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Zapp’s first electric two-wheeler is launching in the UK next month
Zapp Electric Vehicles wants to twist its London - based electric two - wheeler brand into a spherical EV troupe . And India will be one of its launchpad , TechCrunch has exclusively learned .
The company will set in motion its first ware — an urban galvanic two - wheeler called the i300 — in the U.K. as early as next calendar month , follow by Thailand . The company is now adding India into the mixture , a monumental securities industry that will render a true trial run to its international spherical expansion strategy , Zapp founder and CEO Swin Chatsuwan told TechCrunch in an audience .
The Nasdaq - name company advanced its programme for India after Chatsuwan observe the land ’s potency . The domain ’s most thickly settled country not only witnesses millions of two - wheelwright sale annually , but it ’s also the second - biggest two - bicyclist manufacturer worldwide after China .
“ We reckon India would be stage two for us when we did our research a few years ago , but we made a conclusion in the beginning this year that it ca n’t hold off , ” Chatsuwan pronounce .
Zapp hasnamed Indian electric two - wheeler makerBounce Electric 1as its contract manufacturer to get and sell the i300 topically in the country . After completing the homologation summons , sales are wait to begin in 2025 . The British company aims to have a minimum capacity of 5,000 units per year in India as part of its blanket global goal of 25,000 units by 2026 .
Of the 17 million two - wheelers sold in India last class , Chatsuwan told TechCrunch that 2.8 million were high - speed vehicles and 36 % of those gamey - speed vehicles were heavy - weight cruiser motorcycles from the Chennai - based trade name Royal Enfield . Zapp require to duplicate Royal Enfield ’s achiever with its step - through model , which was unveiled first in 2018 .
“ We ’re not trying to conquer the world . We ’re not trying to take half Royal Enfield ’s mart share and trade 500,000 wheel in India . We ’re not . We would see that our lineament and performance peer is BMW , specially their CE 02 and CE 04 step - through electric scooters , ” the executive differentiate TechCrunch .
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The India launch of Zapp ’s i300 will help the companionship expand its full addressable market ( TAM ) of 60 million units annually by 25 % . By adding India to the map , the TAM of its first phase angle of market debut has reached 30 million annually , the company said .
The early launching in India will help Zapp understand the “ breadth , depth and quality ” of the country ’s supplying concatenation , Chatsuwan state . This may help export vehicles from India to global markets over time .
Unlike electric two - wheel horse by key Indian manufacturers Ola Electric , TVS Motor and Ather Energy that deal between $ 1,000 and $ 1,800 , Zapp ’s i300 will be a pricey option . The two - wheeler will debut in Europe with a nucleotide Mary Leontyne Price of $ 7,590 , exclude taxes .
The India pricing is yet to be decide , though Chatsuwan said it would n’t be “ more than a million Nepalese rupee , but I doubt it will be lower than 500,000 rupees . ”
The i300 is hitting the streets soon
Zapp unveil the i300 as its first two - wheeler in 2018 . The vehiclecomes withan aerospace - grade admixture load - take over exoskeleton and a chrome - moly steel underbone plan . It also carries an aura - chill electric motor with a peak powerfulness of 14kW and pack two portable battery , each with 720Wh capacity .
The companionship started take pre - order for the i300 soon after its unveiling , charging a arriere pensee fee of 100 euro . Itpromised to begin deliveriesin the 4th quarter of 2019 . However , the COVID-19 pandemic halted product and deliveries .
nevertheless , Zapp is jell to start out deliver the i300 in the U.K.in the next few weeks . It also plans to begin selling in Thailand this year through a adeptness in Bangkok .
Zapp set to become “complete motorcycle company”
“ We ’re not a one - strike wonder . We require to show the man that we ’re a complete motorcycle company , but let ’s begin with executing the first product first , ” Chatsuwan say TechCrunch when asked whether Zapp looks to expand its intersection batting order .
The company also be after to pile up the i300 with “ piles of ” personalization option and accessories . It already offers the two - bicycler in four distinct version and lease consumer customise its color and wheel designing based on their preference and add accessories , admit a secret storage and fast charger .
Zapp plans to enlarge its securities industry by figure Spain , Italy , Vietnam and Indonesia in form two and extend to countries in the Middle East and South America over fourth dimension .
“ We need to be the 21st - C edition of Triumph and Royal Enfield and Norton , ” Chatsuwan said .
