e-mobility startup VAAN Electric Moto Pvt Ltd has launched its electric bicycle-Urbansport in the country.
The e-bike is available in two variants- Urbansport and Urbansport Pro, priced at Rs 59,999 and Rs 69,999, respectively.
VAAN takes a full charge would require just half a unit of electricity, costing around Rs 4-5.
Leader of the Opposition in Kerala Assembly V D Satheesan and the Chairman and Managing Director of OilMax Energy Pvt. Ltd, Kapil Garg jointly
launched the VAAN e-bikes in the Indian market.
"VAAN has tied with them for engineering and supply chain and has worked closely with the Benelli team for the development of the Urbansport duo," the group said.
"The electric pedal assist system consists of a 250W hub mounted electric motor, a 48 Volt, 7.5 Ah removable Lithium-ion battery, and a total of 5 electric 'gear levels," it said.
"The Urbansport is the most practical of the two and gets 20 inch spoke wheels, a carrier that can carry up to 15 kilograms and an exposed electric motor. Urbansport Pro is a more stylish and premium e-bike that offers alloy wheels and an electric motor that is neatly integrated into the rear hub,".
The company's plant at Ernakulam has a capacity to assemble 2,000 cycles a month, and are initially targeting sales of 8,000 to 10,000 cycles a year.
"We targeted a young crowd earlier but are now looking at even those in the age group of 40-55 years who need not be cycling enthusiasts, considering the advantages of our product that comes with three modes," Jithu Sukumaran Nair, Chief Executive Officer and founder of VAAN Electric Mobility said.
