Gogoro’s First Impact Report Is Out; highlights benefits of battery swap
- By Bhushan Mhapralkar
- February 20, 2023

As India pursues a goal to drastically reduce greenhouse gases through efforts like a shift to zero carbon emission vehicles that also lead to the elimination of dependence on imported fuels, even imported battery cells, the first impact report of Taiwan-based Gogoro is out. It outlines some very interesting and important factors on battery electric two-wheelers and battery swapping technology, stopping short of how green electricity could be harness over a grey source to ensure a greener well to wheel journey.
Highlighting Gogoro's progress in sustainability and ESG, the first impact report categorically outlines how its swapping and smart scooters have been successful in enabling a transformation to sustainable urban transportation. The company's Founder and CEO Horace Luke mentions that ten years ago few were contemplating the urban energy and transportation transformation necessary to address in the wake of the plight cities were facing because of air pollution and other negative effects of climate change. Our first impact report highlights this and the progress we have made in our ESG initiatives, in-turn outlining our future intentions, he adds.
Drawing attention how the report summarises his company’s commitments and progress in four key strategic areas of cleaner planet, safety and resilience, responsible business and social impact, Luke avers that these four areas are key to our success in achieving smarter, cleaner and safer cities.
With nearly two million customers and 400 million battery swaps to date, Gogoro has established an open 360-degree ecosystem, which is AI-powered and cloud-connected to deliver the most accessible urban energy solution. The system is constantly learning, adjusting and optimising smart batteries and swapping stations to enable a variety of smart city solutions.
Stating how the battery swap technology and smart scooters have made a positive impact with the help of key statistical data in terms of fossil fuel consumption reduction, CO2 emissions reduction, particulate emission reduction and employment generation, the first impact report also highlights how cities in Asia and Africa, where two-wheelers are used for daily commutes, are benefitting. With the battery swapping system paid particular attention to because it allows users to refuel their electric scooters quickly and easily, the first impact report states that the system or technology creates the potential to integrate renewable power into electricity grids through virtual power plants and demand response programmes.
In 2022, Gogoro began purchasing renewable energy in Taiwan to further reduce the amount of scope 2 emissions caused by its manufacturing, retail operations and battery swapping service, according to the first impact report. With a long-term goal of achieving 100 percent renewable energy, in 2022, it achieved 40 percent renewable energy in its factory operations and at two retail stores.
Gogoro And Hero Group
Hero MotoCorp, which began deliveries of its first Vida V1 electric scooter in select cities in India starting with Bengaluru, announced in 2021 that it has entered into a strategic partnership with Gogoro to establish a battery swapping JV that will bring the Taiwanese company's industry leading battery swapping platform to the Indian market. The Indian two-wheeler major also announced that the two companies will collaborate to build electric two-wheelers in India that are branded as Hero and powered by Gogoro network.
Drawing attention to Gogoro's hyper-efficient battery swapping network receiving the 2020 Frost & Sullivan Company of the Year award for the Global Swappable Battery Electric Scooter Market, sources aware of the development mentioned that Hero MotoCorp would benefit from Gogoro's knowledge and experience to drive a beneficial arrangement in the electric two-wheeler market that is also being encouraged by the government. Citing that there are hurdles like an electric two-wheeler attracting 5 percent GST and a battery attracting 18 percent GST, they added that these are being followed up on and would soon hopefully be sorted.
Encouraging battery swap with a favourable policy structure
While Gogoro may be keen to carve out a good pie of the Indian market with its intelligent battery swapping technology, India's homegrown company, Sun Mobility, may not be any less in its ability to deliver on the same front. At Auto Expo 2023, it showcased an AI enabled smart battery swapping system and smart battery packs in line with the government's encouragement to develop an efficient EV ecosystem and bring about a shift to lower the CO2 emissions that Indian cities seem to battle with. Cities like Mumbai, which have until now not figured among the top polluted cities in the world, seem to be getting there with high particulate, NOx and CO2 emissions.
While the high amount of construction activity and a change in wind currents may be the contributing factor, the fact that the number of two-wheelers in the megacity have risen in the last one or two decades is an indication that a transition to EVs will contribute to lowering of emission levels to an extent. An ability to generate electricity needed to fuel these many numbers of electric two-wheelers would also need to come from a greener source rather than from lignite burning thermal plants that would mean a mere shift of pollution from cities to rural areas where most thermal plants are.
Gogoro partnership with Maharashtra Government
The Indian State of Maharashtra announced a strategic energy partnership with Gogoro Inc. and Belrise Industries (erstwhile known as Badve Engineering Ltd) to establish an unprecedented battery-swapping infrastructure in January 2023. The two companies in association to the respective state government plan to build a smart energy infrastructure that is open and accessible and establishes battery swapping and smart battery stations as a leading source for mobility and energy storage. The deployment is also expected to accelerate job growth throughout the smart energy, electric vehicle and sustainability value chain. It is expected to foster smart electric vehicle manufacturing and assembly too.
