AAA weekly
2021-07-19
Copyright FOURIN, Inc. 2024
Overview of Asia’s Electric Motorcycle Startups
In Asia, motorcycle electrification is on the rise, startups are emerging one after another. In India, the world’s largest motorcycle market, more than two dozen companies have newly entered the market since around 2010. Elsewhere, local emerging manufacturers are increasing their presence in Indonesia and Vietnam, which are ASEAN’s major motorcycle markets, and in Taiwan, which has one of the world’s highest motorcycle ownership rates.
In India, Hero Electric and Okinawa Autotech each sold tens of thousands of electric motorcycles in 2020, leading the market.
Hero Electric plans to expand its charging infrastructure and support services, and Okinawa Autotech aims to further increase sales by expanding its product portfolio. In 2021, India’s major ride-hailing company Ola’s plan to introduce an electric scooter is attracting attention. The company will launch an electric motorcycle plant in mid-2021 with an annual production capacity of 2 million units. Meanwhile India’s Avera Electric Vehicles is selling electric scooters and developing charging stations that use an in-house developed iron phosphate battery as a power storage system for solar power generation.
In ASEAN, Vietnam’s VinFast, which launched its first electric scooter in November 2018, sold 45,000 units of electric motorcycles in 2020. In Indonesia, the largest motorcycle market in ASEAN, Indonesia’s first electric scooter brand Gesits has won many orders from local governments and government-affiliated companies, increasing its presence in the motorcycle market. SWAG EV, headquartered in Singapore, has developed an electric scooter in China. The company has 12 stores in Thailand and has been exporting to other ASEAN countries and Europe.
In Taiwan, local electric motorcycle maker Gogoro holds dominant share in the electric motorcycle market. Gogoro focuses on battery swapping and already had 2,000 battery-swapping stations in Taiwan as of November 2020. It also provides its self-developed battery-swap system to other motorcycle makers. By May 2021, Gogoro’s affiliates consisted of eight companies including Yamaha, China Motor (CMC), Hero MotoCorp, Dachangjiang Group (DCJ) and Yadea Group.
Asia: List of Major Electric Motorcycle Startups
| Country | Company | Overview / Trends |
|---|---|---|
| India | Hero Electric | ・India’s Hero Group’s electric motorcycle manufacturer. Although it belongs to the same corporate group as the motorcycle maker Hero MotoCorp, there is no relationship or collaboration between the two because they are developing businesses completely independently of each other. ・It sells electric scooters such as Flash, Optima, Nyx and Photon, and is the largest in India in terms of electric motorcycle sales, along with Okinawa. Sales in 2020 were 53,000 units. ・As of April 2021, it has announced a plan to install its own charging infrastructure at 20,000 locations over the next two years and to train 20,000 service personnel over the next three years. |
| Ather Energy | ・A startup launched by alumni of the Indian Institute of Technology in 2013. In 2018, the first electric scooter Ather 450 was released, beginning sales of electric motorcycles. Initially, sales were carried out exclusively in southern Bangalore, where the head office is located, but the company has been expanding its business throughout India. Hero MotoCorp invested in the company in 2018, and as of 2020, Hero MotoCorp had a 38.57% stake. ・Produces motorcycles and battery packs in Tamil Nadu state. As of February 2021, its production capacity was 110,000 electric scooters / year and 120,000 battery packs / year. It plans to invest 6.35 billion INR in the five years from 2021 to expand the plant. The local procurement rate for parts including battery packs is said to be 90%. | |
| Okinawa Autotech | ・A startup launched in 2015 by Jeetender Sharma, who used to work for Honda’s Indian motorcycle manufacturing subsidiary. In January 2017, it launched its first product, Ridge (discontinued in 2020), entering the electric motorcycle market. In 2019, it was approved for the purchase subsidy of the Indian government’s electric vehicle policy FAME India Phase II. ・In terms of the number of electric motorcycles sold, it is one of the largest manufacturers in India along with Hero Electric. In 2020, 31,000 units were sold. Its goal is to expand its product portfolio in 2021 and sell three times more motorcycles than in 2020. | |
