Companies

EV-maker Twenty Two Motors eyes IT campuses to drive sales

S Ronendra Singh New Delhi | Updated on October 15, 2018 Published on October 15, 2018

Parveen Kharb, CEO and co-founder, Twenty Two Motors

Ties up with Taiwan’s Kymco for battery-swapping technology

Electric two-wheeler manufacturer Twenty Two Motors, which has partnered with Taiwan-based Kymco, on Monday said it was targeting Information Technology (IT) parks and campuses to drive sales of its products.

As part of the partnership, Kymco will invest $15 million over the next year and an additional $50 million over the next three years, while Twenty Two Motors has invested $1.6 million.

Twenty Two, whose plant in Bhiwadi has an installed capacity of 1.10 lakh units in the first year, has set itself a target of selling five lakh vehicles over the next three years.

“(IT companies) do not have the right product or mobility solution till now for their campuses. With Kymco and Twenty Two products, we are targeting these companies. You will see it happening very soon,” Parveen Kharb, Chief Executive Officer and co-founder, Twenty Two Motors, told BusinessLine on the sidelines of a launch.

He said a lot of IT campuses like Infosys use bicycles, which can be replaced by EVs.

Battery-swap facility

As part of the partnership, the company launched battery charging solutions — Ionex and Ionex Commercial —- which work just like mobile charging stations at airports or malls, and will even enable swapping of batteries at nooks and corners.

Any retailer or even a kirana shop owner can install the Ionex solution for just ₹10,000 and can provide battery- swapping service to EV owners, he said.

“A full charge of a battery will consume around one unit of electricity, so the service provider can charge just ₹20 or so, as per our calculation. We are approaching various oil companies like Indian Oil and Hindustan Petroleum also for the same,” he said.

Kharb said the company will start with New Delhi, Bengaluru, Pune, Ahmedabad and Jaipur in the next few months and will launch in more cities when the company launches its first electric scooter ‘Force’ in January.

Flow, the smart electric scooter by Twenty Two Motors, will be equipped with advanced Ionex technology developed by Kymco. The new removable Ionex battery will be lighter in weight, easy to swap, water-proof and can be full-charged in less than an hour.

To be priced around ₹75,000 and powered by a 2100-Watt motor, Flow will have a range of around 160 km with two batteries (attached) and can run at a maximum speed of 60 kmph.

Asked about the absence of proper policies in place, Allen Ko, Chairman, Kymco said, “I don’t think you need to convince the government of such things. Governments around the world are waiting for solutions which are feasible, and no government wants to be left out.”

Published on October 15, 2018
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