Bengaluru, September 04, 2023 – MY EV Store, a trusted name in multi-brand e-mobility retail space, proudly announces the launch of its flagship electric two-wheeler, IME Rapid, India’s premier electric scooter that boasts the longest mileage range of 300 kilometers on a single charge with an impressive speed of 80 km/hr. This remarkable innovation ushers in a new era of electric mobility, addressing the prevalent range anxiety concern and marking a significant leap forward for sustainable transportation in India.
The IME Rapid’s exceptional achievement is made possible by MY EV Store’s proprietary Smart Range Technology (SRT), a game-changing advancement that recalibrates the boundaries of electric two-wheelers. SRT intelligently analyzes real-time data, incorporating factors such as battery status, weather conditions, traffic density, and driving patterns to provide highly accurate range predictions. This technological breakthrough eliminates range anxiety and champions the adoption of electric vehicles among customers, contributing to a greener and cleaner environment.
Mr. Puneeth Gowda, Founder and Managing Director of MY EV Store, stated, “The rising levels of air pollution in India demand urgent action, and electric vehicles offer the most viable solution. Nevertheless, apprehensions surrounding limited range have hindered mass EV adoption. With the IME Rapid, we have shattered this barrier and introduced a scooter that surpasses all previous benchmarks, making sustainable transportation not only viable but also convenient.”
The IME Rapid will initially launch in Bengaluru and subsequently extend its presence across Karnataka, redefining the dynamics of the electric vehicle industry in India. “The company is currently focusing on a Franchise Owned Company Operated (FOCO) model to launch in Bengaluru. We will soon be expanding our IME Rapid range in 15 to 20 cities across Karnataka,” said Gowda.
In a country where vehicle emissions are a pressing concern, e-mobility solutions are the future. India is currently at the cusp of a changing EV ecosystem that holds the potential to revolutionize the future of road transport. As indicated by industry report by Redseer Strategy Consultants, India’s electric two-wheeler sales are projected to reach a staggering 22 million units by 2030. However, the prevailing issue of range anxiety remains a prominent obstacle for electric two-wheelers today, eroding consumer trust and consequently limiting the growth of the industry.
The IME Rapid’s launch could not be timelier to rebuild customer’s confidence in e-mobility solutions. MY EV Store envisions a future where electric mobility is embraced wholeheartedly. The IME Rapid, which will be initially launched in Bengaluru, will come in three distinct variants offering ranges of 100, 200, and the remarkable 300 kilometers. Powered by a 2000 W motor, and battery capacity of 60V- 26/52/72 AH respectively, the scooter achieves a top speed of 80 km/hr, ensuring both efficiency and performance. To further boost customer confidence, MY EV Store will offer warranty and easy spare parts availability across Bengaluru to facilitate hassle free servicing of vehicles for all customers.
As part of its commitment to accessibility, MY EV Store has partnered with prominent financial institutions, including Kotak Mahindra, Shriram Finance, and Manappuram Finance, to facilitate attractive, hassle-free and simplified financial schemes for customers. The IME Rapid variants, priced between Rs. 99,000 and Rs. 1.48 lakh, cater to diverse customer needs and preferences.
MY EV Store’s journey began in 2022 as a platform that sells multi-brands of electric vehicles. In just a short time, it has evolved into a prominent platform in Karnataka, boasting over 60 retail outlets across Bengaluru. The company has now taken a major leap by producing its own EV brand, IME Rapid, making a remarkable stride.
With a clear vision to overcome challenges and an unwavering commitment to innovation, MY EV Store is shaping the future of sustainable mobility in the country.
About MY EV Store:
MY EV Store, established in 2022, is a pioneering electric vehicle retail platform headquartered in Bengaluru, India. With a network of over 60 retail outlets, the company has emerged as a prominent destination for merchandizing multi-brand battery-operated two-wheelers. MY EV Store has taken the next big leap by producing its flagship EV two-wheeler brand, IME Rapid, India’s first EV scooter with a 300 km mileage range. This emphasizes MY EV Store’s dedication to transforming the electric mobility landscape in India.
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