Tag: electric bikes

  • Lahore High Court makes electric bikes scheme conditional with environmental NOC

    Lahore High Court makes electric bikes scheme conditional with environmental NOC

    Lahore High Court (LHC) has made the scheme of distribution of electric bikes among students conditional to obtaining an environmental NOC, reports Geo News.

    Justice Shahid Karim said during a heating of a case against smog and environmental pollution that the distribution scheme of motorcycles will be subject to environmental NOC.

    The High Court said that not getting environmental NOC before the project is a criminal offence because the problem of environmental pollution is serious and cannot be ignored.

    The court has extended the suspension of the lottery for the distribution of electric bikes among the students.

    The court has ordered all parks in the city to be fully restored and secured, saying that fines should be imposed to restore and secure the parks.

    Apart from this, the court has also ordered to allocate another place for buying and selling birds.

    The court ordered the restoration of the LDA K7 sports complex and also directed to reduce the fees of LDA clubs.

    The court expressed displeasure over the cutting of trees and destruction of a rose garden in a private housing society and ordered the LDA to submit a report on the cutting of trees.

    The court sought a detailed report from the Punjab government by May 27.

  • Punjab govt announces balloting date for e-bike scheme

    Punjab govt announces balloting date for e-bike scheme

    The Punjab government has set May 10 as the balloting date for the Punjab e-bike Scheme, a project designed to provide 20,000 motorcycles to deserving students.

    The announcement was made during a meeting chaired by Punjab Minister for Transport Bilal Akbar Khan, which focused on evaluating the scheme’s progress.

    The project, launched by Chief Minister (CM) Maryam Nawaz on April 12 under the Chief Minister Youth Initiative, has garnered significant interest from students.

    The number of applications has exceeded 100,000, indicating a high level of enthusiasm for the scheme. The balloting process will select 20,000 recipients from this pool.

    The Punjab e-bike Scheme offers students the opportunity to acquire motorcycles and e-bikes through a manageable monthly installment plan.

    Male students will be able to purchase bikes with payments of Rs11,676 per month, while female students can do so for Rs7,325 per month.

    The scheme also has a quota system to ensure fair distribution. In urban areas, the quota is evenly split, with 50 per cent reserved for male students and 50 per cent for female students.

    In rural areas, the allocation is different, with 70 per cent of the quota set aside for male students and 30 per cent for female students.

    To promote equitable distribution in Lahore, motorcycles will be allotted based on the population density of each district.

  • PHA becomes first government department to give electric bikes to employees

    PHA becomes first government department to give electric bikes to employees

    The Parks and Horticulture Authority (PHA) of Lahore has become the first government department to distribute eco-friendly electric bikes to its workforce. The first batch will be distributed on Monday.

    PHA has taken the step in order to combat air pollution in Lahore which is at an all-time high since a few weeks. 25 e-bikes are to be given to the employees.

    The Electric Vehicles Policy of Pakistan 2020-2025 also emphasised on providing incentives to promote local production of e-vehicles, with the ultimate goal of capturing a substantial share of the market.

    The PHA has also undertaken a city-wide plantation drive, sowing millions of plants in far-flung as well as central Lahore neighborhoods to increase the green cover of the city.
    Just last month, it entered into a partnership with a foreign business group to plant a million trees.

    The Lahore High Court has already told the government to give bicycles to all government servants so that pollution and deadly smog could be curbed.

  • Pakistani e-motorbike startup raises $1.2 million to manufacture budget-friendly e-bikes

    Pakistani e-motorbike startup raises $1.2 million to manufacture budget-friendly e-bikes

    Pakistani e-motorbike startup Zyp Technologies has raised $1.2 million in seed funding led by venture capital fund Indus Valley Capital.

    With this key investment, Zyp is driving mass-market adoption of electric mobility in Pakistan by addressing key hurdles to adoption including High upfront cost, Range anxiety, Long charging times.

    According to the official statement, the company aims to use this investment at its assembly line which is capable of manufacturing up to 8,000 e-motorbikes per year to meet demand. Depending on each variant in production, these bikes may cost in the region of Rs150,000-450,000.

    The startup also intends to build 4,000 charging stations across the country.

    Aatif Awan, founding partner at Indus Valley Capital, said, with its vision to electrify the 25 million motorbikes in Pakistan, Zyp is building one of the most important products Pakistan needs to help solve the trade imbalance and high inflation. 

    Zyp team has meticulously designed their electric motorbikes and battery swapping to perform well in the local environment, creating a remarkable indigenous solution we’re proud to back.

    Zyp founders joined forces with a mission to create Pakistan’s own homegrown automotive brand in the clean energy sector. 

    This dream team brings experience from Silicon Valley tech companies like Microsoft and Intel, as well as auto companies like Volvo and Land Rover, and startups like Retailo.

  • ECC approves interest-free loan scheme for electric bikes and rickshaws to empower youth

    ECC approves interest-free loan scheme for electric bikes and rickshaws to empower youth

    On Thursday, the Economic Coordination Committee (ECC) of the cabinet approved a loan scheme with 0 per cent markup for environment-friendly electric bikes (e-bikes) and electric rickshaws (e-rikshaws) in a bid to facilitate youth and promote self-sufficiency.

    The approval was given during a meeting chaired by Finance Minister Senator Ishaq Dar, where various financial proposals of ministries and divisions, including the loan scheme, were approved.

    The Ministry of Industries and Production submitted a summary on the financing facility for e-bikes and e-rikshaws, presenting details on viability, demand, and incentives to make them affordable. In order to create a sustainable demand for these vehicles, the ECC approved the Prime Minister’s Youth Business & Agriculture Loan Scheme (PMYB&ALS) model for two and three-wheelers.

    Under this scheme, interest-free loans worth Rs0.5 million will be provided to youth for a period of three years. The Ministry of Industries and Production will work out the modalities of the scheme in coordination with PMYB&ALS.

    During the meeting, the Ministry of National Food Security and Research tabled a summary on the price of sugar during the month of Ramadan and briefed the attendees on the outcome of the Sugar Advisory Board’s meeting with the Pakistan Sugar Mills Association (PSMA) regarding the retail price of sugar.

    The ECC endorsed the decision that PSMA Punjab Zone will provide 20,000 metric tonnes of sugar at a retail price of Rs95 per kg during the holy month of Ramadan for sale to the general public through the government of Punjab at the district level. The ECC also directed to make similar arrangements with other provincial PSMA for the provision of sugar in other provinces/areas.