Autotech, a leading electric vehicle
(EV) manufacturer has announced a range of milestones achieved over the last
financial year, as well as the roadmap for the ongoing financial year. The
company clocked annual revenue of Rs 155 crore in FY 2021 and aims to increase
it by 300% in FY 22 to Rs 465 crore.
will be done on the back of a strong product innovation ecosystem, geographical
expansion, and the rising adoption of e-mobility in the country.
FY 21, the company sold 30,930 units, targets three folds increase in the number this fiscal year. During this
period, Okinawa Praise pro was the most selling electric scooter by the
company. Staying true to its commitment for continuous innovation, Okinawa also
launched the Okinawa Dual - India’s first customizable B2B electric two-wheeler
to propel ‘services on wheels’ last year. The company currently has a strong
dealership network across Delhi, Bangalore, Noida, Jharkhand, and Assam. It
also has been constantly expanding its footprint to the other Indian states, in
order to serve many more Indians who are looking to contribute to a greener
future on this planet.
order to make e-mobility more accessible and affordable for end consumers,
Okinawa has also forged strategic partnerships with financial institutions and
e-commerce companies such as Edelweiss, Credr, Zest money, welectric, and Beep
cart. Many of Okinawa’s products are also being deployed as last-mile delivery
vehicles by B2B logistics companies. The company has also iterated its
commitment to invest Rs 150 crore during the financial year to grow its product
portfolio and on-ground footprint.
up the performance of FY 21 and the roadmap for FY 22, Jeetender Sharma, MD
& Founder of Okinawa said, The last
year has been tough for the entire automobile industry. It was indeed a setback
for us at Okinawa, as for any other company. Having said that, we are glad to
share that we managed stable growth and continued to make a mark in India's
electric vehicle revolution, even in such difficult times. Okinawa is planning to
sell three times the scooters that we sold in 2020. As the ecosystem
strengthens further, we are absolutely bullish about our growth prospects in FY