Tag: electric motorcycle

  • Honda unveils its first electric bike in Pakistan 

    Honda unveils its first electric bike in Pakistan 

    Atlas Honda has revealed its first electric motorcycle, the Honda ‘BENLY e’, during a ceremony at the Sheikhupura plant to mark the company’s 60th year of operation in Pakistan. 

    Although the company did not specify the rollout date, Noriaki Abe, Chief Officer of Motorcycle and Power Products at Atlas Honda, announced that the Honda BENLY e will undergo test marketing. 

    The launch event emphasised the company’s commitment to delivering quality products based on market feedback. 

    Abe highlighted the integral role Honda products play in the daily lives of many Pakistanis, noting the significant contributions of the joint venture between Atlas Group and Honda Motor Company since 1963. 

    Meanwhile, Shinji Aoyama, Executive Vice President and COO of Honda Motor Company, expressed Honda’s readiness for the evolving mobility industry. 

    Saquib H. Shirazi, President and CEO of Atlas Honda, shared insights into the company’s achievements, including a 95 per cent localisation of its product line and the development of an extensive network of local auto parts manufacturers and dealers, generating employment for over 150,000 individuals. 

    Despite challenges in the motorcycle industry, such as a 5 per cent month-on-month and 11 per cent year-on-year decline in sales in October, Atlas Honda Limited reported a remarkable 152 per cent increase in net profit for the first quarter of the fiscal year 2023–24. 

    The growth was attributed to robust sales and additional income. Overall, motorcycle sales for the first four months of the fiscal year experienced a 10 per cent year-on-year decline to 371,000 units, influenced by higher bike prices and reduced consumer purchasing power. 

  • 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.