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Autoline Industries, Kinetic Green sign agreement for e-cycles

Pune (Maharashtra) [India], Nov 28: Auto components manufacturer Autoline Industries and electric vehicle manufacturer Kinetic Green Energy and Power Solutions have signed an agreement for joint development and nationwide marketing of electric bicycles (e-cycles).

Under the pact, Autoline will undertake the development and manufacturing of e-cycle critical assemblies. In association with Kinetic, it has successfully developed the first two models with R&D effort over the last 18 months. “We feel that e-cycles have the potential to make a massive impact on the micro-mobility market as well as to help improve fitness levels of our health-conscious millennials,” said Shivaji Akhade, Promoter and Managing Director of Autoline Industries.

At the same time, Kinetic’s vision is to bring green mobility to millions and bring a wide range of innovative yet affordable EVs to the Indian mass market, said Group Chairman Arun Firodia.

“Both the partners plan to promote the e-cycle range aggressively to promote green mobility to masses across India and in the international markets,” he said.

The e-cycles will be built at Pune plant. They offer a top speed of 25 km per hour and can run 25 to 35 km on a single charge. Vehicles are equipped with advanced fast-charging lithium-ion batteries and a full charge takes three to four hours.

The battery is detachable and weighs 2.45 kg, enabling it to be carried into the home for charging on a simple domestic socket, just like a mobile phone. Autoline has reserved manufacturing capacity to assemble 9,000 to 10,500 e-cycles per year which can be expanded to one lakh e-cycles per year with minimal capex.

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Tina Sehgal

The author is a know-it-all. She reads and writes about current affairs, lifestyle as well as business and finance.

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