Among the six models, five will be powered by a 60V/20Ah lithium-ion battery and one will get a bigger 72V/32Ah lead acid battery. These will be available in three motor configurations including 800 watt, 1000 watt and 1200 watt.
The electric bike maker will be utilising the fund for expanding its product portfolio. It will focus on localising its research and development division by implementing modern technology with this investment.
Ampere Vehicles, a Coimbatore-based electric vehicle company has launched two new products for the Indian market. The Ampere V48 and the Red Li-Ion have been priced at Rs 38,000 and Rs 46,000 respectively.