4th December 2024
Lectrix EV, the e-mobility arm of the SAR Group, has made bold moves to solidify its position in India’s growing EV market. With the launch of its NDuro electric scooter and plans to raise $100 million (₹800 crore), the company is setting its sights on expanding its dealership network and swapping infrastructure across the country.
NDuro Electric Scooter Launch Highlights
- Pricing: Starting at ₹59,999, with an early bird price of ₹57,999.
- Performance:
- Top speed: 65 km/h.
- Acceleration: 0-40 km/h in 5.1 seconds.
- Gradeability: Handles 16° slopes with ease.
- Battery Options:
- 2.3 kWh (range: 90 km, IDC).
- 3.0 kWh (range: 117 km, IDC).
- Smart Features: Live location tracking, emergency SOS, ride analytics, theft alerts, and Hill Hold.
- Battery-as-a-Service (BaaS): Enables battery leasing, cutting upfront costs by nearly 40%, with swap stations to eliminate range anxiety.
Future Growth Plans
According to Rakesh Malhotra, founder of Lectrix EV, the company plans to raise $100 million from external sources within the next 12 months.
Planned Investments:
- Expanding the dealership network from 200 to more locations.
- Establishing battery swapping and charging infrastructure in 100 cities. Currently, infrastructure is operational in three cities, with plans to reach seven by March 2025.
- Scaling production and increasing its fleet of 15,000 scooters and 30,000 three-wheelers already on the road.
Malhotra’s Vision:
“We are focused on redefining urban mobility with innovation and sustainability. NDuro is a reflection of this vision, and the upcoming capital will help scale our operations to meet growing consumer demand,” said Malhotra.
