EMotorad registers $2 million international sales profit
Indian e-bike manufacturer EMotorad has achieved a critical milestone generating an international sales profit of $2 million within two years since its inception. So far, it has exported more than 52,000 electric bicycles to over 18 countries across the globe. Out of these 52,000 units of e-bikes sold in international markets, the United States of America constituted a large share of the pie.
EMotorad started its expansion to the international markets by entering the United Arab Emirates and Nepal. The brand later expanded its business to other markets, namely Australia, Japan, and European nations, totalling over 18 countries.
Commenting on the occasion, Rajib Gangopadhyay, Founder and MD, EMotorad, said, "We are proud to have become the fastest-growing e-bike brand in such a short amount of time. Our target is to become the number one Indian e-bike brand by 2024, and we are well on our way to achieving that goal."
"We are excited to continue developing new geographies and dominating those markets with our Made in India e-bikes. Our commitment to quality, innovation, and customer satisfaction remains at the heart of everything we do, and we look forward to continued growth and success in the years to come," he added.
In other news, EMotorad introduced its new premium range of electric bikes, the Desert Eagle and Nighthawk, in India in January this year with sticker prices of Rs 5,00,000 and Rs 4,75,000, respectively. It also launched a new entry-level X-Factor series of electric bicycles, which comprises three models: the X1, X2, and X3.