The startup intends to introduce liquid-cooled battery packs in its electric motorcycles, which have been used only in premium motorcycles in India. It posted revenue of ₹14 billion last fiscal.
Jaipur-based electric two-wheeler startup Hop Electric (Hop) will launch a 100cc to 125cc equivalent electric motorcycle in India during the last quarter of fiscal year 2025 (FY 25). With the launch, it aims to take on the market dominated by Hero Splendor, Honda Shine, Bajaj CT110, TVS Star, and more such motorcycles.
Rahil Gupta, CTO & Co-founder, Hop, in an exclusive conversation with the Electronics For You team, shared that the upcoming motorcycle will be targeted towards Bharat (Beyond Tier 1 and Metro cities) and will feature a non-rare earth magnetic motor. The 100cc segment dominates the two-wheeler market in India. Unlike the equivalent scooter segment, where most EV players have introduced scooters competing against the most popular ICE counterparts, nothing substantial has been launched in the electric motorcycle domain.
“We have worked upon a rare earth magnet-free motor for several of our upcoming electric motorcycles and are also working on a new platform named Nimbus,” he says.
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It would be more informative if the technical specifications of the rare earth free magnet based motor.
It would be helpful if ₹ figures are written in Indian terminology. E.g., ₹1400 crores in place of ₹14 billion.
Also same currency be used throughout the article with additional currency in brackets. E.g.,