| Ultraviolette Automotive | ・Electric motorcycle startup established in 2015. Indian motorcycle giant TVS Motor took a stake in December 2017. TVS Motor made an additional investment in September 2020, raising its stake to 29.48%. ・It is developing premium electric motorcycles with a displacement of 200-250cc. In November 2019, the prototype model F77 under development was unveiled. Initially, production was scheduled to start in 2019, but it seems that the start of mass production has been postponed after 2021. | |
| Revolt Intellicorp (Revolt) | ・Electric motorcycle startup established in 2017. Launched by Rahul Sharma, co-founder and former CEO of Indian electronics manufacturer Micromax. Headquartered in Gurgaon, Haryana state, northern India. In August 2019, it launched two models of electric motorcycles, RV400 and RV300, entering the electric motorcycle sector. As of May 2021, it operated 11 stores in Delhi, Pune, Ahmedabad, Hyderabad, Chennai and Mumbai. ・In April 2021, Indian conglomerate RattanIndia Enterprises, which is engaged in power generation business, invested 1.5 billion INR in Revolt. It has a 43% stake in Revolt and has won 50% on a voting rights basis. It has also been decided that Rajiv Rattan, chairman of RattanIndia Enterprises, will become chairman of Revolt. | |
| Ola (Ola Electric) | ・Ola Electric, the electric vehicle division of Indian ride-hailing giant Ola, plans to start production of electric scooters in July 2021. Prior to this, it acquired the Dutch electric scooter startup Etergo in May 2020, and will introduce a model based on Etergo’s App Scooter. Prices and specifications have not been announced. The production capacity of the motorcycle plant, which also manufactures battery packs and motors, is planned to be 2 million units / year at the beginning of operation and 10 million units / year in the future. ・In May 2021, it announced plans to start exporting to Europe such as France, Italy and Germany by the end of 2021. | |
| Simple Energy | ・Established in 2019. Based in Bangalore. In November 2020, the electric scooter prototype Mark 1 obtained approval. The Mark 2, which is scheduled to be launched in August 2021, is equipped with a 4.8kWh removable lithium-ion battery and has a maximum speed of 100km / h and a cruising range of over 240km. ・Other than the battery cell, it carries out R&D and manufacturing of the exterior, chassis and battery pack in-house. The local procurement rate is 79-85%. It has a contract with Panasonic which supplies batteries and carries out BMS test and battery pack R&D. ・A new factory is under construction in Hosur, Tamil Nadu state. The investment amount is 450 million INR. The initial production capacity is planned to be 50,000 units / year. ・Under the name of "Matrix," it also develops its own quick charging network. | |
| Go GreenBOV | ・Established in 2011. Based in Bangalore. Its product lineup consists of four electric scooters. The latest model is Sunoti, which was launched in 2018, and is available in two grades with a cruising range of 60km and 100km. The maximum speed is 100km / h. The battery is fixed and has a long-term warranty of 5 years. ・The plant is located in Srinivaspur, Karnataka state, producing 640 units / month as of April 2021. The production capacity is set at 14,000 units / year. At the same time, Dhivik Ashok, CEO of the company, has set a goal of capturing 20% of the market. | |
| Ampere Vehicles | ・Established in 2008. Based in Tamil Nadu state. It is a wholly owned subsidiary of Greaves Cotton, which handles engines. Launched its first electric scooter in 2008 and now has a lineup of six models. The approval of 16 patents related to EVs are pending while three patents have been granted. In addition to lithium-ion batteries, some low-priced electric scooters are equipped with lead batteries. ・In February 2021, the company announced that it had concluded an MoU with Tamil Nadu state, investing 7 billion INR in Ranipet to build a new production plant. The Ranipet plant is scheduled to start operations in 2021, with plans to produce 100,000 units in the first year of operation, and then gradually expand production capacity to 1 million units / year. | |
