It is the age of the electric revolution. Even the Indian Government has announced an ambitious plan of phasing out conventional internal combustion engines by 2030. While this means that many of the existing companies will have to rework their strategies from the ground up, this also leaves a large void for new companies that could reap huge returns in the future. We take a look at some of these game-changers who are looking to revolutionize the Indian automobiles industry with their new-gen electric vehicles.
Ather is the largest startup operating in this space. The company is looking to produce a range of premium smart two-wheelers targeting the high-income Indian users. The company unveiled their first product, the S340 Scooter in January 2016 and is set to start production by the end of this year. Designed and built completely in-house, the S340 can achieve a top-speed of 75 km/h. The scooter has a range of 72 km when run at a constant 60 km/h and the batteries can be topped up to 80% in just 50 minutes.
Founded by two IIT Madras alumni, Ather hit the limelight when it raised INR 180 Crore from Hero Motocorp in a funding round which concluded recently. The company had, previously, been backed by venture capitalist firm Tiger Global and Flipkart founders, Sachin and Binny Bansal. The company will also establish quick charging points across its city of sales. The S340 will initially be launched at Bengaluru, Pune and Chennai, with plans to expand to other cities as the brand grows in size and popularity. Expect prices to hover around the INR 1 Lakh mark.
The first company to have launched an electric bike in the country, Tork draws from its experience as a motorcycle racing firm which has, in the past, even participated in the iconic Isle de Man TT. The T6X features a naked street-bike styling and an indigenously developed motor. The bike can whirr its way to a 100 km/h top speed and the company claims that the bike will have a maximum range of over 100 km. Like the Ather, the T6X can be charged up to 80% in under an hour and the company claims that the batteries can complete 1,000 charging cycles before needing replacement.
The interesting standout feature here is the advanced data collection and on-board telematics systems. Again, like the Ather S340, the T6X has a touchscreen interface with navigation compatibility and a customizable UI. Also, both the two-wheelers constantly monitor your riding habits and allow you to alter the response of the vehicle on the go. The T6X is open for pre-bookings now and was available in Pune, Delhi and Bengaluru at the time of launch. The bike will retail for around INR 1.25 Lakh.
Mean Metal Motors
MMM was born as a dream of a few college students at the Manipal Institute of Technology. It aims to develop the first Indian supercar – one that can rival some of the most legendary carmakers abroad. After years of hard work, the M-Zero was the stunning product that they came up with. The supercar will have an equivalent power of 500 BHP and can accelerate from nought to the ton in under 3 seconds. It will have a range of over 300 km which may be extended to 400 post further tests.
The company signed an agreement with Italy-based Tazzari Group which already has suitable expertise in building electric vehicles. The M-Zero will make its debut in India in 2019 and will be priced between INR 60-80 Lakhs.
The Bengaluru based startup, founded by IIT Delhi alumnus is looking to build the first electric sportsbike from the country. The first product from the company, aptly titled the Model 1 will feature a powerful electric motor that can propel the Model 1 from zero to 100 in under 3.5 seconds and it will be able to hit a top whack of 170 kmph. The bike will offer a claimed range of 200 km and a DC Fast charger will allow users to get 80 percent juice in just 36 minutes.
Presently, Emflux is in the final stages of testing its superbike. The production version will be unveiled at the Delhi Auto Expo next year and sale will be limited to just 199 copies. Its successor, the Model 2 will be a naked street bike with similar specifications. The Model 3 will receive power and range updates to suit its Power Cruiser avatar. Prices for the sportsbike are expected to start from INR 5 Lakh.