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Live signals: ZENO RAISED USD 25m Series-A (Mar 26); SPIRO RAISED USD 270m (June/July 26); ARC RIDE RAISED USD 23m Series A Equity + USD 10.3m Debt (Sep26); OLA PLANS INR 1.5bn QIP; YULU USD 93m (Aug 26); E3ELECTRIC.AI RAISED USD 10.4m (Jul 26); RIVER RAISED USD120m (Aug 26); SIMPLE ENERGY RAISED USD 180m Series C Equity (Oct 26); DODAI RAISED USD 13m Series A (May 26); MATTER RAISED USD 25m (Aug 26); BGAUSS RAISED INR 1100m (Aug 26); ROAM TARGETS USD 15-20m; DAT BIKE RAISED USD 22m (Oct 25); OMOWAY Undisclosed (10s of millions of USD)(Jan 26); ULTRAVIOLETTE RAISED USD 85m Series E (Sep 26); SPIRO ADDITIONAL USD 18m Debt (Sep 26); GOGORO RAISED USD 61.8 million (Oct 2026); VENNA RAISED UNDISCLOSED Seed from BMW Motorrad(Oct 2026)

NUMBERS
GOGORO Q3 FY 26 REV
70.6m
▼ 9.0% YoY
Ather · Q2 FY 27 rev
₹14,642m
▲ 63% YoY
VMOTO · Q2 FY 26 SALES
6,020 units
▲ 156% YoY
OLA -Q2 FY 27 REV
₹4,210m
▼ 39% YoY
NIU - Q2 FY 26 REV
RMB 1440.4m
▲ 14.7% YoY
INDIA - OCT 26 SALES
224k units
▲ 54% YoY
YADEA - CY 25 SALES
4.82m units
▲ 22.6% YoY

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    Financials

    Gogoro Q3 2026: Improving Margins on a Shrinking Business

    Analysis

    Rivian’s ALSO Exits Kenyan Electric Motorcycle Pilot

    Interviews

    BMW Motorrad Backs Venna

    Financials

    India: October Sales Hit a New High: Penetration Slumps

    Analysis

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    Analysis

    Rivian’s ALSO Exits Kenyan Electric Motorcycle Pilot

    Rivian's micromobility spin-off, ALSO, has quietly pulled out of an electric motorcycle pilot in Kenya. ALSO never formally entered, so it is difficult to evaluate what the absence would mean for electric mobility in Africa. I remain skeptical that, outside of Spiro and, to some extent, SUN Mobility, there are no other players with the financial resources to set up battery-swapping networks at scale.

    Read analysis →

    Analysis

    27 Oct 2026

    How Far Can Ather do an Apple?

    Ather reported its maiden net profit with the Q2 FY27 results. Revenues have grown at a healthy pace and EBITDA margins are steadily improving.

    Analysis

    18 Sep 2026

    The Ather Konarc is Clever

    Ather has released the Konarc, an all-new scooter that is better than every Ather in their showroom.

    Analysis

    3 Sep 2026

    Brazil’s Inefficiencies Create a Promising Market

    Brazil sold 2.2 million motorcycles in 2025 but fewer than nine thousand electric ones. The gap is not explained by fuel prices, grid carbon intensity, or consumer preferences. What then still makes it a promising market for electrification?

    News Impact

    See All

    Rivian’s ALSO Exits Kenyan Electric Motorcycle Pilot

    Rivian's micromobility spin-off, ALSO, has quietly pulled out of an electric motorcycle pilot in Kenya. ALSO never formally entered, so it is difficult to evaluate what the absence would mean for electric mobility in Africa. I remain skeptical that, outside of Spiro and, to some extent, SUN Mobility, there are no other players with the financial resources to set up battery-swapping networks at scale.

    BMW Motorrad Backs Venna

    Venna (Flux Performance) has closed a seed round led by Allegis Capital, with BMW Motorrad and NVision Ventures participating. BMW follows Yamaha, RE, and LiveWIre, in investing in a e-motocrosser specialist.

    LiveWire’s Final Short Circuit?

    LiveWire's CEO is gone, and a restructuring committee has been formed under a chief restructuring officer. These are strong signals that Harley-Davidson no longer wants to bleed through its electric motorcycle arm

    Gogoro’s Latest USD 61.8m Raise is its Most Important Yet

    Gogoro's USD 61.8 million equity round gives the company a cash cushion and fulfils a promise made to lenders and gives the company a cash cushion it has lacked for two years. It does not fix a stagnant Taiwan market, a heavy debt load, or a business that still cannot fund its own future.

    Spiro Aligns Another Hardware Supplier in Yadea

    African battery-swapping giant Spiro has lined up another hardware supplier with Yadea, the world's largest electric two-wheeler manufacturer. In an announcement made three days ago, Spiro said that they will partner with Yadea to deploy more electric motorcycles in Africa and also to develop Africa-specific products.

    Regions

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    Voices

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    Interviews

    BMW Motorrad Backs Venna

    Venna (Flux Performance) has closed a seed round led by Allegis Capital, with BMW Motorrad and NVision Ventures participating. BMW follows Yamaha, RE, and LiveWIre, in investing in a e-motocrosser specialist.

    Interviews

    GR1T and Determination

    Passion would drive electric performance motorcycling as new brands emerge and redefine what motorcycles should be. This week we sit down with the founders of Milan based GR1T motorcycles who are developing the G1S Street and G1X Scrambler motorcycles.

    Interviews

    If you are Not Building it Yourself, Someone Else is Learning at your Expense…

    We interview Swapnil Jain, the CTO & Co-founder of Ather Energy for his takes on what any E2W startup should be building inhouse, and what they should not.

    Interviews

    How do we Provide Dignified Mobility?

    With a tilt function, three wheels, and a narrow profile, the BeiGo is a trike that qualifies as a two-wheeler in India.

    Interviews

    We Identified the Gap in the Market…

    India-based Croc EV is a startup that looks at the significant gap between the capabilities of a two-wheeler and those of a regular three-wheeler. The gap is significant, and with the fast growth of e-commerce, there is scope for a delivery-oriented light vehicle platform targeted at the commercial/delivery segment.

    Interviews

    Financing does not Constrain our Sales…

    Roam is one of the earliest startups in the African e-mobility landscape. What sets them apart is a motorcycle that has been largely custom-developed for the market, and a business model that sells the motorcycle and (first) battery to the rider/operator.

    Companies

    Ather

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    Bajaj

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    Arc Ride

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