Hop Electric Electric Bike Updates

Sunday, 24 December 2023 01:26 PM HOP Electric is planning to launch an electric motorcycle equivalent to mass market entry-level bikes of conventional engines, targeting a three-fold rise in annual sales in 2024. The new bike, part of the Nimbus platform, will compete with bikes like the Hero Splendor and Bajaj Platina. I think this move will significantly boost their market presence.

Sunday, 24 December 2023 07:31 AM HOP Electric aims to sell around 50,000 to 60,000 electric scooters and motorcycles in 2024, up from 20,000 in the current year. The company is also setting up a new manufacturing facility at Neemrana in Rajasthan, expected to start operations by 2025. This expansion will help meet the growing demand for electric vehicles.

Sunday, 24 December 2023 11:17 PM HOP Electric is looking to raise around $25 million in 2024 to fund production capacity expansion and a new facility. The company has been growing at a 100% rate annually over the last three years and plans to continue this growth trajectory. This funding will be crucial for their expansion plans.

Sunday, 24 December 2023 05:52 PM HOP Electrics new platform Nimbus is designed to develop an electric bike that can be customized for various applications, including B2C retail customers and B2B hyperlocal logistics. This versatility could expand their market reach significantly.

Sunday, 24 December 2023 05:39 PM HOP Electric has been awarded the Production Linked Incentive (PLI) by the Government of India, which will support their manufacturing capabilities at the new EV Park in Neemrana, Rajasthan. This incentive is expected to enhance their production efficiency and capacity.

Tuesday, 24 October 2023 11:10 AM The Hop OXO electric bike has received over 5,000 bookings before its launch, prompting the company to temporarily stop bookings. This high demand indicates strong consumer interest in electric commuting solutions. I believe this is a great sign for the adoption of electric vehicles in India.

Tuesday, 27 June 2023 09:22 PM The Hop OXO electric bike features a 6.2 kW BLDC Hub motor, a 72V Lithium-ion battery, and can reach speeds up to 95 kmph. It also boasts advanced technology including a 5-inch Smart LCD Display and 4G LTE connectivity. This combination makes it a top contender in the electric bike market.

Tuesday, 27 June 2023 04:47 PM The Hop OXO electric bike offers impressive range options: 150 km in Eco mode, 132 km in Power mode, 100 km in Sport mode, and 70 km in Turbo mode. The bike also features a robust design with high-strength aluminium alloy chassis and advanced braking systems. This makes it a reliable choice for urban commuters.

Wednesday, 10 May 2023 11:36 PM HOP Electric has announced an over-the-air update (FOTA Ver 4.90) for its OXO electric bikes, enhancing acceleration in ECO mode, improving connectivity, and providing more accurate battery range predictions. This update reflects the companys commitment to continuous improvement.

Wednesday, 10 May 2023 07:33 PM The Hop OXO electric bike is priced at Rs. 164,000 and is aimed at the commuter bike audience. It features a 3.5 kW BLDC hub electric motor and can attain a top speed of 95 kmph. The bikes design and features make it an attractive option for those looking for sustainable mobility.