ABZO is a pioneering company dedicated to manufacturing eco-friendly bikes, emphasizing a comfortable riding experience for its users. Since its inception in 2019, ABZO has significantly expanded, now boasting a sprawling manufacturing plant spanning approximately 17,069 square meters.
Talking with Aishwarya on ABZO’s journey, and the belief in creating sustainable products, Kanchi Patel, Co-Founder, Abzo Motors discusses the transformative impact of their e-bikes on the transportation landscape.
With the government support witnessed in Interim Budget 2024 in the EV sector, what are the expected challenges and opportunities you see evolving in this field?
The Interim Budget 2024 showcased the government’s commitment to fostering the electric vehicle (EV) sector in India by emphasizing the expansion and strengthening of the EV ecosystem. While the budget did not unveil new policies, the forthcoming final budget in July 2024 may provide additional support and clarity for the EV industry.
One of the significant challenges faced by the EV sector is the inadequate charging infrastructure, reminiscent of the widespread network of petrol pumps. The lack of an accessible charging network poses a considerable hurdle to the widespread adoption of electric vehicles. The development of an extensive charging infrastructure is crucial to overcoming “range anxiety” and encouraging more consumers to transition to EVs.
However, amidst these challenges, there are noteworthy opportunities for the EV industry. Industry leaders are optimistic about potential measures that could be announced in the final budget. These include a possible reduction in the Goods and Services Tax (GST) rate on components used in EV manufacturing and batteries. A lower GST rate, especially on entry-level two-wheelers, could make electric vehicles more affordable and attractive to a wider consumer base.
Additionally, the industry is hopeful for an extension of the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) subsidies, which have played a vital role in incentivizing the adoption of electric vehicles. Clarity on tax treatment for EV charging, eligibility of Input Tax Credit (ITC) on charging station setups, and further GST rate reductions could create a more favorable economic environment for the EV ecosystem.
Industry leaders are keen on fund allocation, incentives, and policies that expedite the development of charging networks, particularly in tier II and III cities. A comprehensive and well-distributed charging infrastructure is pivotal to addressing the practical concerns associated with EVs and facilitating their widespread adoption.
Tell us about Abzo Motors’ key offerings and what differentiates its products from its domestic competitors.
Distinguishing ourselves from our competitors in the market, ABZO Motors focuses on eco-friendly bikes, exemplified by our flagship model, the ABZO VS01, unveiled in 2023. The VS01 is powered by a robust 72V 70Ah lithium-ion battery, delivering an impressive 180 km range on a single charge and offering versatility with three driving modes catering to various riding preferences. With 8.44 bhp peak power, 190 mm of torque, and a regenerative braking system, the VS01 ensures an efficient and powerful performance.
Beyond performance, we prioritize rider experience and aesthetics. The VS01 is equipped with a digital instrument cluster, LED headlights, taillamps, 17-inch alloy wheels, and tubeless tires for a stylish and safe ride. Our commitment to innovation, quality, and sustainability resonates with environmentally conscious consumers, providing a blend of power, style, and eco-friendliness.
Our dedication extends to substantial resources invested in the research and development of our electric bike products. The Abzo electric bike, a result of this investment, features advanced electric power systems, offering riders a smooth and efficient experience during leisure rides with minimal exertion. Ensuring top-notch quality, our manufacturing process includes dyno tests conducted with a dynamometer at our plant, guaranteeing that each unit is defect-free before reaching our customers. This meticulous approach reinforces our commitment to delivering cutting-edge, reliable, and eco-conscious electric bikes to the market.
How does Abzo’s E-Bike regenerative braking system help in enhancing the vehicle’s efficiency and features? Also, mention the range and charging time of the vehicle.
Our regenerative braking system is a feature that not only enhances efficiency but also extends the vehicle’s overall range by converting kinetic energy during braking into electrical energy. Additionally, The Abzo VS01 E-Bike introduces innovative elements like Reverse Mode, Digital Cluster, and Regenerative Braking. The incorporation of fast and normal charging modes further accentuates its appeal, with a 6-hour and 35-minute charging time under normal mode and a swift 3-hour and 20-minute charging time under the fast mode, ensuring flexibility and convenience for riders. With an impressive 180 km range our e-bike combines efficiency, sustainability, and advanced features for a groundbreaking riding experience.
Sustainability has become the key mantra of every business. Tell us about Abzo Motors’ commitment to sustainability and environmentally friendly transportation solutions.
In response to the escalating importance of sustainability in consumer choices, we embraced a resolute commitment to environmentally friendly transportation solutions. As sustainability gains prominence in India, with 75% of individuals altering their behavior to prioritize eco-friendliness in vehicle purchases and mobility practices, Abzo Motors recognizes the pivotal role it plays in providing sustainable alternatives. Research from the European Energy Agency underscores the environmental benefits of electric vehicles (EVs), indicating that EVs emit 17% to 30% fewer carbon emissions compared to traditional petrol or diesel vehicles.
Our contribution to this green movement is exemplified by the Abzo VS01 bike, a beacon of environmentally conscious commuting. Powered by a 72V 70Ah Li-ion battery, the VS01 represents a greener choice, eliminating the reliance on traditional fuels and significantly reducing emissions. This approach aligns seamlessly with Abzo Motors’ commitment to sustainability and innovation, reflecting the company’s dedication to fostering a cleaner and more sustainable transportation landscape.
As part of our holistic commitment, we not only pioneer eco-friendly vehicle solutions but also encourage environmental practices within our offices. Our dedication to sustainability extends beyond product development to the everyday operations of the company.