India’s First Electric Bike Company Raises 2 Crore Funding
Bengaluru based India's first electric bike Emflux Motors has secured ₹2 Cr in fresh capital from existing and new investors.
The investors participated in this round were R Gopal Reddy, MD of Concorde Group, Narendra Sujan, Director of Sujan Group, Fabian Brian Crain, Co-founder of Chorus One and Epicenter, and existing investors - Meher Roy & Risabh Gupta along with other HNIs.
Founded by Varun Mittal and Ankit Khatry, Emflux motors planning to launch it's first prototype a sports bike in October 2018. The bike is estimated to be priced between ₹5 Lakhs to 6 Lakhs.
The charging time of bike is- from 0-80% in 36 minutes. The company was also showcased in Auto Expo 2018 in Hall 08. The bikes will be given a 5-year warranty.
Electric Vehicles are no doubt the future of the...