iVoomi Energy, an electric vehicle manufacturer is expanding its product line after seeing significant success in the West and South India with its e-scooter models, the City and Eco. By creating a robust dealer network across India, the company is prepared to expand its wings pan India.
The company was established in 2001 under the leadership of Sunil Bansal and Ashwin Bhandari. Prior to iVoomi, Sunil Bansal successfully laid the growth for Intex and has built and implemented business models in the shortest time.
The company plans to extend its current retail footprint with a close-knit network of roughly 50 dealers in West and South India to over 150 across India by April 2022. The company has chosen to keep its production capabilities local, with the capability to deliver more than 500 electric scooters a day from its manufacturing facilities in Noida, Pune, and Ahmednagar.
iVoomi also manufactures electric vehicle batteries in India, which are one of the most expensive components of an electric vehicle. The strategy has resulted in a significant reduction in the end product's pricing.
Over 5000 customers riding these electric scooters have so far driven 5 million green kilometres while deploying over 8 megawatts of power from its batteries. The iVoomi e-scooters City and Eco are available in the price range of Rs. 60,000 and Rs. 80,000 respectively and can run up to 100km on a single charge. These e-scooters are equipped with the ‘Find My Vehicle’ feature which helps the customers to track the location of the e-scooter.
"Thanks to the state government's optimistic and robust stance on EV adoption, Maharashtra has quickly become a hub for EV deployment, with substantial demand coming in from Tier 2 and Tier 3 cities. With our indigenously designed and manufactured electric scooters, iVoomi continues to play a critical role in the mass adoption of EVs in the state. We understand that the market dynamics and customer needs are constantly evolving, and are thus eager to introduce new offerings to our vast customer base.” Sunil Bansal, Managing Director & Co-founder, iVOOMi Energy.
He added that the company’s vision is beyond EVs as it strives to capture 5%market share by 2025.
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