| Earth Energy EV | ・Established in 2017. Headquarters, R&D center and production base are in Mumbai. In February 2019, the electric scooter Glyde+, and the electric motorcycles Evolve R and Evolve Z were introduced. Prices range between 92,000 and 142,000 INR. It has dealers in southwestern India in Mumbai, Pune, Nashik, Alibag, Vadodara, Surat, Telangana and Tamil Nadu. ・It engages in in-house production of drive trains, lithium-ion battery packs and vehicle control units (VCUs).The expansion of charging stations is also underway. In the future, the company plans to introduce electric commercial vehicles. | |
| Pure EV | ・A startup of the Indian Institute of Technology Hyderabad, established in 2015. In addition to developing four models of electric motorcycles, it supplies its own batteries to EVs, solar ESS, homes, offices, communication buildings and data centers. The battery cell is a square lithium iron phosphate (LFP) battery. ・The plant has a site area of 6,503m2. It has a production capacity of 20,000 electric motorcycles / year and batteries of 0.5GWh / year. The company plans to build a new plant in 2021 to increase the total production capacity to 200,000 motorcycles / year and 5GWh batteries / year. | |
| Avera Electric V ehicles | ・Started R&D in 2014 and established the AVERA brand in 2018. It has a production plant, R&D center and in-house battery production base in Andhra Pradesh state. It manufactures lithium iron phosphate batteries developed in-house for electric scooters and charging infrastructure. ・Introduced the electric scooter Retrosa in 2019. The Retrosa Delivery is the company’s delivery-type model. It can be charged in 3-4 hours with normal charging and 1-2 hours with quick charging. It has a cruising range of 120-140km. The maximum speed is 90km / h. The model is equipped with a fixed 2.6 kWh battery, but it can also accommodate a removable battery for ride sharing. The company plans to introduce three models in the coming years. ・The company is also developing its own charging infrastructure using solar power generation and energy storage systems. | |
| Orxa Energies | ・Established in 2015. Based in Bangalore, it was created by Airbus BizLab, an Airbus startup support program. It introduced India’s first electric sports motorcycle Mantis at India Bike Week 2019. The model’s launch is expected in 2021. Mantis has a cruising range of 200km and a maximum speed of 140km / h. In-house development of BMS and heat management has taken over 3 years. The frame is made of aluminum only to reduce weight. It is equipped with a 9kWh lithium-ion battery pack. The battery pack consists of six removable modular units, and the total weight of the pack is 63 kg. | |
| Tork Motors | ・Established in 2009. A high-end electric motorcycle startup based in Pune. Indian forged parts manufacturer Bharat Forge has a 48.86% stake in the company. Ola’s founders is Bhavish Aggarwal and Ankit Bhati. Ratan Tata also has a stake in the company. ・The concept car T6X was announced at India’s Auto Expo in December 2016, but it has not yet been launched. The cruising range of the T6X is 100km and has a maximum speed of 100km / h. It is equipped with a lithium-ion battery that can be charged 80% in 60 minutes. ・In 2014, Yamaha Motor announced the prototype Tork FZ equipped with an electric powertrain on the Yamaha FZ. In 2014, the Tork FZ prototype model was unveiled. The model is based on the Yamaha FZ equipped with an electric powertrain. | |
| Emflux Motors | ・Established in 2016. Bangalore-based electric superbike startup. The electric superbike Emflux One can accelerate up to 100km / h in 3 seconds and has a top speed of 200km / h. Equipped with its own water-cooled motor and lithium-ion battery pack that uses Samsung’s SDi cell. It can be charged 80% in 36 minutes and has a cruising range of 200km. It was unveiled at India’s Auto Expo 2018, but the introduction of Emflux One has been delayed due to the company’s start of the electric tricycle business with a subsidy of 2.5 million rupees from Karnataka state in 2020. | |
