Hop Electric EV: Redefining Sustainable Mobility

The transportation sector, particularly the

two-wheeler

This growing emphasis on environmental responsibility and sustainable practices is paving the way for a future where people get more climate-conscious and problems like climate change get back-seated. Many companies have emerged to play their respective role in this upcoming future.

Hop Electric

From Renewable Energy to Electric Mobility: A Legacy of Sustainability

Hop Electric's origins are deeply rooted in the renewable energy sector. Founded by Ketan Mehta, Nikhil Bhatia, and Rahil Gupta as a forward integration of the Rays Group's $50 million renewable energy business, Hop Electric leverages its parent company's expertise in clean energy solutions to create a holistic approach to sustainable transportation. This commitment to a greener future is further emphasized by Hop Electric's status as a Champion OEM under the Government of India's ₹ 26,058 Crore Production Linked Incentive (PLI) Scheme.

Building a Robust Infrastructure: In-House R&D and Manufacturing

Hop Electric prioritizes in-house research and development (R&D) to ensure the continual evolution of its E2W technology. The company boasts a dedicated R&D and design facility in Jaipur, Rajasthan. This facility serves as the birthplace of innovative solutions, fostering the development of new electric vehicle platforms and propelling Hop Electric to the forefront of technological advancements.

Complementing its R&D capabilities, Hop Electric has established a state-of-the-art manufacturing facility, aptly named "Hop Megaplex," situated in Jaipur.  This facility boasts an annual production capacity of 1.2 lakh units, ensuring efficient and scalable production processes to meet the growing demand for Hop Electric's E2Ws. Furthermore, Hop Electric is actively developing "HOP GIGAPLEX (FTIP)," a 60-acre futuristic technologies industrial park situated in Neemrana, Rajasthan. Scheduled for development starting in 2024, this ambitious project signifies Hop Electric's commitment to expanding its manufacturing capabilities and contributing to the creation of a sustainable mobility ecosystem.

Smart Battery Swapping Technology: A Convenient and Sustainable Solution

Hop Electric recognizes that a robust charging infrastructure is critical for the widespread adoption of

EVs

A Multi-Pronged Approach to Sustainable Mobility

Hop Electric's commitment to sustainability extends beyond the development of clean-emission vehicles. The company established a dedicated captive NBFC license to facilitate consumer financing for Hop E2Ws. This strategic move eliminates financial barriers for potential buyers, making Hop Electric's sustainable mobility solutions more accessible to a wider audience.

A Journey of Innovation and Growth

Since its inception, Hop Electric has embarked on a remarkable journey marked by continuous innovation and impressive growth. The company's commitment to excellence is evident in its various milestones:

Stealth Stage: Development of a v1 prototype of a smart hot-swappable lithium-ion battery, battery swapping station, IoT stack, and ride-sharing platform.

Proof of Business Stage: Formal incorporation of the company, pilot launch of the battery swapping platform, entry into retail with two low-speed electric scooters, establishment of over 150 retail outlets, sales exceeding 11,000 E2Ws, and generation of $11 million in revenue.

Launch of Hop OXO: Marking a significant step forward, Hop Electric launched the

Hop OXO

Champion OEM Status: Recognition as a Champion OEM by the Government of India under the PLI Scheme.

Growth Stage in 2023: Deliveries commenced for the Hop OXO, and development of a new platform, the Hop Nimbus, began.

A Range of Electric Two-Wheeler Solutions for Every Need

Hop Electric caters to diverse user needs by offering a range of electric two-wheelers:

Hop OXO: This flagship electric motorcycle boasts an impressive top speed of 95 kilometres per hour and a remarkable range of 150 kilometres on a single charge. Furthermore, the Hop OXO exemplifies Hop Electric's commitment to affordability, with a running cost of only 25 paise per kilometre.

Hop LEO: Designed for mid-speed applications, the

Hop LEO electric scooter

Hop LYF: This low-speed electric scooter caters to those seeking a convenient and economical solution for short-distance commutes. With a top speed of 25 kilometres per hour and a range of 90 kilometres, the

Hop LYF

Sustainable Future ahead!

Discarding the myopic vision of traditional ICE vehicles, Hop Electric's vision extends far beyond simply manufacturing electric two-wheelers. The company aspires to revolutionize the Indian transportation landscape by spearheading a large-scale shift towards electric mobility. This ambition is reflected in Hop Electric's audacious goal: to contribute to a 90% transition of two-wheeler sales to electric vehicles by the year 2030. The potential environmental impact of achieving this goal is staggering. Hop Electric estimates that this shift would result in the following environmental benefits:

Reduction of 11 billion tons of CO2 emissions

Daily savings of 1 million barrels of oil

Prevention of 400 million premature deaths by 2050 (due to reduced air pollution)

Being a catalyst for change

Hop Electric's unwavering commitment to innovation, robust infrastructure development, and a customer-centric approach confirms the commitment to develop better and smarter options for tomorrow.  By offering a comprehensive range of electric scooters and motorcycles, coupled with a convenient battery-swapping network and accessible financing options, Hop Electric is actively paving the way for a cleaner and more sustainable future for transportation in India.  As Hop Electric continues to push the boundaries of electric vehicle technology and expand its production capabilities, we can expect even more groundbreaking advancements that will redefine sustainable mobility in the years to come.