Emotorad Set to Open World’s Largest E-cycle Gigafactory in Pune
Emotorad Set to Open World’s Largest E-cycle Gigafactory in Pune
Emotorad aims to reach an impressive 92% domestic sourcing rate by the conclusion of 2024. This bold objective underscores a substantial move towards lessening reliance on international suppliers.
15th May 2024
Emotorad, a leading player in the electric bicycle sector, is making waves with its upcoming gigafactory in Pune. Co-founder Kunal Gupta has outlined an ambitious vision for the facility, aiming for an annual production capacity of 500,000 units. This substantial capacity signifies more than just numerical figures; it signifies the potential to revolutionise commuting patterns, reduce carbon emissions and promote a greener, more sustainable tomorrow.
Emotorad’s ambitions extend beyond electric cycle manufacturing. The gigafactory will function as a central facility for producing vital components like battery packs, motors, displays and chargers, consolidating all processes under a single roof. This integrated manufacturing strategy aims to bolster quality control, cut production expenses and streamline supply chains, thereby reinforcing the ‘Make in India’ initiative.
Kunal Gupta is dedicated to advancing self-sufficiency. Emotorad aims to reach an impressive 92% domestic sourcing rate by the conclusion of 2024. This bold objective underscores a substantial move towards lessening reliance on international suppliers, especially amidst current uncertainties and disruptions in global supply chains.
Emotorad’s gigafactory represents more than just a surge in production; it signals a profound shift towards cleaner, sustainable transportation. Electric cycles offer a myriad of advantages: they reduce carbon emissions, enhancing air quality and promoting a healthier planet. Moreover, they offer a cost-effective alternative to traditional modes of transport, saving commuters’ money on daily travel expenses.
Encouraging both a healthy lifestyle and eco-conscious behaviour, e-cycles stand as a beacon of sustainable mobility. With a wider array of e-cycles poised to become available at potentially lower costs through domestic production, there is a growing allure for individuals to embrace this environmentally-friendly mode of transportation.
With innovative technology, a commitment to sustainability and a strong focus on the Indian market, Emotorad is poised to emerge as a global leader in e-cycles. Their substantial revenue of 128 crore rupees in FY 2023, with 65% from international markets, underscores their global appeal. The gigafactory represents a strategic step to fortify their market presence and establish themselves as a prominent player in the e-mobility sector.
