Electric vehicle start-up and tech company BattRE has crossed the 300 dealership mark in 19 states of the country and plans to reach 700 dealerships by FY2023. The launch of two new products, a high-speed electric scooter and a high-speed electric bike by the company will also help in expanding the dealer network. With the launch of these, BattRE is introducing a completely new type of electric two-wheeler in the market.
Aim to increase revenue.
The company is eyeing to increase revenue to Rs 450 crore in FY 2022-23. Which is 300 per cent higher than the revenue for FY 2021-22. Keeping in view the financial target, the company is also looking to make an additional investment of Rs 100 crore to increase production capacity, expand dealer network, launch new products and enhance R&D capabilities.
Company’s expectations.
Capitalizing on the market maturity in the electric vehicle segment, BattRE expects huge growth in the near future. Explaining this, Nischal Choudhary, Founder, BattRE, said, “The growth of the BattRE powered two-wheeler market is yet to reach its growth point. The next 10 years will see an unprecedented annual growth rate of over 100 percent. BattRE will make a mark. And gearing up to take advantage of this unprecedented demand.
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EV will launch by June.
Nischal added, While many new companies have entered this market recently. BattRE has been in this industry for two and a half years and has been providing products that meet the demands of the customers. And soon we will be launching an e- We will launch the scooter which will claim several new beginnings in the EV market and is about to establish itself as a full family vehicle. We are also in the final stages of testing our electric motorcycle. We aim to launch it by June this year. With the launch of these products, customers from all walks of life will be able to find vehicles according to their needs.
With its new expansion plans, BattRE is increasingly focusing on Tier II and Tier 3 cities. These cities are also progressing as demand centers like Tier I cities and are emerging rapidly.
He said, “We want to make electric vehicles a chosen reality for the youth. We are investing in design, capability and performance to make this a priority for them. We are working towards making electric transport the heart of India.” Working relentlessly and through this looking forward to make our small contribution towards sustainable future by providing better transportation solutions.
About BattRE Electric Mobility.
BattRE is a technology based start-up company with its head office in Jaipur. It provides creative solutions to problems caused by carbon footprint, noise pollution and traffic woes through e-bicycles and e-scooters. Since its launch in June 2019, the company has sold over 20,000 units of its various products – One, Lowe, IoT, GPS: IE and e-Cycle.
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