After e-Scooter, OLA is Now Preparing to Bring Electric Bike

OLA Electric, the country's largest electric scooter maker, is now mulling to bring a new electric bike soon. The CEO of the company has given this information on social media. In this news, we are telling you that by when the company's new electric bike can come and which electric bikes will challenge it in the market.

It has been informed on social media by Bhavish Aggarwal, co-founder and CEO of OLA Electric, that the company is going to bring electric bikes soon. Along with this, he has also sought people's opinion through votes on social media.

In a voting over Twitter, 4 options were given, which were — Sports, Cruiser, Adventure and Cafe Racer. Out of these, the maximum 47.1% votes have been given to sports bikes. After this, the cruiser bike is second number, which has got 27.7% votes so far. Adventure is at the third position with 15.1% votes and cafe racer bikes at the last position with 10.1% votes.

OLA can launch the new electric bike by Holi in the month of March next year. This information has been given by the company. It has been told by the company that– "Remember, Ola is promising to launch its upcoming motorbike this Holi?"

Looks like Ola is indeed working towards making the most performance driven, practical and durable motorcycle in the Country.

At present, no official information has been given by the company about what kind of design the bike will be based on. The company has kept four options for the design of the new bike, which are sports bike, cruiser bike, adventure motorcycle or cafe racer design.

Pune-based EV Startup Tork Motors Raised Fresh $67K from Ola Founders

Co-founders of Indian cab hailing firm Ola, Bhavish Aggarwal and Ankit Bhati, have together invested fresh US$66,810 (~ ₹45 lakh) in Pune-based electric vehicle (EV) making startup Tork Motorcycles (Tork). Bhavish has invested nearly Rs 30 lakh while Bhati contributed about Rs 15 lakh, in lieu of shares.

This is Tork's second funding from Ola co-founders as earlier in April 2016, the EV had raised angel funding of an undisclosed amount from a host of marquee investors including Ola founders Bhavish Agarwal, Ankit Bhati and a group of angels led by Harpreet Grover, the chief executive and co-founder of CoCubes.

According to Paper.vc, the Ola co-founders invested in Tork in January this year. Tork Motorcycles, has received ₹1.25 Cr from the Ola founders and Kapil Shelke, founder of Tork, stated Paper.vc report. Kapil has put in ₹80 Lakhs and the rest of balance of ₹45 lakh came from Bhavish and Ankit. Current amount included, the Ola founders have invested ₹ 3.2 Cr in the e-bike startup. The startup has raised a total of ₹4.8 Cr to date.

This investment from Ola promoters was closely followed by a deal worth Rs 30 crore with Bharat Forge for a 45% stake in Tork.

Ola founders' investment in Tork is seen as an extension of its ambitious plans of putting a fleet of 10,000 electric vehicles (EVs) over the next 12 months and one million electric vehicles on its platform by 2021 to boost the electric vehicle ecosystem in the country.

Ola had launched a pilot project for electric vehicles in Nagpur, last year, which included electric cabs, electric auto rickshaws, electric buses, rooftop solar installations, charging stations, and battery swapping experiments.

Tork has unveiled India's first all-electric motorcycle - T6X, which has been priced at Rs. 1,24,999, in September 2016.

Last May, Indian government released a report called Transformative Mobility Solutions for India, which carried recommendations of how the Indian subcontinent should electrify all its vehicles by the end of year 2032. Along with suggesting an all-electric fleet on Indian roads by 2032, the report also suggests decreasing the taxes and interest rates for loans on electric vehicles.

Pune-based EV Startup Tork Motors Raised Fresh $67K from Ola Founders

Co-founders of Indian cab hailing firm Ola, Bhavish Aggarwal and Ankit Bhati, have together invested fresh US$66,810 (~ ₹45 lakh) in Pune-based electric vehicle (EV) making startup Tork Motorcycles (Tork). Bhavish has invested nearly Rs 30 lakh while Bhati contributed about Rs 15 lakh, in lieu of shares.

This is Tork's second funding from Ola co-founders as earlier in April 2016, the EV had raised angel funding of an undisclosed amount from a host of marquee investors including Ola founders Bhavish Agarwal, Ankit Bhati and a group of angels led by Harpreet Grover, the chief executive and co-founder of CoCubes.

According to Paper.vc, the Ola co-founders invested in Tork in January this year. Tork Motorcycles, has received ₹1.25 Cr from the Ola founders and Kapil Shelke, founder of Tork, stated Paper.vc report. Kapil has put in ₹80 Lakhs and the rest of balance of ₹45 lakh came from Bhavish and Ankit. Current amount included, the Ola founders have invested ₹ 3.2 Cr in the e-bike startup. The startup has raised a total of ₹4.8 Cr to date.

This investment from Ola promoters was closely followed by a deal worth Rs 30 crore with Bharat Forge for a 45% stake in Tork.

