Motovolt

Motovolt Mobility is a Indian e-mobility company in the design, manufacture, and sale of electric cycles, e-scooters, and multi-utility electric two-wheelers. The company background in specialty chemicals, with the mission to democratize smart, sustainable mobility for both urban and rural India. Motovolt operates at the intersection of clean technology, micro-mobility, and digital innovation, serving a diverse customer base across the country.The company’s proprietary app ecosystem, battery-swapping partnerships, and robust after-sales service further differentiate it in a crowded market. 

Core Products and Services

• Electric Cycles (E-Cycles): Models like HUM, Kivo, Kivo Easy, and Kivo 24, offering up to 105 km range, removable batteries, and app connectivity for urban and rural commutes.

• E-Scooters and E-Mopeds: Flagship products include the M7 multi-utility e-scooter (up to 166 km range, modular design for cargo and commute), URBN e-moped (120 km range, no license required), and the new MVS7 with battery-swapping capability.

• Fleet and B2B Solutions: Customizable vehicles for last-mile delivery, logistics, and fleet operators, with features like heavy-duty batteries and IoT integration.

• Battery Swapping & BaaS: Battery-as-a-Service (BaaS) model in partnership with Indofast Energy, enabling pay-per-use battery access and reducing upfront costs for users.

• Accessories & After-Sales: Full range of accessories, extended warranties, and doorstep service for maintenance and repairs.

 Business Model & Revenue Streams

• Product Sales: Core revenue from direct sales of e-cycles, e-scooters, and accessories through a pan-India dealership and online network. The company targets both B2C (individual commuters) and B2B (fleet operators, delivery companies) segments.

• Fleet & Subscription Services: Recurring revenue from fleet leasing, BaaS, and pay-per-use battery-swapping models, especially for commercial clients and delivery partners.

• After-Sales & Accessories: Revenue from maintenance, extended warranties, and sales of add-ons and spare parts

Customer Segmentation

• B2C: Students, professionals, urban commuters, and rural entrepreneurs.

• B2B: Logistics, e-commerce, food delivery, and fleet operators (e.g., Zevo, FuturElectra).

• Government/NGO: Rural development programs and women’s empowerment initiatives

 Top Clients & Partnerships

• Indofast Energy (Indian Oil & SUN Mobility JV): Strategic partner for battery-swapping infrastructure and BaaS, supporting the rollout of the MVS7 multi-utility scooter nationwide.

• Zevo: Tech-enabled logistics partner, deploying 5,000 M7 e-scooters for last-mile delivery and urban logistics.

• FuturElectra: EV lifecycle management partner, rolling out 2,000 M7 e-scooters for delivery and fleet applications.

• Epsilon Group: Corporate partnership to provide sustainable mobility solutions for employees in Karnataka.

• CESL (Convergence Energy Services Ltd.): Government contract to supply e-bicycles for rural women entrepreneurs under the STREE program, enhancing rural mobility and economic empowerment.

• Swobbee (Germany): Collaboration for battery-swapping stations in Bengaluru and Hyderabad, supporting urban EV infrastructure.

 Future Outlook & Strategic Priorities

• Product Innovation: Launch of new high-speed, modular e-scooters (M7, MVS7) and expansion into battery-swapping and BaaS models to address range anxiety and affordability (reflecting recent market trends).

• Market Expansion: Doubling dealership points to 200+ in 2025, scaling manufacturing capacity from 60,000 to 500,000 units annually, and entering new geographies including North and South India.

• Strategic Partnerships: Deepening collaborations with logistics, energy, and government partners to drive adoption in both urban and rural markets.

• Sustainability Initiatives: Focus on rural mobility, women’s empowerment, and emission reduction through government and NGO programs.

• Macroeconomic Volatility: Fluctuations in raw material prices, supply chain disruptions, and consumer demand cycles may affect margins and growth