EV Mechanica

Subscribe to EV Mechanica's Current Newsletter & never miss an update!

    Close Menu
      Facebook X (Twitter) Instagram
      EVMechanicaEVMechanica
      EVMechanicaEVMechanica
      • Home
      • News
        • E-Mobility
        • EV Battery
      • Charging Stations
      • Policy
      • Research
      • Interview
      • Jobs
      • Events
      • E-Mag
      • Subscription
      Facebook YouTube LinkedIn WhatsApp
      EVMechanicaEVMechanica
      Home » Kolkata EV Start-up Plans for Expansion of its Fleet

      Kolkata EV Start-up Plans for Expansion of its Fleet

      Aishwarya SaxenaBy Aishwarya SaxenaOctober 20, 2022 E-Mobility 2 Mins Read
      Share
      Facebook Twitter LinkedIn WhatsApp

      Electric cycle manufacturer, Motovolt Mobility has been in talks with various online food and grocery delivery firms to help develop their fleet size across the country.

      MotovoltIt is also in discussion with a few private-equity (PE) players to raise Rs 100 crore in the next financial year, he said.

      “Talks are on with online delivery firms like Swiggy, Zomato and Zepto for supplying products like e-bikes to help develop their fleet,” Motovolt Mobility founder and CEO Tushar Choudhary told reporters here.

      The company is planning to manufacture e-scooters at its existing facility near Kolkata, he said.

      The planned e-scooters can have a speed of 25 kmph for which motor vehicle registration and licenses are mandatory.

      “The company will launch e-scooters in the fourth quarter of the current financial year. We are also in talks with a few PE players to raise Rs 100 crore and are in the advanced stage of discussion. The PE fund will be raised in the third quarter of this fiscal. The total funds required for expansion and growth is Rs 200 crore. The balance of Rs 100 crore will come from internal accruals,” Choudhary said.

      Motovolt launched e-bikes that do not require any motor vehicle registration to tap the growing urban market for electric two-wheelers.

      The company is now sourcing lithium-ion battery cells from China, while the packing is done at the city production facility, he said, adding that it has a manufacturing facility for 50,000 two-wheelers per annum.

      The Kolkata-based company plans to capture a substantial part of the current two-wheeler market size of the country at 30 million units per annum through the expansion of retail outlets and online sales.

      expansion lithium-ion battery cells manufacturing facility motor vehicle registration Motovolt Mobility news Swiggy Zomato
      Share. Facebook Twitter LinkedIn WhatsApp
      Aishwarya Saxena

      More article from Aishwarya Saxena

      Keep Reading

      EV and Auto Stocks Show Mixed Results on July 2: Bharat Forge and UNO Minda Lead Gainers

      Omega Seiki Mobility: Rising challenger in India’s EV market

      EV charging stations installed at Guldhar, Duhai RRTS

      Leave A Reply Cancel Reply

      6 + 5 =

      E-MOBILITY

      Omega Seiki Mobility: Rising challenger in India’s EV market

      July 2, 2025

      Chennai receives 120 electric buses via global initiative

      July 2, 2025

      TVS iQube gets 3.1 kWh variant, 123km range

      July 2, 2025

      MG, Mahindra surpass Tata in India’s EV market

      July 2, 2025

      Articles

      Why Fintech Innovation is the Catalyst for EV Adoption in Tier 2 India

      While we have heard about the electric vehicle (EV) revolution in India, as it continues…

      Is Silver the New Strategic Metal for the EV and Clean Energy Revolution?

      The transition to sustainable energy systems and electric vehicles (EVs) is not a pipe dream;…

      EV Incentive Phase-Out: What Happens After FAME-II Ends in India?

      As India made progress creating new clean transport, there is a significant change with the…

      © 2025 EVMechanica.com.
      • Home
      • About Us
      • Contact Us
      • Subscription

      Type above and press Enter to search. Press Esc to cancel.