After Tesla & VinFast, Global Tech Giant Acer To Sell EVs In India

Taiwanese tech giant Acer has entered the Indian EV market by licensing its brand name to mobility startup eBikeGo. This will allow the startup to use the Acer trademark to sell its escooters in India. 

As part of the partnership, eBikeGo will manufacture and design scooter model Acer MUVI 125 4G and sell it for INR 99,999.

In addition to the two-wheelers, eBikego will also manufacture three wheelers for Acer. 

The electric scooters will come with swappable batteries and can be customised for B2B use cases such as food and grocery deliveries, the company said in a statement.  The new model will offer a top speed of 75 km/h and a range of 80 km and qualifies for central and state government subsidies. 

The company said that the Acer MUVI 125 4G model will be available for pre-booking soon. Additionally, the company stated that it will roll out dealership opportunities.

Commenting on the scooter model, Acer’s global strategic alliances VP Jade Zhou said, “Sustainability and innovation are two important principles that the Acer brand is known for. The Acer MUVI 125 4G represents both and we are excited to see it coming to market in the near future.”

To this, Irfan Khan, CEO of Think eBikeGo added, “The Acer MUVI 125 4G represents our vision for a greener future. We believe it is set to become the preferred choice for urban commuters.”

With the growing demand for EVs across India, the market has seen many global and domestic tech giants venturing into the space, with new startups coming up as well. 

Tesla and VinFast are two major global automakers that have committed to setting up EV units in India. From renting an office space in Pune to meeting the top government officials and ministers, Tesla has already advanced in its plans. 

Meanwhile, VinFast announced that it would invest $150 Mn – $200 Mn in India to set up a completely knocked down (CKD) assembly unit.

Currently, Tata and Mahindra are the two major Indian automakers, who are selling EV four-wheelers in India. meanwhile, the two-wheeler EV space is being dominated by players like Ola Electric, Ather Energy, TVS Motor, and Hero Motocorp. 

Companies and startups started pouring into the space after the country saw a 300% surge in EV sales in 2022, as reported by Road Transport and Highway Minister Nitin Gadkari. Furthermore, he anticipated that the Indian EV market would reach $266 Bn by 2030. With 3 Mn registered EVs, the country saw EV sales skyrocketing 131%, surging from 25,100 units to 58,076 units.

Update: The copy has been edited to highlight that the partnership is a licensing agreement and the escooters will be manufactured and designed by eBikeGo.

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