| Atumobile | ・An electric motorcycle startup based in Hyderabad. Introduced the first model Atum 1.0 in September 2020. Equipped with a lightweight removable lithium-ion battery weighing 6 kg, it can be fully charged in 3-4 hours with the company’s own charger. It has a cruising range of 100km and the maximum speed of 25km / h. The price starts from 50,000 INR. Atum 1.0 is certified by the International Centre for Automotive Technology (ICAT) as a low speed bike that does not require registration or license. Although it has a maximum speed of 25km / h, it is not a scooter or moped but a motorbike. ・The electric motorcycle plant in Telangana state has a production capacity of 15,000 units / year, and an additional production capacity of 10,000 units can be added depending on future demand. | |
| Gemopai Electric | ・Established in 2018. Based in Greater Noida. A joint venture between Delhi-based Goreen E-Mobility and Opai Electric of China, which has a track record of over 15 years in the production of electric motorcycles. Three models of electric scooters Miso, Ryder and Astrid Ride have been deployed in the market. All models are equipped with a removable lithium-ion battery. ・There are more than 60 dealers in India. It also has a store in Nepal. In October 2020, it announced a partnership with CredR, a used motorcycle platform company, to introduce a transfer program from gasoline motorcycles to electric motorcycles. A similar program by CredR has been also introduced by Ampere Electric and Ather Energy. | |
| Nexzu Mobility | ・Established in 2015. A startup based in Pune, Maharashtra state. Its predecessor was Avan Motors, but it changed its name to the current company name in January 2020. In addition to the introduction of electric scooters in 2020, four models of electric bicycles will also be introduced by 2021. Two models of electric scooters, Dextro and Dextro+, are available. Equipped with a fixed lithium-ion battery, charging time is 4-5 hours. According to its introduction at the 2019 Pune Motor Show, the maximum speed of Dextro is 45km / h and has a cruising range of 50-80km, a maximum speed of Dextro+ is 60km / h and a cruising range of 80-200km. ・As of April 2021, it had 100 dealerships in India. | |
| Kabira Mobility | ・Established in 2015. A startup, based in Goa, founded by a team of engineers from the Indian Navy. It has three production bases and a total production capacity of 1.12 million units / year. Electric motorcycles KM3000 and KM4000, and seven models of electric scooters are available. All models are equipped with Delta EV BLDC hub motors. For electric scooters, all models, except the Hermes 75 for delivery, have a top speed of 24-25 km / h. They do not require a driver’s license. | |
| One Electric Motorcycles | ・Electric motorcycle startup. In October 2020, it launched its first electric motorcycle KRIDN. It has a maximum speed of 95km / h, a cruising range of 80km or more than 110km, and fitted with a 3kWh lithium-ion battery. KRIDN’s suspension parts are procured from Munjal Showa, tires from Ceat and lighting parts from FIEM Industries. The company develops battery, motor and controller technologies in-house, and has a local procurement rate of 80% for parts. The company’s target is to raise the local procurement rate to 100% by the end of 2021. | |
| BattRE Electric | ・Established in 2017. Based in Jaipur, Rajasthan state. The company has developed four models of electric scooters equipped with a lithium iron phosphate (LFP) battery. The removable battery can be charged in 2.5 hours and has a lifespan of 2,000 charging cycles. In addition to electric scooters, one electric bicycle model is also available. | |
| Omjay EV (EeVe) | ・Established in 2018. A startup based in Odisha state. Including the flagship model Xeniaa, the company offers four electric scooters. The other three are 4U, Wind. and Your. Wind and Your are equipped with fixed lead-acid batteries. The Xeniaa and 4U are fitted with removable lithium-ion batteries and a Bosch’s 250W motor. The maximum speed of all models is 25 km / h. ・As of May 2021, the production capacity of EeVe’s motorcycle plant was 250,000 units / year, but a new plant is scheduled to start operation by the end of 2021. Once the new plant goes into operation, total production capacity will reach 1 million units / year. The company will introduce seven models including electric bicycles and electric tricycles in 200 cities in the coming years. | |
