The Indian market is floating with a wide variety of two-wheelers, however not many electric two-wheelers are available in the market as compared to cars and other vehicles. HOP Electric Mobility is an electric two-wheeler manufacturer that is aiming to become the worlds leading manufacturer to promote an ecological, green and sustainable environment.
The company is still considered as one of the fastest-growing electric two-wheeler manufacturers and has recently inaugurated a new regional branch in Jaipur, Rajasthan by Sh. Pratap Singh Khachariyawas, Minister of Road and Transport. HOP Electric Mobility signed a Memorandum of Understanding (MoU) to develop a large-scale manufacturing unit in Jaipur to produce electric vehicles.
This deal between the two was certified at the 2021 Dubai Expo and the authorities are planning to build a separate unit that is capable of producing around 1.80 lakh vehicles. HOP Electric Mobility offers a wide range of battery-swapping technologies and electric two-wheelers that are smart in terms of looks and technology and can be said to be a sustainable mode of transportation.
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This recently inaugurated experience centre in Jaipur is an exclusive one that came in flow with the start of 2021. As the automotive sector has started shifting towards electric vehicles, the company is expecting the government to promote and support the sale of electric vehicles in India.
Ketan Mehta, CEO and Founder of HOP Electric Mobility commented, We are extremely excited to avail this opportunity. We expect the MoU to encourage other local companies to continue moving forward with zeal and hard work. This MoU will work as a catalyst for society's combined growth as we aim to strengthen our non-polluting transportation system (e-mobility) by leveraging futuristic technology and meticulous R&D."
He also said, As of now, we are vigorously evaluating different states to set up more assembly units. According to the facilities and support provided by the states, we'll be investing close to INR 100 crore and generating over 3000 direct and indirect employment opportunities. This MoU with the Rajasthan government substantiates our venture and strives to stay true to our promises and vision."
HOP Electric Mobility is ready to offer incentives as well that will include additional MSME, capital subsidy, electricity duty and stamp duty exemption, reimbursement on SGST, government property allotment on 0-50% DLC rates in Jaipur, under-investment promotions, and employment incentives.
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The company is planning to introduce ten new innovative electric two-wheelers in the next three years. HOP already has its two existing models that are available in the market are Leo and Lyf. HOP Electric Mobility has a huge space of around 1.9 acres in Jaipur. The workspace, for now, is producing 7500 two-wheelers per month whereas it can be expanded up to 15,000 units per month depending on the demand.
Just to fulfil its dream of becoming one of the leaders in manufacturing electric vehicles, HOP Electric Mobility is in plans to open up around 120 stores pan India. Other prominent states that are targeted next are Uttar Pradesh, Bihar, Jharkhand, West Bengal, Madhya Pradesh, Gujrat, Punjab, and Telangana.
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Hop Electric Mobility is playing smart and is also planning to introduce HOP Energy Network, a first electric vehicle segment that would have built-in charging stations and battery swapping facility where the customers can directly replace their vehicles discharged battery with a fully charged one in just a fraction of seconds.
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