Pune-based Tork Motorcycles, which is developing an electric motorcycle, has raised angel funding of an un-disclosed amount from some marquee investors, including Ola founders Bhavish Aggarwal and Ankit Bhati, and CoCubes Co-Founder and CEO Harpreet Grover.
The start-up is in the final stages of completing a prototype of an electric motorcycle and getting the certification procedures. The motorcycle is named T6X, a press release by the company said.
Kapil Shelke, Founder, Tork Motorcycles, told BusinessLine over telephone that it took the company just nine months to grow from the sketch stage to the development stage. “We are picking up speed and will launch the motorcycle soon,” he said. The motorcycle, scheduled for launch by this year, will hit the market in the first quarter of 2017.
Shelke said the motorcycle would be able to run more than 100 km on a single charge and would have features such as GPS, storage, cloud connectivity and phone charging.
Thanks to the cloud connectivity, it would be easy to find out when the motorcycle would require maintenance. “The digital display on the bike would provide information to the rider, including the nearest charging point for the battery,” said the 29-year-old entrepreneur, a mechanical engineer with a passion for racing.
Tork Motorcycles is a 16-member team and the company is looking to increase its team strength.
The release said Tork began its foray into electric motorcycles in 2009, when its motorcycle won a podium – the Electric TT race at the Isle of Man, a Mecca for motorcycling enthusiasts. Since then, it has designed, developed and produced five electric motorcycles, putting its learning from motorsport into use for developing a motorcycle for everyday use.