| Rissala Electric Motors (Evolet) | ・Established in June 2019 by former military personnel, including Prerana Chaturvedi, a female pilot of the Indian Air Force, as an electric vehicle startup for the Rissala Group, which engages in a wide range of businesses such as horse racing and agriculture in India. Based in Gurugram. Introduced the first electric scooter in September 2019. As of May 2021, it had four electric scooter models, one electric sports bike, as well as electric quad bikes, electric mopeds, electric tricycles and electric buses on the market. The company also has its own charging infrastructure. ・Electric scooters are available in two grades equipped with lithium iron phosphate (LFP) batteries and valve regulated lead–acid (VRLA) batteries. The cruising range is 120km. The electric sports bike Hawk is equipped with a LFP battery. ・The motorcycle plant in Manesar, Haryana state has a production capacity of 360,000 electric motorcycles / year. ・Electric buses are produced at the Hyderabad and Chennai plants through a joint venture with AMS Electric Mobility. The production capacity is 1,500 units / year. ・As of March 2021, there are 71 domestic dealers. It also plans to export to the Asia-Pacific region and the Middle East. | |
| Emoto Electric | ・Founded in 2011 by product designer Pranav Singanapalli. A startup based in Tamil Nadu state. The first electric motorcycle Surge is expected to be launched by the end of 2021. Two grades will be available: Surge 6K with a maximum speed of 100km / h and Surge 10K with a maximum speed of 120km / h. Equipped with three lithium-ion battery packs, the total cruising range will reach 450km. One battery pack can be charged in 3.5 hours with home charging and one hour with DC charging. | |
| DEVOT Motors | ・Established in 2019. Based in Rajasthan state. The founders include Varun Deo Panwar CEO, who collaborated with Samsung among others in the UK as a software consultant, and Kapil Deo Panwar CTO, an automobile engineer who directed projects at Aston Martin and other companies. Introduced the company’s first electric motorcycle prototype at India’s Auto Expo 2020. The model has a maximum speed of 100km / h, a cruising range of 200km, a removable lithium-ion battery, and features keyless entry. It is targeted to have a local procurement rate of 70-90%. | |
| OBEN Electric Vehicle | ・A high-end electric scooter startup established in August 2020. Based in Bangalore, Karnataka state. The company was launched by Madhumita Agrawal and her husband Dinkar Agrawal. It seems that the first model Oben will be introduced after July 2022. It will have a top speed of 90km / h, a cruising range of 110km, and will be equipped with a removable battery. | |
| Indonesia | Gesits | ・Indonesian electric scooter brand Gesits is manufactured by WIKA Industri Manufaktur (WIMA), a joint venture between Wijaya Karya Industri & Konstruksi and Gesits Technologies Indo (GTI). Established in 2018, Gesits was unveiled at the Indonesia International Motor Show (IIMS 2019) in April 2019 and sales began in July of the same year. The joint venture launched its own charging infrastructure in partnership with Indonesian state-owned electric power company PLN. ・The plant is located in Bogor, West Java province and has a production capacity of 50,000 units / year. |
| Selis | ・Selis is an electric vehicle brand manufactured by Gaya Abadi Sempurna of Indonesia. The company manufactures electric motorcycles (scooters) such as E-Max and Agats in addition to electric bicycles and electric mopeds. In October 2020, it was reported that Grab had begun pilot service of electric motorcycles in Jakarta using Selis’ E-Max. ・As of March 2021, the company has 38 dealerships in Indonesia and plans to expand its network to 500 stores by 2022. | |
| Viar Motor | ・Established in 2000. Headquartered in Jakarta. It has two production bases in Semarang, which manufactures motorcycles, three-wheelers and bicycles. The lineup of electric vehicles includes electric scooters and electric bicycles. The electric scooter Q1 is equipped with Bosch’s 800W motor and has a maximum speed of 60km / h and a cruising range of 60km. Q1’s prototype was unveiled in 2015 and was launched in 2017. In 2017, the company signed an MoU on technical assistance with Bosch. | |
