February 10, 2021
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The e-bike PiMo is priced at ₹30,000 IIT Madras-incubated start-up Pi Beam on Tuesday launched an electric two-wheeler that can charge faster than a smartphone and comes with a range of 50 km. Called ‘PiMo,’ the sustainable and affordably priced utility e-bike is targeted towards personal and commercial needs.
Priced at ₹30,000, PiMo does not require licence or registration and offers green and easy mobility on Indian roads. Nearly 90 per cent of PiMo’s product components, including the crucial batteries and controllers, are manufactured in India, thus being one of the few EVs in the local market to thoroughly embody the ‘Make in India’ spirit. Pi Beam aims to sell 10,000 vehicles by the end of next financial year (2021-22), says a company release.