The company also plans to invest $1 million to create retail flow in the northeast region and set up local assembly units to enable faster/same-day deliveries, the company adds. communicated.
The investment will also enable local forces to partner electric bikes for tourism in the region, he added. According to the company, its goal is to provide job opportunities among its retailers in the seven sister states like Arunachal Pradesh, Assam, Meghalaya, Manipur, Mizoram, Nagaland and Tripura.
Sumit Ranjan, Co-Founder of GoZero Mobility, said: “India is one of the biggest markets for two-wheelers and bicycles in the world and North East India is a strong market for bicycles. electricity which, until now, has remained untapped. We are seeing significant demand for our products in the region; therefore, we see that now is the time for us to expand into the Northeast market. We expect to sell 15,000 units per year through our presence in the Northeast.
The company recently launched its new “Switch” initiative which has garnered more than 2,000 inquiries as consumers are ready to trade in their conventional bikes and switch to e-bikes, he added.
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The company is expected to see further consolidation as big players expand to navigate tighter regulations from cities trying to accommodate e-scooters.
In addition to the soon-to-be-launched OXO, an indigenous high-speed electric motorcycle; HOP’s generation upgrade of the 125km range LYF scooter (internally named LYF2.0) has completed the development cycle, and the launch date will be announced soon, the company said.
The bike aims to deliver a superior EV experience that not only redefines the identity of electric sport mobility, but also features eco-friendly technology.
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