| Indo Jaya Motor Electric (Elvindo) | ・A startup headquartered in Jakarta. In January 2020, the company’s electric motorcycle plant in Tangerang, Banten province was put into operation. Its electric motorcycle lineup consists of three models. They have a cruising range of 60-65km and maximum speed of 60km / h. Their prices range between 15 million-17.5 million IDR. The top model Arjuna is equipped with a lithium-ion battery. A new model is scheduled to be launched in the latter half of 2021. As of January 2021, the company had eight stores. | |
| Thailand | Etran | ・Venture capital Digital Ventures, operated by Siam Commercial Bank of Thailand, has invested in the company. The prototype of an electric powertrain was unveiled in 2017, and the electric motorcycle Etran Kraf was introduced in September 2019. Apparently components are manufactured by local automobile parts maker Summit Group. ・In May 2021, Thai tire and battery manufacturer N.D. Rubber acquired a 25% stake in Etran. Etran plans to expand its network to 100 battery swap stations in Bangkok over a three-year period. |
| Deco Green Energy | ・Based in Sam Phran, Nakhon Pathom province. The company manufactures and sells electric vehicles, spare parts and lithium-ion batteries. It is affiliated with Taiwanese electric motorcycle manufacturer LAIKE. The company’s product lineup consists of nine electric motorcycle models, three electric three-wheeler models and one electric bicycle model. They are equipped with removable manganese-based and iron phosphate lithium-ion batteries. The company aims to produce 200,000 units / year in the future. | |
| Malaysia | Eclimo | ・Established in 2008. Malaysian company with headquarters, R&D center and factories in Penang state. In addition to manufacturing the electric motorcycle ES-11, it also produces lithium-ion battery packs (Ecrimo Power) and modules. It has its own patent for technology that eliminates spot welding, which causes heat imbalance in battery packs, and for direct-drive motors. ・The electric scooter ES-11 has a maximum speed of 100km / h and a cruising range of 100km. ES-11 is used for delivery of Kentucky Fried Chicken in Malaysia and for tourism in Cambodia. |
| Vietnam | Vinfast | ・VinFast, Vietnam’s emerging automobile manufacturer, was launched in 2017 by local conglomerate Vingroup. In addition to automobile business, it is also engaged in electric motorcycle operations. The first electric scooter Klara was released in 2018. Later, Klara S, Impes and Ludo, compatible with the battery-swap system, were introduced. The electric scooter models use Bosch motors. In 2020, 45,000 electric motorcycles were sold. In 2021, two electric motorcycles Theon and Feliz were introduced. The two models are equipped with battery packs developed by VinFast using Samsung’s battery cells. |
| Dat Bike | ・Established in 2018. Based in Ho Chi Minh City. The flagship electric motorcycle model Weaver is capable of carrying two passengers and is equipped with a 5kW motor. It features lithium-ion batteries with the same chemical composition as Tesla’s models. Charging takes three hours. Battery life is 100,000 km (10 years). It has a cruising range of 100km and a maximum speed is 80km / h. ・The company opened a store in Ho Chi Minh City in December 2020 and sold hundreds of units by April 2021. ・In April 2021, it raised 2.6 million USD from Singapore investment fund Jungle Ventures. | |
| PEGA | ・Established in 2012. Headquartered in Bac Giang province. It has 300 showrooms and 500 dealers in Vietnam. Its product lineup consists of five electric motorcycles. ・In July 2020, the company signed a contract to export two models, Pega X-Men and Pega Aura, to Cuba. In the same month, it decided to export the highest-end electric scooter model Pega-S to China and Europe. ・In 2017, a factory with a site area of 15,000 m2 and a production capacity of 480,000 units / year was built in Bac Giang province. The local procurement rate is 85%. It has collaborated with Honda and Yamaha regarding joint production, and has cooperated with Bosch to introduce motors, speed regulators, controllers, chargers and other components. | |
