Mumbai: An electric vehicle company backed by cricketer Mahendra Singh Dhoni, namely EMotorad, is building the world’s biggest integrated electric cycle gigafactory. The firm is set to follow Ola as it expands its existing manufacturing unit in Pune. With this expansion, India will be home to two of the world’s largest gigafactories: one for Ola Electric two-wheelers and the other for EMotorad e-cycles.
Spread across 240,000 square feet in phase one, EMotorad’s gigafactory will manufacture all giga components, including the battery, motor, display, and charger, which are critical to electric vehicle (EV) production. With an initial production capacity of over 500,000 e-cycles annually, the gigafactory aims to meet the rising demand for alternative modes of transportation.
The e-cycle gigafactory is being constructed in four phases. When phase one is completed, it will become South Asia’s largest integrated e-cycle gigafactory and the biggest outside of China. Phase one, starting in August, focuses on giga component production, with subsequent phases expanding in-house manufacturing capabilities.
“While building this business of electric bicycles, we realised that the market is huge globally. In 2022, it was worth $40 billion and has been constantly growing,” said Kunal Gupta, co-founder and chief executive officer (CEO) of EMotorad.
