EMotorad Achieves Remarkable 370% Growth in India for Fiscal Year 2024
EMotorad, a leading domestic premium electric cycle brand, has achieved remarkable growth in the Indian market, boasting an impressive surge of over 370% for the fiscal year 2024. Since its establishment in 2020, EMotorad has rapidly expanded its reach, garnering a global customer base exceeding 100,000.
With 12 experience stores strategically positioned in major cities and a robust network of over 350 dealers spanning across India, the brand has firmly established itself as the frontrunner in the market, signaling a trajectory of sustained growth.
EMotorad has the potential for future growth, supported by a robust yearly production capacity of more than 100,000 e-cycles and the recent acquisition of cricket legend MS Dhoni as an investor and brand ambassador.
The introduction of the latest addition to its product lineup, the Doodle v3 in the Desire range, equipped with a sturdy 13Ah battery, a powerful 250W motor, and an impressive range of over 60 km, underscores the company’s dedication to crafting premium electric cycles that redefine commuting standards.
A plethora of glowing testimonials from satisfied customers reaffirm India’s eagerness for the EV revolution and its embrace of value-centric products. EMotorad’s workforce has also experienced significant growth, with over 250 employees and additional contract laborers contributing to its triumph.
Founder and Director Rajib Gangopadhay attributes EMotorad’s rapid ascent to the positive market response and widespread acceptance of its products, both domestically and internationally.
Meanwhile, Co-founder & CEO Kunal Gupta commends the team’s unwavering dedication and expresses gratitude for the steadfast support of customers, reflecting on the brand’s achievements with pride and optimism for the future.
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With an unwavering commitment to customer satisfaction and a dedication to delivering top-tier electric cycles, EMotorad stands at the forefront of reshaping commuting habits. As the brand charts its course for the future, it becomes increasingly clear that EMotorad not only leads the market but also drives innovation within the electric cycle industry, propelling towards a greener and more sustainable tomorrow.