| Singapore | SWAG EV | ・Established in 2018. Headquartered in Singapore. The company acquired an electric bicycle manufacturer in Shanghai in 2016. After that, it has been developing and producing electric scooters in China but announced that it will transfer the plant with a production capacity of 50,000-100,000 units / year to Thailand in 2021. The company has 12 stores in Thailand, selling products in Thailand, Malaysia, Cambodia and Laos. There are two electric scooters available Type S and Type X, and their prices range between 62,900-65,900 THB. They are equipped with Bosch’s 2kW motor and Samsung’s lithium-ion batteries. The maximum speed is 60m / h for Type S and 65km / h for Type X. |
| ION Mobility | ・Established in 2019. In 2021, it plans to launch electric motorcycles in Indonesia, where the motorcycle market is large and EV preferential measures are in place available. In October 2020, it raised 3.3 million USD from investment funds such as Monk’s Hill Ventures. In addition to its headquarters in Singapore, it also has offices in Jakarta, Indonesia and Shenzhen, China. At the end of 2019, the electric scooter prototype ION Model 0 was completed. Development of the commercial model is under way in Singapore and China. | |
| EuroSports Technologies (Scorpio Electric) | ・Established in 2017 as EuroSports Technologies (brand name Scorpio Electric), a subsidiary of EuroSports Global, which sells luxury cars. Raised 6.3 million USD in November 2020. The money is used for making prototypes of electric motorcycles scheduled to be launched in 2021 and for preparing for production. The factory and headquarters in Jurong East’s Teban Gardens are under construction. It will have a site area of 3,600 m2 and a production capacity of 8,000 units / year. ・In March 2021, the X prototype was unveiled. It has a maximum speed of 100km / h and a cruising range of 200km. | |
| Nepal | Yatri Motorcycles | ・Established in 2017. An electric motorcycle startup headquartered in Kathmandu. Its product lineup consists of two models, a high-end model Project Zero and another model Project One is suitable for city riding. Project Zero is equipped with an 8 kWh battery. It has a maximum speed of 140 km / h, a cruising range of 230 km, and can be fully charged in two hours. The body is made lighter by using carbon panels. Project One has a maximum speed of 100km / h and a cruising range of 110km. It is equipped with a 3kW battery. ・The design was created in-house, but the production is outsourced to a company outside of Nepal. In order to reduce high tariffs, the company’s goal is to establish a factory in Nepal. The company is working to expand Nepal’s underdeveloped charging infrastructure and is focusing on installing its own quick chargers from the summer of 2021. |
| Taiwan | Gogoro | ・An electric motorcycle startup established in 2011. It launched its first model in 2015. After that, the company increased its market share by expanding its product lineup and charging infrastructure, gaining a dominant share in Taiwan’s electric motorcycle market. It also provides its self-developed battery-swap system to other motorcycle makers. By May 2021, Gogoro’s affiliates consisted of eight companies including Yamaha, China Motor (CMC), Hero MotoCorp, Dachangjiang Group (DCJ) and Yadea Group. |
| CMC | ・A local automobile manufacturer which is also involved in the electric motorcycle sector using the brand name eMOVING. In addition to the development, production and sales of electric scooters, the company announced the formation of a partnership with Gogoro in November 2020. A new model, which is scheduled to be launched in the fourth quarter of 2021, will adopt Gogoro’s battery-swap system. | |
| LAIKE | ・Established in 2008. Headquartered in Kaohsiung. In addition to four electric scooter models, the company also offers electric bicycles, electric three-wheelers, electric quads, chargers and lead-acid batteries. It has a production record of more than 15 years for electric motorcycles, and was leading the electric motorcycle market in Taiwan from 2014 to 2016. The company has 42 dealers throughout Taiwan, mainly in the south. |