Ola founders' investment in Tork is seen as an extension of its ambitious plans of putting a fleet of 10,000 electric vehicles (EVs) over the next 12 months and one million electric vehicles on its platform by 2021 to boost the electric vehicle ecosystem in the country.

Ola had launched a pilot project for electric vehicles in Nagpur, last year, which included electric cabs, electric auto rickshaws, electric buses, rooftop solar installations, charging stations, and battery swapping experiments.

Tork has unveiled India's first all-electric motorcycle - T6X, which has been priced at Rs. 1,24,999, in September 2016.

Last May, Indian government released a report called Transformative Mobility Solutions for India, which carried recommendations of how the Indian subcontinent should electrify all its vehicles by the end of year 2032. Along with suggesting an all-electric fleet on Indian roads by 2032, the report also suggests decreasing the taxes and interest rates for loans on electric vehicles.

Indian Electric Motorcycle Company Tork Motorcycles Raises Angel Funding

Tork Motorcycles, the company developing India’s first electric motorcycle, has raised angel funding from a host of marquee investors including Ola founders Bhavish Agarwal, Ankit Bhati and a group of angels led by Harpreet Grover, CoCubes Co-Founder & CEO.

Tork Motorcycles is focusing its efforts on creating practical electric mobility solutions for India. The start-up is in the closing stages of the prototyping and certification procedures of India’s first electric motorcycle. Named T6X, the motorcycle is being developed as a serious electric option to petrol-engine motorcycles.

Tork was founded by Kapil Shelke, a mechanical engineer with a passion for racing. Kapil has built 5 motorcycle prototypes at Tork Motors before.

Kapil Shelke, Founder, Tork Motorcycles, says, “We are building India’s first electric motorcycle and are targeting its launch by this year. The motorcycle will solve the rider’s pain points with several value added features like GPS, storage, cloud connectivity and phone charging making it also a first smart motorcycle in India”

Harpreet Grover, Co-founder and CEO, Cocubes said, “Electric vehicles are the future. Drop in battery prices, rising sensitivity around emissions and government’s focus on the sector will fuel demand in India. Kapil and the team at Tork Motors have a fabulous 7 year track record in this segment including podium finish at the Mecca of Electric Racing – Isle of Man. They are using that experience to build a connected motorcycle for the everyday user.”

The company began its foray into electric motorcycles in 2009, when its motorcycle won a place on the podium - the Electric TT race at the Isle of Man, a Mecca for motorcycling enthusiasts. Since then, it has designed, developed and produced five electric motorcycles, applying its learning from motorsport into practical and reliable electric mobility solutions. T6X will be the first electric motorcycle designed for the market. It will have IP over Battery management system, control systems, motor tuning, drive train and overall product integration. The motorcycle will enable significant reduction in overall cost of operation.

The demand for electric two wheelers is expected to be around 1.3 million by 2020-21.

Indian Electric Motorcycle Company Tork Motorcycles Raises Angel Funding

Tork Motorcycles, the company developing India’s first electric motorcycle, has raised angel funding from a host of marquee investors including Ola founders Bhavish Agarwal, Ankit Bhati and a group of angels led by Harpreet Grover, CoCubes Co-Founder & CEO.

Tork Motorcycles is focusing its efforts on creating practical electric mobility solutions for India. The start-up is in the closing stages of the prototyping and certification procedures of India’s first electric motorcycle. Named T6X, the motorcycle is being developed as a serious electric option to petrol-engine motorcycles.

Tork was founded by Kapil Shelke, a mechanical engineer with a passion for racing. Kapil has built 5 motorcycle prototypes at Tork Motors before.

Kapil Shelke, Founder, Tork Motorcycles, says, “We are building India’s first electric motorcycle and are targeting its launch by this year. The motorcycle will solve the rider’s pain points with several value added features like GPS, storage, cloud connectivity and phone charging making it also a first smart motorcycle in India”

Harpreet Grover, Co-founder and CEO, Cocubes said, “Electric vehicles are the future. Drop in battery prices, rising sensitivity around emissions and government’s focus on the sector will fuel demand in India. Kapil and the team at Tork Motors have a fabulous 7 year track record in this segment including podium finish at the Mecca of Electric Racing – Isle of Man. They are using that experience to build a connected motorcycle for the everyday user.”

The company began its foray into electric motorcycles in 2009, when its motorcycle won a place on the podium - the Electric TT race at the Isle of Man, a Mecca for motorcycling enthusiasts. Since then, it has designed, developed and produced five electric motorcycles, applying its learning from motorsport into practical and reliable electric mobility solutions. T6X will be the first electric motorcycle designed for the market. It will have IP over Battery management system, control systems, motor tuning, drive train and overall product integration. The motorcycle will enable significant reduction in overall cost of operation.

The demand for electric two wheelers is expected to be around 1.3 million by 2020-21.