EMotorad To Construct Integrated E-Cycles Gigafactory In Pune

EMotorad To Construct Integrated E-Cycles Gigafactory In Pune

Electric vehicle company EMotorad has announced it will expand its existing manufacturing unit in Pune. India will be home to two of the world’s biggest gigafactories, one for Ola Electric two-wheelers and the other for EMotorad e-cycles, said the company.

According to EMotorad the gigafactory is spread across 2,40,000 sq ft in phase 1 and will manufacture all giga components including the battery, motor, display, and charger, a critical component in EV production and a giant leap for the startup. With an initial production capacity of 500,000+ e-cycles each year, the gigafactory aims to meet the rising demand for alternative modes of transportation.

They incorporate Industry 4.0 standards, which are driven by smart manufacturing and the creation of intelligent factories. They are also gearing up to expand their product lineup by introducing an exciting array of electric vehicles. These state-of-the-art models developed on advanced Gen-2 platforms are a huge win for the EV landscape.

Rajib Gangopadhyay, Founder & Corporate Strategist of EMotorad, says, “We’re fortunate to start EMotorad in this dynamic era where India’s economy is booming faster than ever. With steady growth, thriving international and domestic tie-ups, and catering to global demands, we are emerging as a very resilient powerhouse. EMotorad is turning out to be proof that the capital invested towards building assets in a startup can still have the scale and growth of any VC-backed enterprise, and these strategic ventures will turn startups into generational businesses.”

The e-cycle gigafactory is being constructed in four phases. When phase one is completed, it will become South Asia’s biggest integrated e-cycle gigafactory and the biggest outside of China. Phase one, starting in August, focuses on giga component production, with subsequent phases expanding in-house manufacturing capabilities.

“India’s manufacturing sector is undergoing a unique metamorphosis. Expanding EMotorad’s very own gigafactory is propelled by factors such as technological advancements, automation, government initiatives, and more. This favourable business environment positions us as a dynamic hub of opportunities for both domestic and international investments. In the face of the climate crisis, gigafactories are leading the way for alternative mobilities, with India spearheading this transformative journey”, emphasises Sumedh Battewar, Co-founder and Chief Business Officer.

Funding from a recent series B round, with investors participating like Panthera Group, Xto10x, and former Indian Cricket Captain Mahendra Singh Dhoni, fuels this expansion. The factory expansion was a strategic allocation of funds from the series B funding secured by EMotorad earlier this year. EMotorad’s domestic growth hit 370% last year, maintaining a four-year streak.