Berlin-based electric bike maker eROCKIT, has announced a million-euro investment in the firm by Indian investor Motovolt – and the new partner is also setting up a €10m production plant in India. According to eROCKIT, the new investment will strengthen the production of its unique eROCKIT One model in Hennigsdorf near Berlin, as well as funding the development of a new entry-level model, which will serve as a platform for further international models.
The firm produces a unique range of bikes, which blends 125cc-equivalent electric bike performance with the ‘human hybrid’ system that uses pedals, like an e-bicycle, enabling riders to hit nearly 60mph, while pedalling…
Andreas Zurwehme (CEO eROCKIT AG) said, “Our technology serves people and solves mobility problems worldwide. Our vehicles stand for healthy exercise, clean mobility, better air in our cities and less noise. In addition, we are helping to achieve the climate goals with eROCKIT.”
Tushar Choudhary (CEO Motovolt) commented, “India is the largest two-wheeler market in the world. The demand for innovative and emission-free vehicles is enormous. For us, eROCKIT means cutting-edge technology and German engineering. We are therefore investing in this company and together we will lead it to great international success.”