Raptee.HV to begin EV motorcycle production and supply in November

Raptee.HV will start commercial production of its high-voltage T30 motorcycle by November with 8,000 advance orders, securing TDB funding to boost India's EV two-wheeler market

Chennai-based startup Raptee.HV will start commercial production and supply of its high voltage electric vehicle (EV) motorcycle, T30, from November this year. The firm said that the EV bike has already received advance orders for around 8,000 units.

 

Raptee.HV is the first EV motorcycle original equipment maker (OEM) in the country to receive financial support from Technology Development Board (TDB), Department of Science & Technology, Government of India -- which had earlier supported Bharat Biotech’s Covaxin.

 

The firm is implementing electric car’s high-voltage (HV) technology in two-wheelers.

 

“We are going to start putting bikes on the road for end customers and our production will start from November. We will scale up slowly towards 300 bikes a month,” said Dinesh Arjun, chief executive officer and co-founder, Raptee.HV.

 

 

“Our production capacity is around 1,500 units a month. This facility can be increased to 9,000 units a month or 100,000 units a year in volume. We got another 40 acres of land, which will help us scale this up even further. We have already got around 8,000 units so far, without any marketing spend,” Arjun added.

 

In 2021, Raptee.HV was also the only OEM to be awarded a non-dilutive grant of ₹3.25 crore from ARAI-AMTIF.

 

“High voltage motorcycles are our USP. In India, for motorcycles to become popular you need high voltage. This February we got certification for the motorcycle. By the end of October, we plan our media launch. Post that, we will start mass volume,” Arjun said.

 

The fresh funding will enable Raptee.HV to further advance its proprietary high-voltage technology and accelerate its efforts to capitalize on the $ 1 billion performance electric motorcycle category.

 

Unlike many EV players who build on existing platforms, Raptee.HV has spent over six years developing its technology ground-up, creating India’s only electric motorcycles powered by proven high-voltage car technology.

 

Since motorcycles account for nearly two-thirds of India’s two-wheeler market, their electrification is critical to achieving India’s 2030 target of 30 per cent EV penetration in two wheelers. The company is also lining up massive retail expansion plans too.

 

“By the third year, we want to be in 60 cities and fourth year in 100 cities, mostly Tier I and Tier II,” he said.

 

Raptee has raised $5 million in pre-Series A funding and is in the process of closing a $20 million Series A round through a strategic mix of debt and equity.