The Jaipur-based electric vehicle start-up has moved into the premises of a large factory to meet the growing demand for electric vehicles growing across India.
see photosBattRE increases production capacity to 4,000 units per month
Battery, an electric vehicle start-up based out of Jaipur, has moved to a bigger factory with more production capacity, even as the demand for EVs across India has increased significantly. According to BattRE, with this new expansion step, the company plans to increase its manufacturing capacity to 4,000 units per month, which is a massive 300 percent increase in production. The electric two-wheeler segment is in the midst of a boom, and as per most estimates, the next few years will see significant growth for this segment in metros as well as in Tier II and Tier III cities.
Read also: BattRE aims to expand to over 250 dealers by the end of next financial year
BattRE has moved to a new manufacturing facility where its production capacity will be increased to 4,000 units per month
Nischal Choudhary, Founder, Battray, said on the occasion, “This factory expansion will cater to the growing demand for e-scooters, which we anticipate to grow manifold in the next few quarters. Further, with an ARR of ₹120 crore, We plan to invest more in our production and R&D capabilities, add world-class products, strengthen our retail and partner network and work further to build an EV ecosystem in India.”
Read also: BattRE introduces its most affordable electric scooter
According to BattRE, the company is one of the fastest growing companies in the EV segment, and now has over 250 dealerships across 180 cities in India.
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According to the company, last year, BattRE’s revenue grew by 255 percent and is currently up more than 900 percent over the previous year. To fuel this growth, the company is adding two new products to its portfolio with plans to launch them in the next 3-4 months. The start-up is also working towards building the EV ecosystem in India, which already has over 500 recharge stations installed across the country. Additionally, the company has trained existing petrol two wheeler repair shops to service electric vehicles. Better Electric Mobility is headquartered in Jaipur, and was established in 2017. The company owns e-cycles and e-scooters, and is one of the fastest growing EV players, having crossed over 250 dealerships across 17 states and 180 cities. one year.
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