We are in good times. After years of promises and numerous vaporware, this is now an era where multiple startups are ready with competent electric street-sports motorcycles. Soon, every dominant two-wheeler geography would have multiple options to choose from.
When electric vehicle start-ups write their business plans, they inadvertently run into two questions. First, what should I make in-house (and what should I outsource)? Second, what level of vertical integration would make one profitable faster and provide an unassailable edge?
We love the Lime Glider; TVS Consolidates Lead in Indian E2W Market; Bajaj now controls KTM; Ola Electric just reported its worst financials yet; Cooltra is on a roll
The India-based Ola Electric, the world's most funded electric two-wheeler manufacturer, announced its Q4 and Full Year FY 2025 financial results yesterday. Every meaningful metric has dipped, the most important being a 61% drop in revenues and a -101% consolidated EBITDA margin.
India-based Bajaj Auto, the world's most profitable two-wheeler manufacturer and KTM's long-term partner, has pitched in with EUR 800m to save KTM. We look at the what, why, and what now of the deal.
Bajaj is now controlling KTM; MV Agusta's aftermath; Ducati updates the V21L; GM has an electric motorcycle patent; Fiat has a cute three-wheeler; Niu results continue to improve; and we spoke to polar-opposite startups in Brazil
Vammo is one the leading names in electric mobility in Brazil. While they started with Vmoto scooters and batteries in a vehicle-lease and battery-swap business model, Vammo sees a more vibrant future and would explore multi-dimensional business models when the time is right
Not all B2B fleets in Brazil are the same. The requirements of a delivery rider are very different from those of a security agency patrol. Mileto believes it does not need to target the entire market, and its play of fixed battery motorcycles with fast charging is the more elegant solution.
Niu announced its Q1 2025 and reported a big bump in revenues, riding on a 57% jump in retail sales. gross profit also improved even though Gross Margins took a modest hit.
We continued our Brazil coverage with a fund that is offering serious money and support to any OEM
That is an audacious target for a market that, if all goes well, may reach 11,000 electric motorcycles in 2025. In the year 2035, the 600k motorcycles would be about 20% of the market. However, YvY Capital believes this is an achievable target and is willing to fund startups on the journey.
We are always sceptical about financials immediately after an IPO. Companies are at their best behaviour, are prudent, and the numbers are unbelievably good. In some cases, they start deteriorating right after. With that skepticism, mixed with some cynicism, we analyse Ather's latest numbers
India-based EV as a service company Alt-Mobility has raised an undisclosed amount from Beyond Capital Ventures.
Is Damon slipping away forever?
As the Taiwanese energy company and scooter manufacturer delivered its Q1 2025 results, key metrics continue deteriorating without any recovery in sight. The biggest worry is that Gogoro is also depleting its cash reserves and eroding its market cap.
The India-based Ola Electric, the world's most funded electric two-wheeler manufacturer, announced its Q4 and Full Year FY 2025 financial results yesterday. Every meaningful metric has dipped, the most important being a 61% drop in revenues and a -101% consolidated EBITDA margin.
The India-based Ola Electric, the world's most funded electric two-wheeler manufacturer, announced its Q4 and Full Year FY 2025 financial results yesterday. Every meaningful metric has dipped, the most important being a 61% drop in revenues and a -101% consolidated EBITDA margin.
Niu announced its Q1 2025 and reported a big bump in revenues, riding on a 57% jump in retail sales. gross profit also improved even though Gross Margins took a modest hit.
We are always sceptical about financials immediately after an IPO. Companies are at their best behaviour, are prudent, and the numbers are unbelievably good. In some cases, they start deteriorating right after. With that skepticism, mixed with some cynicism, we analyse Ather's latest numbers
As the Taiwanese energy company and scooter manufacturer delivered its Q1 2025 results, key metrics continue deteriorating without any recovery in sight. The biggest worry is that Gogoro is also depleting its cash reserves and eroding its market cap.
The world's largest electric two-wheeler manufacturer saw a double digit decline in both sales and profits., However, it continues to be the world's largest producer of electric two-wheelers bu a comfortable margin.
India-based Bajaj Auto, the world's most profitable two-wheeler manufacturer and KTM's long-term partner, has pitched in with EUR 800m to save KTM. We look at the what, why, and what now of the deal.
India-based EV as a service company Alt-Mobility has raised an undisclosed amount from Beyond Capital Ventures.
Heritage machines are never about numbers. Riders seek an emotional connection with them. So if a new brand focuses on industrial design to get eyeballs and target that emotional connection, more power to them. Also, that may be a good template for electric motorcycle manufacturers to follow.
How fast can a nascent market get crowded? We see that happening already with many startups developing electric motocrossers. Agreed that this is a promising format but overcrowding always means some will sink.
The motocrosser/trial format is the best fit for electric powertrains. You need high torque, yet ride shorter distances and for shorter time-periods. A perfect match, but are we overdoing it?
With revenues from battery swapping growing while those from vehicle sales declining, Gogoro may have a problem with the wrong business model. This creates a situation where the brand is bigger than the business
Not everyone gets treated equally, or fairly, and that is a reality. The global equity markets are rewarding the potential future than fundamentals.
At one time, SPACs and listing on Nasdaq was a great eventual target that urban electric mobility companies worked towards. The tide has changed and no one seems to be doing well. In the second part of this series, we try to decipher why E2W stocks are sinking?
India-based Ola Electric is coming with an IPO. We take a look at how the previously listed E2W manufacturers have done across the world. None seems to be thriving.
As ICE motorcycles embrace electronics, sensors, and rider-aids, it is becoming easier for new riders to handle speed. The various automatic transmissions entering the market further dumb down motorcycles. The motorcycling world may not realise but they are taking ICE closer to EVs
With more highly populated African countries enhancing power generation and cleaning up their grids, electric mobility is finding a natural fit against high-cost oil. The BodaBodas open a huge market, potentially worth USD 7.5 bn
Often, in the haste to go electric, we force-fit electric mobility to the ecosystem. However, it should be the other way around, and the ecosystem should dictate the suitability of electric mobility. Once we do things the right way, Africa emerges as an unexpected shining star for E2Ws
The incumbents are reluctant and everyone else is not getting anywhere with large lifestyle electric motorcycles? What makes the equation so impossible? Is it just technology challenges compounded by half-hearted efforts or are we trying to force fit things before the core technology matures?
Freedom on two-wheels does not translate well beyond a certain motor power and battery capacity thresholds when it comes to electric. (Un)Surprisingly, large electric motorcycles are slower, heavier, and compromised
