Indian electric motorcycle company Tork Motorcycles raises funds
Pune-based electric two-wheeler company, Tork Motorcycles famous for creating the Yamaha FZ retrofitted with an electric motor has raised angel funding from Ola founders Bhavish Agarwal, Ankit Bhati along with other investors led by Harpreet Grover, CoCubes co-founder & CEO. These funds will primarily be used to develop a production version of the T6X electric motorcycle, scheduled for an end-2016 launch in India.
Tork Motorcycles has already released a teaser image of the T6X electric prototype. With the first round of investment from angel funding, the company plans to scale up operations as well as get into full fledged manufacturing by the end of this year. There are also plans of a second round of fund raising which will happen later in 2016.
Founded in 2009 by Kapil Shelke, a mechanical engineer with a passion for racing. Kapil has built 5 motorcycle prototypes at Tork Motors before. Tork Motorcycles has built racing protoypes for numerous motorsport events like the TTXGP championship and the TT Zero at the Isle of Man. The TX01 also won the TTXGP.
Kapil Shelke, says “We are building India’s first electric motorcycle and are targeting its launch by this year. The motorcycle will solve the rider’s pain points with several value added features like GPS, storage, cloud connectivity and phone charging making it also a first smart motorcycle in India”
Tork’s first commercial bike, the prototype for which is currently under development, is expected to launch sometime next year. The T6X will have a range of over 100 kilometres on a single charge. And it’ll take less than an hour, according to Shelke, to get the bike’s battery to full charge. The battery powering the T6X motorcycle has been designed in Europe and will be manufactured in India.
Tork Motorcycles will come equipped with features like cloud connectivity, phone charging as well as GPS. The all-digital display unit will be providing the relevant information to the rider, while also showing diagnostics and maintenance details. The cloud connectivity feature will also provide details about the nearest charging station, the company promises.
In addition to the development of the production version of the T6X, Tork Motorcycles is also working on introducing multiple charging locations. The company will initially build charging stations in Pune, Bangalore, Chennai and Delhi. Additional locations will be added in the second phase. Tork Motorcycles has a 20-member team.
Recently, Bangalore based Ather Energy showcased its made-in-India electric scooters that will be going on sale soon.