Voltrix Mobility Enters E-Bike Segment, Launches INR 55,999 “Tresor” Desktop Commuter Bike, Auto News, ET Auto

The bike also comes with five levels of pedal assistance, an accelerator-only (like a conventional bike) and a manual pedaling mode, he said.

Based in Chennai Voltrix Mobility announced on Wednesday its foray into the electric bike segment with the launch of the office commuter bike ‘treasure‘for the urban segment, at an introductory price of INR 55,999. The company also said it plans to roll out two more products over the next six months to address other segments and that it plans to capture 4-5% of the market share by 2024.

the electric bike with a 250 watt motor and a removable built-in lithium-ion battery that eliminates the need for charging stations, offers a range of 60 to 80 km per charge and with a top speed of 25 km / h (km / h), the company said in a statement. .

The bike also comes with five levels of pedal assistance, an accelerator-only (like a conventional bike) and a manual pedaling mode, he said.

The release adds that it can be booked with an upfront payment of INR 999, while deliveries are expected to start from the third week of this month.

“Electric bikes are essential for our country to be a healthy ‘young India’. I am convinced that Voltrix will become a whole new alternative for safe, pleasant and healthy transport for the urban population ”, said the founder and CEO of Voltrix Mobility. Viveak M Palanivasan.

Voltrix Mobility Chairman Kumar Loganathan said the company has identified some key areas and has clear plans to establish an electronic components manufacturing plant for the e-bike segment in India.

“We are aiming to reach 150 outlets in six urban cities by 2024 in order to occupy 4 to 5% of the market share with more than 40,000 Voltrix electric bikes circulating on Indian roads,” he said. .

Its founder and CTO, Sakthivigneshwar R, said: “Tresor, being our first product line from Voltrix, is designed and developed specifically for office workers. With an average city speed of between 16 and 20 km / h, cycling will help you reach your destination faster and more efficiently. ”

He added that the company will launch two more products over the next six months, catering to different customer profiles.

The company said it also provides easy financing options for customers to purchase the bike.

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Kratos is a ‘Made in India’ smart motorcycle and has been the subject of extensive research and development for over six years. The electric bike is expected to sell for around 1.5 lakh INR (ex-showroom) and it is likely to compete with ICE 125cc-150cc motorcycles, the company said.

“We have already invested around 2.5 million euros in the business with Tier 1 and Tier 2 OEMs (original equipment manufacturers) on our board, who have not only injected capital, but have also invested their expertise in the company. We are looking to invest more around INR 100 crore in two years, ”Senghani told PTI.

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