New Delhi: Raptee, an EV motorcycle startup, has opened its first factory for manufacturing EV motorcycles. Chennai’s new factory is spread across 3 acres and will house a majority of the company’s Research and Development team in the same campus.
The startup plans to invest Rs 85 crore in this plant which will have an annual capacity of 1 lakh units, and for the next 24 months, this will serve as the primary production plant for Raptee. The company plans to hire 470 people for manufacturing and further design innovation in their highly awaited motorcycles.
Sharing insight about the newly set up plant, Dinesh Arjun, Co-founder and CEO of Raptee, said, “This is a huge leap forward for us. We are at an inflection point where we move from a small R&D outfit to becoming a full blown OEM, and we’ve identified the perfect property to maintain the balance for the years to come. We’ve been very particular about having the R&D and Manufacturing teams in the same campus to improve collaborations in this extremely crucial period for the company, and that meant the entire property would need to be inside the City. This facility ticks all those boxes and will help serve our customers better.”
Earlier in the year, Raptee received a grant of Rs 3.27 crore from the leading R&D organization set up by the automotive industry and the Government of India, the Automotive Research Association of India. The grant was the part of the Capital Goods Scheme by the Ministry of Heavy Industries, Government of India, under the AMTIFs (Advance Mobility Transformation & Innovation Foundation) Industry Accelerator program.
