Electric vehicles are becoming increasingly popular across the world. As technology advances and becomes increasingly affordable, great strides are being made in the EV sector. The rapidly increasing prices of fuel, increasingly high vehicle prices, growing awareness about the need to preserve fossil fuels as well as pollution reduction are acting as driving forces, propelling the growth of the sector.
While until not too long ago, there were only a few players in this segment, the accessibility of technology has enabled more vehicle manufacturers, including some leading mainstream vehicular giants, to step up their game with the EV segment. However, EV cars are not the only vehicles becoming popular. Within the EV segment, cars and bikes are being produced by the majority of manufacturers. Bringing a new revolution within the segment is Toroid.
Established just 4 years ago Toroid has brought a rather innovative product to the masses. The Toroid EV cycles are a step ahead in the EV segment. EV cycles are still quite a new
innovation, with not many players producing this product. Toroid took the idea of an EV and introduced it to cycles, making them a much more efficient source of commute.
Product Range
Addressing major customer pain points around the increasing fuel prices as well as the increasing two-wheeler prices, Toroid was constructed in a way that provides all the benefits of an electric vehicle at a competitive cost to the end consumer. Toroid focuses heavily on the quality of their products. Employing significant R&D initiatives along with a strong network of professionals dedicated to creating a premium product, the complete manufacturing process is closely followed and monitored by Toroid. “The Toroid Rudra V 2.0, which is a flagship product of the firm is an example of the premium quality of products manufactured by Toroid. We ensure that we use the best electronic and mechanical components in our products that perfectly work together to produce a superior product”, says Darsh Bheda, CMO.
Initially developing Electric cycles to be used primarily for attaining fitness goals, Toroid effectively revamped its product upon consumer feedback. Gaining valuable insight from consumers keen on utilizing this product for commuting, the team quickly took up R&D initiative to launch a product that was packed with features that the clients actually wanted, leading to the creation of Rudra 2.0. What sets Toroid apart is their quality of services, unique customer centric approach, and brilliant after-sales services. Additionally, the firm also prides itself for having localized its manufacturing upto 80 percent.
An innovative feature included by Toroid is a display screen which also displays an error code if the cycle malfunctions. “Every possible malfunction has been designated a code, and within Mumbai and Pune so far, Toroid also offers home services, wherein a technician visits the client site to repair the cycle within 48-72 hours”, further adds Darsh Bheda.
Future Roadmap
Since its inception, Toroid has established its presence across Mumbai, Pune, Bangalore, and Hyderabad. The company has set clear goals for itself for the near future, starting with the aim to introduce two new products by the end of the current financial year in addition to expanding its foothold across 10 new cities. The company is also looking to actively form franchise and distribution collaborations for the product sales across these cities. By the end of the next financial year, the firm aspires to have created a foothold across 50 cities within India, while also increasing the percentage of localized production of components.
.jpg "Overcoming the Hurdles of Scaling a Startup")
We use cookies to ensure you get the best experience on our website. Read more...
