India’s leading electric mobility brand, EMotorad, has achieved a significant milestone by surpassing its total domestic sales for FY24 within the first half of FY25. The company, co-founded by Kunal Gupta, Aditya Oza, Sumedh Battewar, and Rajib Gangopadhyay, is now on track to achieve over 200% year-on-year growth in the domestic market.

Record Sales and Expansion

September 2024 marked a standout performance, with EMotorad recording its highest-ever monthly revenue, surpassing the total domestic sales achieved in FY23. This success is attributed to the company’s strategic expansion, including the launch of 12 exclusive experience stores across India. These stores offer customers a hands-on experience with the latest electric bike technology, enhancing customer engagement and driving sales.

In addition to the experience stores, EMotorad has partnered with over 550 dealers nationwide, strengthening its offline presence and ensuring better accessibility for its growing customer base.

Leadership Insights

Kunal Gupta, Co-founder of EMotorad, expressed pride in the company’s achievements, stating, “Surpassing our entire FY24 domestic sales in just six months reflects the growing acceptance of electric cycles in India. Our September performance underscores the success of our customer-centric approach and product-market fit.”

Future Outlook

With the current growth trajectory, EMotorad is confident in maintaining its momentum and achieving 200%+ YoY growth by the end of FY25. This growth aligns with the increasing consumer demand for sustainable mobility solutions in India. The company also plans to further expand its dealer network and experience stores to reach more customers across the country.

Conclusion

EMotorad’s success in H1FY25 highlights the rapid adoption of e-bikes in India and the brand’s ability to cater to evolving market demands. With its focus on innovation and customer experience, EMotorad is poised to lead the charge in India’s transition toward sustainable mobility.

Source: BW Disrupt