At a time when many auto companies in India are reeling under pressure in the electric vehicles segment, Delhi-based Okinawa Autotech Pvt Ltd has entered the market with the launch of Ridge e-scooter, priced at ₹43,702 (ex-showroom, Delhi). It also plans to invest around ₹270 crore in the next three years.

“We have invested around ₹34 crore till now in setting up a manufacturing facility in Rajasthan and will invest around $40 million (₹270 crore) in the next three years to expand our business across India, and in research and development capabilities,” Jeetender Sharma, Managing Director, Okinawa Autotech, told reporters here.

The company has a plant in Bhiwadi with an annual capacity of 90,000 units in one shift, he said. Sharma said the company had 24 dealers in Delhi, Haryana, Uttar Pradesh and Madhya Pradesh, and plans to add around 450 dealers pan-India in the next three years.

However, unlike many other companies in the segment, Okinawa said it would focus only on high-speed (above 40 kmph) EVs and launch three such products every year. The company will soon launch another e-scooter in the next quarter and plans to launch electric motorcycles too.

The Ridge, which was launched on Monday, has a range of 90 km in a single charge. It takes one-two hours to fully charge.

It can go up to 80 kmph and has features such as anti-theft alarm, digital speedometer, central locking, smart controller as well as Eco and Power mode of operations. It has alloy wheels, tubeless tyres and telescopic suspension. The e-scooter is also compliant with regulatory standards, the company said.

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