Voltro Motors, the electric cycle startup is focusing on expansion to increase production and is aiming for sales of up to ₹10 crores this fiscal.
The brand stated that it is witnessing a rise in demand for electric cycles in small towns, especially after the easing of pandemic restrictions.
Prashanta, the founder and director of Voltro Motors said that the business initially suffered due to the lockdown but is now steadily picking up. He further stated that looking at the demand for Voltro electric cycles, it is going to be a vehicle of social change and we are looking for appointing dealers and distributors in small towns.
The cycle comes with a range of 75 km to 100 km on a full charge and has a top of 25 kmph. The cycle comes equipped with a lithium phosphate battery, a mid-drive motor and can accommodate a pillion rider. The brand states that the bike is suitable for hill riding, city riding, and off-road riding and costs Rs 35,000.
The Voltro electric cycle consumes 700 watts of power while being charges, that is then 1 unit, and can be charged in three hours. The company claims that its full charging cost comes to an average of ₹4, making this one of the reasons for its rise in demand in small towns. It stated that if there is a problem in the controller and motor within a one-year warranty period then they replace the entire cycle. It began operating in August 2020 and completed its first financial year with Rs 35 lakh turnover. The brand is also expanding its factory in Delhi to scale up production from 400 units per month to 1,000-1,500 units by the end of the current financial year.
