Archive · 26 Jun 2025
Exelmoto: Celebrity-Backed EV Startup Launches Pedal-Assist Bikes
Imagine cool bikes that help you pedal but run on electricity!
Some famous people are helping to make them.
They'll cost less than ₹42,000, have batteries you can take out, and can go a good distance on one charge.
You won't need any special licenses.
The company wants to create bikes that look awesome and are good for getting around.
They're available to pre-order soon.
Exelmoto, an EV startup, is launching pedal-assist electric bikes.
The company is backed by Suniel Shetty, KL Rahul, and Ahan Shetty.
Pre-orders for the E1X Sky and E2R Rosso models begin June 28th.
The bikes are priced under ₹42,000, featuring removable batteries and a 40-60 km range.
The startup aims to target a wide audience with stylish, sustainable bikes.
- Who
- Exelmoto, founded by Akshai Varde, backed by Suniel Shetty, KL Rahul, and Ahan Shetty.
- What
- Exelmoto, an EV startup, launching pedal-assist electric bikes.
- When
- Pre-orders start June 28th.
- Where
- India
- Why
- To offer an aspirational, affordable, and sustainable commuting option.
Proponents
Critics
Market Impact
Proponents
Exelmoto's bikes offer a modern, clean, and reliable transportation choice.
Critics
The bikes have the potential to disrupt the market.
Consumer Awareness
Proponents
Exelmoto's pedal-assist bikes are an opportunity to meet consumer interest in an alternative.
Critics
Most consumers don't understand the e-bike model.
- Company
- Exelmoto
- Founders
- Akshai Varde
- Backed by
- Suniel Shetty, KL Rahul, Ahan Shetty
- Product
- Pedal-assist electric bikes
- Price
- Under ₹42,000
- Models
- E1X Sky, E2R Rosso
- Pre-order Start Date
- June 28, 2025
