Kabira Mobility, an electric two-wheeler manufacturer, has announced a $50 million (Rs 412.7 crore) investment from the Al-Abdulla Group (Qatar), a strategic investor. The investment will be used to help the brand expand its operations in India, according to the company.
The manufacturer has revealed that they are developing a new motorcycle that will serve as their flagship in the future. It will be known as the KM5000, and it will be an electric cruiser. The motorcycle will have a claimed range of 330 kilometres. It will be powered by an 8.1 kWh battery pack. The battery pack would be capable of charging up to 80% in 2 hours.
The Kabira Mobility KM5000 EV has a removable backseat
As a result, mounting luggage should be simpler. The electric motorcycle will include an onboard charger for charging the battery. In addition, the Pro variants of the KM3000 and KM4000 will be released, with a mid-drive powertrain and updated specs.
Commenting on the investment Jaibir Siwach, CEO of Kabira Mobility, said, “Electric bikes are set to be the catalyst for growth in the industry and with this investment, Kabira Mobility is poised to lead the charge. Our relentless focus on R&D for the past five years on powertrain & technology development has paved the way for Kabira Mobility and will enable us to capture almost 30% of the electric bike segment and emerge as an industry leader in the next 2 years.”
According to Kabira Mobility, a portion of the investment will be used to ramp up production at its existing Dharwad plant, while plans are already in place to establish a new state-of-the-art production unit in Uttar Pradesh. The company also plans to grow its existing sales network from 30 to 100 by the end of the year, as well as improve the showroom experience for prospective customers.
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