajib Gangopadhyay, founder and corporate strategist of EMotorad.
ABOUT EMOTORAD
EMotorad, founded in 2020 by Rajib Gangopadhyay, Kunal Gupta, Aditya Oza, and Sumedh Battewar, secured Rs 164 crore in a Series B funding round led by Panthera Growth Partners in November 2023. This infusion of capital fueled the company’s expansion efforts, enhancing manufacturing capabilities, global reach, and research and development (R&D) facilities. With over 350 dealers across India and 10 EM experience centers, EMotorad is making significant strides in both domestic and international markets, extending its presence to eight countries.
Beyond its robust domestic growth, which reached 370% last year, EMotorad is setting its sights on global expansion, particularly in Europe and the US. The company’s launch of the cost-effective X-factor range and advanced drivetrain technology underscores its ambition to dominate both domestic and international markets. Anticipating a doubling of revenue to about Rs 300 crore for FY25 compared to Rs 145 crore in FY24, EMotorad is poised for continued success and growth in the electric vehicle industry.
FINAL THOUGHTS
EMotorad’s endeavor to build the world’s largest integrated electric cycle gigafactory underscores its commitment to revolutionizing the electric mobility landscape. By leveraging advanced manufacturing technologies and adopting sustainable practices, EMotorad aims to set new benchmarks in EV production. This monumental initiative not only positions India as a global leader in gigafactory manufacturing but also reinforces the country’s transition towards cleaner and greener transportation solutions. Overall, the collaboration between EMotorad and Mahendra Singh Dhoni represents a significant milestone in India’s journey towards sustainable mobility and economic growth.
