Bengaluru-based electrical scooters begin up, kWh Bikes has registered 78,000 pre-orders, within the type of signed Letters of Intent for its upcoming e-scooter from 75 sellers throughout India. Within 5 months of registration opening, the corporate has obtained orders value greater than Rs 1000 crores for its maiden e-scooter, which is anticipated to be launched in early 2023.
The firm has partnered with present automotive sellers and distinguished B2B gamers for distribution throughout 9 areas together with Karnataka, Delhi, Maharashtra, Haryana, UP, Bihar, Gujarat, West Bengal, and Rajasthan.
Speaking on the announcement, Siddharth Janghu, Founder and CEO, kWh Bikes, mentioned, “The pre-bookings that have been received are organically generated without any marketing. We have received interest from overseas markets as well, but we are currently focussing on India. As a seed funded startup, this is a big milestone for us. We are putting together a strong, reliable, safe, high-performance, and feature-packed electric scooter that is being developed keeping the Indian conditions in perspective, and we are aiming to get into production in early 2023. In this regard, we have been offered full support by several state governments. We are proud that we have been able to stretch our seed capital to achieve these outcomes.”
Founded in 2020, kWh Bikes envisions to construct India’s strongest, most secure, and best-performing electrical scooters. Some of the salient options of its forthcoming e-scooter are a high pace of over 75 kmph, 4 hours charging time, excessive comfort, and reliability. It has an aspirational but purposeful design with premium appears to be like and is supplied with excessive efficiency, energy, and know-how.
The firm raised $2 million in a seed spherical led by LetsVenture, with Better Capital, Cloud Capital, Founder Backer Capital, and Faad Network, amongst others.