AMO Electric Bikes, the leading Noida-based EV manufacturer has reported the consolidated financial results for first half of 2021 during the third foundation day i.e. on 4th August 2021. The company has reported the highest spike in electric two-wheeler sales till now. With this, the electric vehicle manufacturer witnessed a growth of 343% in Retail and 240% rise in Network.

Speaking on this, Sushant Kumar, Founder of AMO Electric Bikes said: We have put our investments in because we believe electric vehicles are the greener alternative to traditional fuel-driven bikes. Also, we have expanded our product portfolio by adding multiple high-speed electric bikes powered by an integrated electric motor and rechargeable batteries for forwarding propulsion. Our products have poised to be the true game-changer in the electric bikes market in India and have already set a prominent footprint in Uttar Pradesh, Bihar, Maharashtra, Haryana, Jharkhand, Rajasthan, Uttarakhand, Madhya Pradesh, Tamilnadu and Punjab.

With our energy-efficient e-bikes, we are putting our best efforts forward to cope with the positive electric bike market sentiments projected to rise upto USD 70.0 billion by 2027 from USD 41.1 billion in 2020, at a CAGR of 7.9%. In the awake of COVID19 outbreak where people are returning to normalcy and mostly avoiding public transportation, the high-speed electric vehicles by AMO Electric Bikes come as a safer and affordable option to public transportation systems such as metros, buses, and cab/ride-sharing platforms - he added further.

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Presently, AMO Electric Bikes is dominating the rapid demand for electric two-wheelers with its tough range of multiple high-speed electric bikes which mainly include like AMO Jaunty and AMO Inspirer fusing our engineering and design expertise with AMO's manufacturing capability.