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Investing in EMotorad, MS Dhoni enters the electric vehicle market

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Mahendra Singh Dhoni, a former Indian captain and cricket great, has formed a major relationship with Pune-based electric vehicle startup EMotorad. His strategic involvement will include a new position as EMotorad’s brand endorser in addition to equity participation in the company. Dhoni expressed his excitement about the partnership by saying, “The future is in our hands.” These days, innovation is a major factor in creating sustainable solutions, and I support modern businesses that provide them. Being a part of this adventure is a great pleasure for me, as the company is leading the way in transforming future mobility.

Aditya Oza, Sumedh Battewar, Kunal Gupta, and Rajib Gangopadhyay founded EMotorad in 2020 with the goal of revolutionising personal mobility solutions. It seeks to reduce the worldwide e-cycle market share and bridge the transportation gap. They are growing internationally, making investments in state-of-the-art technology, cultivating strategic alliances, and providing outstanding quality and value to customers all over the world.

About EMotorad

In addition to its online presence, EMotorad has more than 10 EM experience centres and a network of more than 350 dealers throughout India. Despite having its roots and headquarters firmly planted in India, its operations span eight nations, demonstrating its dedication to accessibility and worldwide growth. In addition to its high-end lineup, EMotorad debuted a reasonably cost e-cycle model in 2023, retailing for about INR 25,000. Beyond only Tier I and II cities, it aims to reach more cities.

Co-founder and CEO of EMotorad Kunal Gupta stated: “Being MS Dhoni demands a great deal of level-headedness and humility. He is unquestionably India’s national hero, embodying collaboration, leadership, flexibility, and the capacity to remain composed under duress whether on or off the ball. The company completed a Series B investment round led by Panthera Growth Partners in November 2023, raising Rs 164 crore. This money was utilised to improve its R&D centre, broaden its global reach, and strengthen its production capabilities.

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