Electric scooter manufacturer BGauss Auto has partnered with Go Zap to provide electric scooters for employees of food and vegetable delivery dealers. GoZap is an electric car rental company promoted by GoFuel. According to the Memorandum of Understanding (MoU), in the initial phase of launch, 50 electric scooters will be provided to employees of private companies delivering food and vegetables to consumers.
The aim is to ensure environmental protection along with creating world-class e-scooters, BGauss Auto Pvt Ltd, founding managing director Hemant Kabra told PTI. GoZap’s chief technology officer, Muthuraman, said that after launching the initiative in Tamil Nadu, the company planned to expand the project nationwide.
Earlier this year, BGauss said it plans to invest in about $40 crore to double its electric two-wheeler production capacity to two thousand a year next year. The company plans to offer five to six electric products in its high-speed electric scooter product portfolio after two years. It is also eyeing around 8-10% of the fast-growing electric two-wheeler market in three years’ time.
Currently, the company’s production plant at Chakan in Pune has an annual capacity of 10,000 units and can be scaled up to 20,000 units. With plans to sell about a thousand units in ongoing financing, BGauss Auto is currently preparing to increase capacity to meet future demand.
BGauss also believes that the electric two-wheeler segment will expand exponentially and will “aim to be close to hitting any target between 8% and 10%” of the market over the next three years. The company is also expanding exponentially and will “aim to be close to anything between 8% and 10%” of the market over the next three years.
First published date: December 5, 2022, 13:11 PM IST