- BattRE said its revenue last year increased by 255 per cent and is currently growing at over 900 per cent over last year till date (LYTD)
- BattRE plans to raise its manufacturing capacity to 4,000 units per month, which is, in all, a 300 per cent increase
EV maker BattRE said that it has moved its production facility to a bigger factory premises to meet the accelerated demand for these vehicles. BattRE plans to raise its manufacturing capacity to 4,000 units per month, which is, in all, a 300 per cent increase, the company said in a statement.
Nishchal Chaudhary, founder of BattRE Electric Mobility said that the factory expansion will cater to the growing demand of e-scooters which they forecast to increase multifold in the next couple of quarters. With an annual recurring revenue (ARR) of Rs 120 crore, the company plans to invest more in its production and R&D capabilities, add products, strengthen retail and partner network, and work further to build an EV ecosystem in India, he added.
BattRE said its revenue last year increased by 255 per cent and is currently growing at over 900 per cent over last year till date (LYTD). It said that to speed up growth the company is adding two new products to their portfolio with plans to launch them in the next 3-4 months.
It is also working towards building the EV ecosystem in India, with more than 500 recharge stations already installed across. It has undertaken training the existing petrol two-wheeler repair shops to service electric vehicles.
