This brand of electric motorcycles sold in just 2 hours, grossing $ 7 million
Sales of electric motorcycles have gained traction around the world, but Revolt’s RV400 could take the cake for the fastest sale.
Indian electric motorcycle company Revolt Motors has benefited from the country’s FAME II grants that incentivize the purchase of electric vehicles.
Few places in the world see more two-wheeled traffic than India, and thus encouraging the large population to switch to electric motorcycles has been a main goal of the government.
The FAME II grant put the price of the Revolt RV400 at nearly RS 90,000, the equivalent of about US $ 1,200.
The electric motorcycle was first launched at the end of 2019 and has seen roller coaster production. Now the company is struggling to keep it in stock, as evidenced by the sale of the bike in just two hours after orders reopened. Revolt Motors claims to have sold RV400s for almost US $ 7 million in those two hours.
For the reasonable price of the motorcycle, bikers get an 85 km / h (53 mph) electric motorcycle with a 3kW continuous mid-drive motor. The bike is equipped with a removable 72V and 45Ah battery offering a capacity of 3.24 kWh.
That’s enough battery to provide the RV400 with a range of 150 km (93 miles) in ECO mode, or up to 80 km (50 miles) in SPORT mode.
Large 17 inch wheels are especially suited to the variety of road surfaces in India and tackle unpredictable terrain better than small scooter wheels.
The 150cc class electric motorcycle is rather light at only 108 kg (238 lb), but offers seating for two and has proven to be an efficient alternative to gasoline two-wheelers in India.
India has emerged as a leader in the field of light electric motorcycles, and many in the industry are contemplating the day when Indian companies will expand to offer exports to other countries.
Some Indian electric two-wheeler companies are already considering key overseas markets. Ola Electric is building an electric scooter factory designed to produce 2 million electric scooters per year with an eventual production of 10 million scooters per year. The company is already planning to export a significant number of these two-wheelers to international distributors, which would make it one of the first Indian companies to sell electric two-wheelers internationally.
Other international companies are looking to obtain in the Indian market. Taiwanese operator of electric scooters and exchangeable batteries Gogoro recently struck a deal with India’s Hero, the world’s largest motorcycle maker. The deal will see Gogoro’s exchangeable battery network used in the country for electric two-wheelers designed to operate under Gogoro’s exchangeable battery standard.
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