Electric bikes run at a cost of 25 paise per kilometer
Amid growing demand for electric vehicles in India, all auto manufacturers as well as new companies have started launching their electric vehicles. A new name in the electric bike segment, Ward Wizard Innovation and Mobility Limited, has also been added. Who has launched their own electric bike Joy brand, which has had a lot of success last month.
The company sold a total of 945 units of its electric two-wheeler in July 2021, up from 173 units in July 2020, according to a report published in Express Drive, which provides information about the auto sector.
Commenting on the company's rapid sales, Ward Wizard Innovation and Mobility's Chief Financial Officer Sneh Schauch said subsidies and exemptions from the central and state governments have further boosted sales of electric vehicles. But he also cited rising oil prices as the main reason for the increase in sales of these electric vehicles. Along with this, electric two-wheelers are now becoming a priority among people in urban and rural areas of the country.
Currently, the company is selling its electric two-wheelers in more than 25 cities across the country, but that number will soon increase. The new bike we are telling you about is the Joy Monster, in which the company has given a 250 watt power motor which is a BLDC motor. In this, the company has given a 72 watt, 39 AH lithium-ion battery pack.
According to the new company, the top speed of this bike is 25 kilometers per hour. Regarding its driving range, the company says that once fully charged, the bike offers a driving range of 100 km. That means the cost of running it is only 258 paise per kilometer. It takes about 5 to 5:30 hours to fully charge this bike once. The starting price of this bike is Rs 1.56 lakh but after taking the subsidy and discount, the price of the bike goes down a lot.