Emflux Motors to debut made-in-India electric sports bike – 2018 Auto Expo
Funds are being raised for a new electric sports bike which could hit markets in October 2018.
Emflux Motors Pvt. Ltd. is set to showcase India’s first electric sports bike at Delhi Auto Expo 2018. Before the actual bike is revealed, the team at Emflux has shared a few exclusive teasers of the bike with Rushlane.
Bangalore based Emflux Motors is headed by Varun Mittal, CEO and co-founder, and Ankit Khatry, graduate of Indus Business Academy. The duo have recently managed to raise funds via independent investors, most of which who are from IITs and IIMs.
Investors include – IIT Delhi alumnus and cryptocurrency expert Meher Roy, investment bankers Nikhil Arora (IIT Kharagpur), Meet Kanodia (IIT Delhi) and Krit Sankalp (IIT Kharagpur), Nitish Singh (IIT Delhi), CFO of on-demand urban transport aggregator Jugnoo, and serial entrepreneur Risabh Gupta (IIM Lucknow).
Funds raised will go a long way in the development of this new electric sports bike which promises a drive range of 200 km, acceleration from 0 to 100 kmph in 3.5 seconds and a top speed of 170 kmph. It will be powered by a lithium ion battery pack which could be charged in under 36 minutes offering charge of 80% from a DC fast charger. The bike has been designed by Vinay Raj Somashekar, Chief Designer, Emflux.
Emflux Motors is also developing motor, motor controller, battery management system and charger circuit along with electric supply kit and chassis swingarm and transmission in-house. The bike which could go on sale by the end of 2018 will have a price tag of INR 5 lakhs and will be limited to just 199 units. Emflux Motors is also planning a lower priced electric bike at INR 3 lakhs which could have a range of 150 kms along with an INR 3.5 lakh electric bike with a 220 km range.
Besides charging facilities at the owner’s premises, Emflux Motors also promises to set up various charging points at locations across the country.
Just like Emflux, there are at least two more such companies which are run by young teams, backed by investors. These are Torque Motors and Ather Energy. Both companies showcased their products (electric bike T6X and electric scooter S340 respectively), but none of them have managed to launch their product commercially.