Creatara has launched their vehicle concepts VS4 and VM4, at IIT Delhi’s Research & Innovation Park. Marking a significant milestone in the EV segment, Creatara redefines urban travel by combining safety, customization, and advanced technology.
The Indian electric vehicle market is experiencing rapid growth, with an annual growth rate exceeding 20%. The Economic Survey 2023 projects an impressive 49% CAGR between 2022 and 2030 in India’s domestic EV market, predicting 10 million annual sales by 2030. In 2022, the electric scooter and motorcycle market size was USD 893 million and is expected to soar to USD 6,161 million by 2030, growing at a CAGR of 27.30%.
Creatara enters this booming market, influenced by rising fuel prices, environmental concerns, and government initiatives like the Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles (FAME) scheme, aiming to achieve 30% electrification of India’s vehicle fleet by 2030. It’s a perfect moment, as the industry’s market size was valued at over USD 1.18 billion in 2023, with a projected growth of USD 2.92 billion by 2032.
Addressing safety concerns prevalent in the market, Creatara stands out with features like safe-start technology, which requires a minimum rider weight to start the vehicle, preventing unauthorized or unintentional acceleration. Efficient passive battery pack cooling reduces risk of overheating. Features like these offers peace of mind to the riders.
Creatara’s India-centric design is meticulously tailored for the varied Indian landscapes, ensuring compatibility with diverse terrains and usage scenarios. Its state-of-the-art sensors and GPS tracking enhance rider safety and awareness, integrating seamlessly with the riding experience.
The modular vehicle platform of the e-bike is a key aspect of its design. It’s adaptable to various use cases, as exemplified by the recent Moto-Cross variant VM4, which is equipped with features like high ground clearance, longer suspension travel, purpose-built panels, etc for hill-friendly navigation and challenging terrains.
VIKAS GUPTA, Co-Founder & CEO – Creatara stated, “Our aim is to revolutionize personal mobility for the next generation. Our tailor-made electric two-wheelers are not just vehicles; they’re a statement of innovation, sustainability, and personalized freedom, designed to resonate with the dynamic lifestyle of today’s consumers.”
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