As the world moves towards sustainable transportation solutions, the electric vehicle industry continues to gain momentum. In a recent development, eRockit, the innovative electric two-wheeler manufacturer based in Hennigsdorf, Germany, has secured a significant €1 million investment from Motovolt, a leading electric mobility company based in India. This investment is expected to drive eRockit’s expansion plans and further establish its presence in both Germany and India.

eRockit’s unique electric-powered vehicle is not your typical electric two-wheeler. It features a pedal-powered design that resembles a bicycle, but unlike a traditional pedal-assisted electric bicycle (pedelec), it does not rely on direct mechanical energy transfer. Instead, the pedals are used to regulate the speed, while the vehicle is powered by an electric motor, allowing riders to reach speeds of up to 90 kilometers per hour. To operate the eRockit, a minimum Class B driver’s license for passenger cars is required, making it an exciting and accessible option for urban transportation.

Motovolt, founded in 2018 by Tushar Choudhary in Kolkata, India, has established itself as one of the leading electric mobility companies in the country. With a vision for a greener future, Motovolt sees immense potential in eRockit’s innovative approach to electric two-wheelers and believes in its mission to revolutionize urban transportation.

Andreas Zurwehme, the CEO of eRockit AG, expressed excitement about the recent investment, stating, “This investment accelerates eRockit’s expansion plans as a vehicle manufacturer and technology provider. It is also a strong signal for our publicly offered stock.” The €1 million investment from Motovolt will be utilized to strengthen eRockit’s product development and production at its Hennigsdorf facility, located northwest of Berlin. This infusion of capital will enable eRockit to further enhance its manufacturing capabilities and scale its operations, positioning the company for significant growth in the electric mobility market.

Motovolt has plans for additional investments of up to €10 million to establish vehicle production in India. This strategic move will not only drive the growth of eRockit but also contribute to the advancement of electric mobility in India, one of the world’s largest automobile markets.

The partnership between eRockit and Motovolt underscores the global nature of the electric vehicle industry, with companies from different regions coming together to drive innovation and promote sustainable transportation solutions. The investment from Motovolt serves as a validation of eRockit’s unique and disruptive approach to electric mobility, and the company’s potential to make a significant impact in the market.

As we continue to witness the transformation of the automotive industry towards electrification, eRockit’s €1 million investment from Motovolt is a significant milestone that will propel the company’s growth and expansion plans. With its pedal-powered design and impressive performance, eRockit is well-positioned to revolutionize urban transportation and contribute to a greener and more sustainable future.