India’s first Crowd funded e-Bike

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India’s first Crowd funded e-Bike

The country’s first crowd-funded e-bike Spero is here. What’s special about Spero is the fact that it looks like a normal bicycle but, no pedaling required. The new e-bike, which was launched in Bengaluru, will come in three different models and is priced between Rs 29,900 and Rs 50,900. It is available via Fueladream.com.

If you want a healthier option, just pedal it like a regular cycle, and in some settings, it will recharge the 48 volt Lithium ion detachable battery on the cycle.

Milltex Engineers Pvt. Ltd, a Coimbatore-based textile machinery spares producer, launched the Spero—India’s first crowdfunded electric bike—in Bengaluru on Friday. The orange and black framed bike with features such as cruise control could well be the answer to urban planners seeking to promote faster and cleaner transportation in the overcrowded and polluted cities of the country.

“Electric mobility will take more time to gain popularity. So, we needed to keep it simple and take it to the next level. What better way than a cycle,” said S. Manikandan, co-founder and managing director of the six-member company that produces the Spero electric bicycle.

While there is an attempt by the government to promote electric vehicles under the National Electric Mobility Mission Plan 2020, the lack of support infrastructure like charging stations and high-cost of battery technology, among other hurdles, has stalled growth of the programme which aims to put around six million electric and hybrid vehicles in the country.

There were only 22,000 units of electric vehicles, which include two- and four-wheelers, in the country till 31 March, according to industry lobby group Society of Manufacturers of Electric Vehicles (SMEV).