Hero MotoCorp’s Vida To Introduce Battery-as-a-Service Model To Disrupt Electric Two-wheeler Segment
- By MT Bureau
- June 18, 2025

Vida, the electric two-wheeler brand of Hero MotoCorp, aims to disrupt the electric two-wheeler segment with the introduction of a subscription-based Battery-as-a-Service (BaaS) model. This move is expected to make electric mobility more affordable, with the fine details set to be announced on 1 July 2025.
The company shared that in addition to a flexible ‘pay-as-you-go’ ownership model, the BaaS subscription solution will significantly reduce the upfront ownership cost, making EVs more affordable and accessible to a wider customer base. Customers will be able to get separate finance options for the scooter chassis and battery, reducing significant upfront capital expenditure into manageable monthly payments.
Under the new business model, Vida customers will have greater flexibility for their monthly payments, along with access to over 3,600 fast-charging stations and more than 500 service points in over 100 cities.
- Oben Electric
- Oben Rorr
- Oben Rorr EZ
- Sharda Family office
- Kay
- Helios Holdings
- Series A
- Madhumit Agrawal
Oben Electric Raises INR 500 Million In Extended Series A Round
- By MT Bureau
- June 18, 2025

Bengaluru-based electric vehicle startup Oben Electric has raised an additional INR 500 million in May 2025 through an extended Series A funding round led by existing investors Helios Holdings, Sharda family office, Kay family and other new and existing investors.
With this, the company has raised INR 1 billion in Series A and overall INR 2 billion in funding. The funding will be used towards expanding the company’s dealership presence to over 150 showrooms in more than 50 cities this fiscal, accelerating development of its 'O100' affordable e-motorcycle platform and scaling up its manufacturing operations.
Sandesh from Sharda family office, said, “Oben Electric had the right technology, product market fit and growth indicators. They are operating in an untapped large market opportunity with multi-fold revenue growth QoQ, the feedback of the electric motorcycle was great and their vertical integration of critical EV components, including LFP battery, motor and vehicle control unit is a key differentiator. We were also impressed by the maturity of the founders which is required to build such a large & complex business and believe that they would be successful in building the first global electric motorcycle brand from India.”
At present, Oben Electric already has 37 retail outlets across 26 cities in 13 states, entering key markets like Punjab, Gujarat, Madhya Pradesh, Telangana, Uttar Pradesh, Chhattisgarh and Odisha.
Madhumita Agrawal, Founder & CEO, Oben Electric, said, “The extended Series A funding is a strong vote of confidence from our investors and comes at a time when our momentum is accelerating nationwide. We’re expanding not just our retail footprint but also our innovation roadmap with platforms like O100 that aim to democratise electric motorcycles for the mass market. Backed by full vertical integration and a resilient supply chain, this funding prepares us for a new phase of scale, impact, and growth opportunities.”
The EV start-up claims to be an R&D-led, vertically integrated company, designing and manufacturing not just e-motorcycles but also all critical components, including batteries, motors, vehicle control units and home fast chargers. It currently has over 500 member team, 100,000-units-per-year manufacturing facility in Jigani, Bengaluru, over 150 vendors. It tests its e-motorcycles over 200 performance parameters and is supported by more than 68,000 public charging stations and over 10 ecosystem partners for insurance, financing and roadside assistance.
The Oben Rorr e-motorcycle line-up starts at INR 99,999 for the Oben Rorr EZ, which can go from zero to 40 kmph in 3.3 seconds, top speed of 95 kmph and a range of up to 175 km (IDC) across three battery variant. On the other hand, the Oben Rorr, its flagship product is designed for high performance. Both EVs are powered by high performance LFP (Lithium Iron Phosphate) battery technology.
Going forward, the EV maker aims to further raise USD 30 million in Series B in CY2025 to expand its presence globally.
Bajaj Auto Launches Chetak 3001 E-Scooter At INR 99,990
- By MT Bureau
- June 17, 2025

Bajaj Auto, the world's leading two and three-wheeler manufacturer, today announced the launch of the Chetak 3001, an advanced iteration of its popular Chetak 2903 electric scooter at INR 99,990. Built on the same cutting-edge EV platform as the highly successful Chetak 35 Series, the new Chetak 3001 boasts floorboard-mounted 3.0 kWh batteries, promising an enhanced riding experience with improved stability, increased storage and extended range.
Designed for Real Life: Key Innovations
The Chetak 3001 introduces several significant upgrades aimed at the everyday Indian rider:
- New Floorboard Battery Architecture: This design offers superior stability, more foot room and a lower centre of gravity for a more comfortable and mature ride.
- Class-Leading 127 KM Range: Certified for extensive distances, making it ideal for daily commutes and weekend excursions.
