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The KM3000 and KM4000 Mark-II models by Kabira Mobility are priced at 1,74,000 and 1,76,000 respectively (Ex-Showroom Goa), setting a new benchmark in the electric motorbike segment with their advanced features and competitive pricing.
Investment in the Indian electric vehicle (EV) ecosystem is on the rise, with deals worth $1.2bn announced between January and August 2023, set to surpass the total funding announced in 2022, according to Tracxn. The sector has seen a 60% growth in funding in Q3 2023 compared to Q3 2022, and experts predict the emergence of unicorns and consolidation in the EV space. Investment is increasingly focused on credible companies with strong technology and a clear path to profitability, and there is growing interest in EV components, EV mobility services, and the entire EV ecosystem.
In the performance bike market, Ultraviolette competes with quarter-litre or half-litre categories and players like Kawasaki, KTM
One Electric has started production of its electric motorcycles in Kenya as part of its larger overseas expansion plan.
EV startup Oben Electric has raised INR 40 Cr in an extended Pre-Series A round, bringing its total Pre-Series A fundraise to INR 72 Cr.