- In July 2024, VanMoof launched its latest high-performance e-bike model, which incorporates advanced security features, including a unique anti-theft alarm and a new battery system designed to extend riding distance by 30%. This release aims to strengthen its position as a premium brand in the U.S. market
- In June 2024, Rad Power Bikes introduced its new cargo e-bike designed for last-mile delivery services. This model includes an upgraded motor and enhanced load capacity to cater to the growing demand for electric delivery solutions in urban areas
- In November 2023, Giant Group unveiled its first throttle-enabled electric bike, the Momentum Cito E+, under its Momentum sub-brand, which focuses on affordable bikes for street, utility, and commuter use. This model stands out with its 750W rear hub motor, a 780Wh battery, and a glovebox for added convenience. It offers a top speed of 28 mph and a range of up to 75 miles on pedal assist mode
- In March 2023, Bharat Forge Limited, through its E-Mobility subsidiary Kalyani Powertrain Limited, inaugurated its first e-bike factory at MIDC Chakan. The facility has an initial production capacity of 60,000 units per year, with the potential to scale up to 100,000 units annually. The plant primarily focuses on assembling electric bicycles for Tork Motors Private Limited, which is 64.29% owned by Kalyani Powertrain Limited
- In December 2022, Hero Motors and Yamaha Motor Co. signed an agreement to establish a Global E-Cycle Drive Unit company at Hero E-Cycle Valley in Ludhiana. This 100-acre facility already produces conventional and electric cycles for global OEMs, along with key components such as alloy rims, aluminum frames, and handlebars. The new venture will also manufacture HYM Drive Systems, with an annual production capacity of one million units