- Massive 35L Boot Space: Ample storage for essentials, from helmets to shopping bags.
- Rapid Charging: A 750W charger enables zero to 80 percent charge in just 3 hours 50 minutes, positioning it among the fastest in its category.
The Chetak 3001 integrates optional TecPac Features for a smarter ride, including call accept/reject, music control, Guide Me Home lights, Hill Hold Assist, reverse light and auto-flashing stop lamp.
True to Bajaj's legacy, the Chetak 3001 is engineered for durability and the diverse Indian conditions:
- Solid Steel Metal Body: The only metal-bodied EV in its class, ensuring robustness.
- IP67 Rated Water Resistance: Providing protection against monsoon rains and splashes.
- Trusted Heritage: Manufactured by Bajaj Auto, backed by a legacy of quality and a vast network of over 3,800 service centres across India.
Eric Vas, President, Urbanite Business Unit, Bajaj Auto, said, "Chetak 3001 sets the benchmark for mass adoption of electric scooters. Built on the next-generation platform, it delivers the range and performance that Indian scooter riders demand – distraction-free riding with the peace of mind of assured reliability and service. The Chetak 3001 is the everyday electric scooter to make petrol scooters redundant; its bigger, stronger and fully Lifeproof at an ex-showroom price of INR 99,990."
Riding on a wave of innovation, Bajaj's Chetak series concluded Q4 FY2025 Q4 as India's top-selling electric scooter. The 35 Series, spearheaded by models like the 3501 and 3502, has already redefined the EV landscape. The Chetak 3001 is set to continue this momentum, embodying a blend of advanced technology and the brand's enduring heritage.
- Ultraviolette Automotive
- F77 Mach 2
- F77
- F77 Superstreet
- Narayan Subramaniam
- Niraj Rajmohan
- Bosch
- Violette A.I.
Ultraviolette Expands European Presence With Launch of F77 Motorcycles In Paris
- By MT Bureau
- June 16, 2025
Bengaluru-based electric vehicle manufacturer Ultraviolette Automotive has made a striking statement today with the European launch of its flagship performance motorcycles, the F77 Mach 2 and F77 SuperStreet, at a special event held in front of the Eiffel Tower. This move into the French market, following a successful debut in Germany, underscores Ultraviolette's ambitious drive to become a significant global player in the electric vehicle segment. With this the EV maker has established its presence in 10 European countries such as Germany, France, UK, Ireland, Austria, Italy, Switzerland, Belgium, Netherlands and Luxembourg.
The F77 Mach 2 boasts a race-bred design, promising a dynamic and aggressive ride, while the F77 SuperStreet offers a more upright posture and refined ergonomics, prioritizing rider comfort without sacrificing performance.
Narayan Subramaniam, CEO & Co-Founder, Ultraviolette, said, “The launch of the F77 in Germany, France, the UK and other European countries is a defining moment for Ultraviolette and a landmark achievement for India’s automobile landscape. This launch signifies Ultraviolette’s entry into Europe’s most influential two-wheeler markets and underlines our intent to be a global force in the electric mobility revolution. As an Indian company, we are proud to bring futuristic design and cutting-edge technology to the world. This is a moment of global recognition for the talent and capability within India’s engineering and manufacturing ecosystem. Through our strategic distributor partnerships, we are not only expanding into Europe but also delivering a world-class ownership experience that reflects the best of what India has to offer.”
Both F77 models are capable of accelerating from 0 to 60 kmph in a mere 2.8 seconds. Powered by a 10.3 kWh battery pack, they deliver a peak power output of 30 kW and a staggering 100 Nm of torque, enabling swift acceleration and agile handling with a top speed of 155 km/h. These advanced motorcycles are equipped with Ultraviolette’s proprietary artificial intelligence system, Violette A.I., and industry-leading switchable Dual-Channel ABS developed by Bosch. Further enhancing the riding experience are features like 10 levels of Regenerative Braking, 4 levels of Traction Control and Dynamic Stability Control.
Niraj Rajmohan, CTO & Co-founder of Ultraviolette, added “This isn’t just the introduction of motorcycles into new markets, it’s the global unveiling of years of relentless research, engineering, and innovation, born in India. We set out with a bold ambition to build the most advanced electric motorcycle in the world. Today, we are delivering that vision to international customers. The F77 is the result of deep in-house R&D, rigorous testing, and an unwavering commitment to pushing the boundaries of performance, innovation, safety, and design. For India, this milestone represents not just our ability to participate in the global EV transition, but to lead it with technology that competes at the highest level."
To celebrate the European launch, Ultraviolette is offering a special introductory price for all pre-bookings made up to 31 July 31 2025. The F77 Mach 2 will be available starting at EUR 8,990 (regular price: EUR 9,990), and the F77 SuperStreet will be priced from EUR 9,290 (regular price: EUR 10,390).
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