The Bengaluru-based crowdfunding platform FuelADream today launched an electric bike eRideLite, with price starting at Rs 23,900 in the capital.
The e-bike, which comes with two variants with range of 50 km and 90 km respectively, would be sold through the online platform.
"We are excited about eRideLite because e-bikes are the future of personal transportation. For such innovations, crowdfunding ensures a win-win for everyone - it cuts go-to- market costs for the innovator, and the consumers get directly from the manufacturer at affordable prices," FuelADream.Com CMO Ram Prasad told reporters here.
R2H Motors CEO and Founder Ajeet Kumar said the product would be manufactured at a facility in Ghaziabad.
"We have managed to keep the costs low and want electric bikes to find acceptance across consumers in both urban and rural India," Kumar added.
The eRL50 variant of the bike comes with a 50 km range at a cost of Rs 23,900. While, the eRL90 sports 90 km range on a single charge and is priced at Rs 35,900.
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