BattRE, which is a Jaipur-based EV maker, said in a statement that it has moved its production facility to a bigger factory premises to cater to the accelerated demand for its vehicles.With this, BattRE plans to raise its manufacturing capacity to 4,000 units per month, which is, in all, a 300 percent increase from its current capacity..
Founded in 2017, the technology-driven start-up, which caters to e-bicycle and e-scooter segments, has over 250 dealers across 180 cities in 17 states.
Nishchal Chaudhary, founder of BattRE Electric Mobility stated – “This factory expansion will cater to the growing demand of e-scooters which we forecast to increase multifold in the next couple of quarters.”
He also said that with an annual recurring revenue (ARR) of Rs 120 crore, the company plans to invest more in its production and R&D capabilities, add products, strengthen retail and partner network, and work further to build an EV ecosystem in India.
BattRE said its revenue last year increased by 255 percent and is currently growing at over 900 percent over last year till date (LYTD). The company will be adding two new products to their portfolio with plans to launch them in the next 3-4 months.
The company is also working towards building the EV ecosystem in India, with more than 500 recharge stations already installed across. Further, it has undertaken training the existing petrol two-wheeler repair shops to service electric vehicles.