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Jaipur-based electric vehicles startup BattRE has announced that “It has now moved to bigger factory premises to meet the demand.
“With this expansion move, BattRE plans to raise its manufacturing capacity to 4000 units per month, which is a 300% increase overall,” the statement said.
Speaking on the development, Nishchal Chaudhary, founder of BattRE, said on the occasion, “This factory expansion will cater to the growing demand of e-scooters which we forecast to increase multi-fold in the next couple of quarters. Moreover, with an ARR of Rs.120 crores, we plan to invest more in our production and R&D capabilities, add world-class products, strengthen our retail & partner network, and work further to build an EV ecosystem in India.”
Last year, BattRE’s revenue was increased by 255% and is currently growing at 900%+ over LYTD. To fuel this growth, the company is adding two new products to their portfolio with plans to launch them in the next 3-4 months.
The start-up is also working towards building the EV ecosystem in India, with more than 500 recharge stations already installed across. Additionally, the company has undertaken training the existing petrol 2-wheeler repair shops to service electric vehicles.