Hop Oxo electric motorcycle launched in India; Check price, range and more
Hop Oxo Electric Motorcycle: HOP OXO is powered by a 3.75 KWh battery pack with a range of 150 km per charge. The newly launched high-speed electric-motorcycle motorcycle is offered in two variants - Oxo and Oxo X.
Hop Oxo Electric Motorcycle: HOP Electric Mobility on Monday launched its new electric motorcycle - HOP OXO - in India. The company launched the electric vehicle at an introductory price of Rs 1.25 lakh.
The newly launched high-speed electric-motorcycle is offered in two variants - Oxo and Oxo X.
HOP OXO is powered by a 3.75 KWh battery pack with a range of 150 km per charge. It can be charged at any 16 Amp power socket with 0 to 80 per cent charging in less than 4 hours, the company said.
The introductory prices of the two variants, OXO and OXO-X are Rs 1.25 lakh and Rs 1.4 lakh, respectively.
Apart from that, the company also plans to invest up to Rs 200 crore in the next one year on new products, setting up charging infrastructure and in creating additional production capacity, according to company Founder & CEO Ketan Mehta.
"Cumulatively, till now we've invested close to Rs 50 crore in this business and going forward we are ready to put in up to Rs 200 crore in less than next 12 months," Mehta told PTI.
The fresh investments will go into setting up of charging network for the company's products, which will later be opened up to other brands, he added.
Apart from the newly launched Hop Oxo, the company's other existing models include low-speed electric scooters HOP LYF and HOP LEO with prices starting at Rs 65,500 and Rs 72,500, respectively.
(With the inputs of PTI)
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
SBI 444-day FD vs Union Bank of India 333-day FD: Know maturity amount on Rs 4 lakh and Rs 8 lakh investments for general and senior citizens
Power of Compounding: Salary Rs 25,000 per month; is it possible to create over Rs 2.60 crore corpus; understand it through calculations
New Year Pick by Anil Singhvi: This smallcap stock can offer up to 75% return in long term - Check targets
PSU Oil Stocks: Here's what brokerage suggests on these 2 largecap, 1 midcap scrips - Buy, Sell or Hold?
Power of Compounding: How many years it will take to reach Rs 2 crore corpus if your monthly SIP is Rs 3,000, Rs 4,000, or Rs 5,000
Retirement Calculator: 40 years of age, Rs 50,000 monthly expenses; what should be retirement corpus and monthly investment
12:04 PM IST