License & Registration not required,125km range extend in full charge || HOP electric features and price details

Mintu. January 30, 2022

License & Registration not required,125km range extend in full charge || HOP electric features and price details

HOP Electric Mobility, a diversified business venture of Rays Power Infra, is looking at investing Rs 100 crore over the next two years to expand manufacturing capacity for electric vehicle.

The company currently has a manufacturing unit at Jaipur in Rajasthan with a production capacity of 50,000 vehicles per annum, which can be expanded to roll out 100,000 units every year. HOP Electric plans to set up a second manufacturing facility, which will take the total capacity to 500,000 units per year by 2023. The company is looking at raising resources to fund its expansion plans.

“We are targeting the commuter segment with our products,” said Ketan Mehta, founder and chief executive officer, HOP Electric Mobility. “Currently, most electric two-wheelers are priced upwards of Rs 1 lakh. We are looking at garnering volumes in the mass market by offering affordable scooters and motorcycles, with longer range and higher speeds.”

HOP Electric offers two electric scooters—HOP LEO and HOP LYF—in the local market. The products deliver a range of 70-120 km and retail between Rs 72,000 and Rs 95,000, depending on the state of sale. A third product, an electric motorcycle OXO, is scheduled for launch next month.

HOP Electric, which commenced sales earlier this financial year, is registering sales of around 1,000 units every month. Mehta expects monthly volumes to go up to 4,000 units by March/April 2022. The company is looking at selling at least 50,000 units in CY2022.

To increase reach, HOP Electric plans to have in place 100 dealerships by the end of the current financial year. Overall, the plan is to expand footprint across India in the next 2-3 years. The company has around 50 sales outlets spread across nine states, mostly in the southern part of the country.

“The potential for electrification in the two-wheeler and three-wheeler segments is huge. If current policies continue, all two-wheelers sold in the local market are likely to go electric by 2030,” said Mehta.

HOP Electric also plans to put in place a battery swapping and charging network across the country by the end of 2023. Its pilot network with five swapping stations and 50 batteries has already started operation in Jaipur, and the brand is now planning to further expand in other cities and states.

Charge your LYF electric scooter anywhere with a standard 15 Amp power socket. Weather at home or at work just plug in your scooter and get 120 km of range in just three and a half hours.

Cruise the roads effortlessly at a top speed of 45 KM/Hr.

With 96 NM of wheel, torque zoom past the traffic at every red light or climb a flyover with 160 kgs of load with ease and comfort.

72V PMSM Hub motors powering the LYF electric scooter is IP 67 rated so no worries of riding in the rain.

Hop LYF is available with two battery options.

Standard with 80 Kms of range per charge

Extended with 125 Kms of range per charge

License & Registration: Not Required.

Battery: Lithium Ion (72V 20AH) battery.

Charging Time: 4 Hours.

Max Carrying Capacity: 180 Kg.

Max Driving Distance: 80 Km per Charge.

Ground Clearance: 160mm.