- EMotorad announces plans to build the world’s largest electric cycle gigafactory in Pune, India, to meet growing global demand.
- The gigafactory, spanning 2,40,000 square feet, will focus on producing essential components and have an initial capacity of 500,000 electric cycles annually.
- The expansion is supported by strategic funding secured in the series B financing round and aims to showcase India’s emergence as a key player in the electric cycle industry.
EMotorad, a leading player in the electric cycle market in India, is set to establish the world’s largest electric cycle gigafactory in Pune. Spanning an impressive 2,40,000 square feet, the gigafactory aims to bolster manufacturing capabilities to meet the surging demand for electric cycles globally. The facility, planned in four phases, will focus on producing vital components such as batteries, motors, displays, and chargers, with an initial capacity of 500,000 electric cycles annually.
This ambitious expansion initiative aligns with EMotorad’s commitment to driving innovation and sustainability in the electric cycle sector. Supported by strategic funding secured in the series B financing round, which saw participation from notable investors including Panthera Group and former Indian Cricket Captain Mahendra Singh Dhoni, the gigafactory project aims to position India as a frontrunner in the electric cycle industry.
EMotorad’s strategic approach includes integrating cutting-edge Industry 4.0 standards into the gigafactory’s operations, leveraging digital technologies to streamline manufacturing processes. With plans to participate in major expos such as Eurobike in Frankfurt, Germany, EMotorad aims to showcase its capabilities on a global stage and foster partnerships for market expansion. This bold initiative underscores EMotorad’s commitment to driving growth, innovation, and sustainability in the electric cycle industry, both domestically and internationally.
