Raptee Energy CEO and co-founder Dinesh Arjun says they plan to roll out electrical motorbikes by May finish or early June.
| Photo Credit: Special Arrangement
EV motorbike start-up Raptee Energy is planning to raise $19 million from new and current traders to fund growth plans, a high official stated.
“Last time, we raised $4.5 million and this will enable us to launch our maiden e-motorbike and thereafter, we need funds for production ramp-up, dealership expansion and roll out of e-bikes in other States,” CEO and Co-Founder Dinesh Arjun stated.
The start-up was speaking to a number of non-public fairness traders, he stated, including they’d already rolled out production-ready e-motorcycle from the Chennai plant. Commercial launch will occur by May/June. In the primary yr, the e-motorcycles could be offered in Chennai and Bengaluru.
Raptee Energy additionally plans to open up the primary firm owned and operated retailer in Chennai. After 12 months, it might enter Bengaluru, Kochi, Hyderabad, Pune and Gurugram. It will undertake on-line and offline channels for distribution.
Mr. Arjun stated the corporate made its battery packs whereas cells have been procured from two totally different sources. Currently, it has a single platform that may produce two variants in three colors.
The preliminary manufacturing capability is pegged at 9,000 items per 30 days. However, the corporate plans to ramp up its manufacturing in a gradual and staggered method.
Regarding the e-bike, the primary batch will bear rigorous testing and homologation processes, together with ARAI certification and road-safety checks. The motorbike got here with a portfolio of patented applied sciences and improvements and is appropriate with CCS2 charging factors.
Mr. Arjun stated the current mannequin will compete with the likes of 250cc Pulsar and Royal Enfield priced at ₹2.50 lakh. After a yr, Raptee Energy plans to produce e-bikes equal to 150cc and 350 cc motorcyles.
