AlphaVector launches e-bicycle flagship Meraki priced at Rs 29,999

AlphaVector launches e-bicycle flagship Meraki priced at Rs 29,999

The bike has a 250 watt brushless DC engine with a maximum velocity of 25 kmph and is equipped with 6.36AH lithium-particle battery

across over 350 cities in the country, Meraki will be available through the company's retail network of 700 stores as well as via the online company website

City-based startup AlphaVector with respect to Thursday entered the quickly developing e-bike section and dispatched its flagship model Meraki evaluated at Rs 29,999.

The bike has a 250 watt brushless DC engine with a maximum velocity of 25 kmp and is outfitted with a 6.36AH lithium-particle battery that can be charged totally in 2.5 hours, which offers up to 35 km at full charge, the company said.

AlphaVector has just gotten more than 100 pre-booking registrations from urban areas like Mumbai, Bangalore, Delhi, Chennai, Pune, Ahmedabad for its new offering, it said.

"We are excited to report the launch of our flagship e-bike in India. With the launch of this e-bike, we are accelerating the additional mile for every one of our riders.

"We also aim to contribute to the adoption of e-bicycles in India in line with the government's initiative of introducing smart mobility and ultimately build smarter and sustainable cities for citizens," said Vishal Chopra, co-founder, Alpha Vector.

Designed and developed in-house, Meraki will be available across over 350 cities in the country through the company's retail network of 700 stores as well as online via the company website.

With this launch, AlphaVector sets foot into the global e-bicycle market, which is expected to grow cross USD 38.6 billion in 2025, the company said adding it looks to tap into the rapidly growing Indian electric 2-wheeler segment amid this growth.

Founded in 2015, the bicycle maker which has investment from Fireside Ventures, Avaana Capital and Titan Capital, currently has presence in over 350 cities and over 700 stores/dealers pan-India.

Stating that the pandemic induced inclination towards cycling as a lifestyle necessity has further acted as a catalyst for the segment, the company said it has witnessed a 2.5x growth in its Monthly Revenue Rate (MRR) in the last period between March - September this year and a 15 per cent demand-fill rate.

AlphaVector plans to meet its target of 300cr ARR (annual revenue rate) next year by ramping up supplies over the next few months, the company added.

Meraki comes equipped with e-brakes with automatic brake cut off while the key-lock switch feature helps avoid tampering and mischief as the bike cannot be turned on without a key.

It comes with four driving modes - pedal assist, throttle (which makes the e-bicycle work without pedalling like a scooter), cruise and pedal.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Mr Vishal Chopra, Co-Founder, AlphaVector, said, "We are excited to announce the launch of our flagship e-bicycle in India, which we believe is going through a Cycling Revolution. While the pandemic has piqued consumer interest in bicycles, innovation and customer-centricity will be the game-changers in this industry. With the launch of this e-bicycle, we are pedalling the extra mile for each of our riders in an effort to make their every ride better than the last. We also aim to contribute to the adoption of e-bicycles in India in line with the Government’s initiative of introducing smart mobility and ultimately build smarter and sustainable cities for citizens."

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