With a complete proposed funding of Rs 85 crore, the Raptee manufacturing facility will generate employment for 470
Manufacturing to begin in H2 2023 State of the Artwork R&D facility together with a manufacturing capability of 1 Lakh items yearly
Premium EV Bike Startup, Raptee Power has opened its first manufacturing facility for manufacturing EV bikes to be rolled out later this 12 months. The manufacturing facility, which is opened in Chennai, is unfold throughout 3 acres and can home a majority of Raptee’s Analysis and Growth crew on ton identical campus.
Raptee plans to take a position Rs 85 crore on this plant which could have an annual capability of 1 Lakh items and can function the first manufacturing plant for Raptee for the subsequent 24 months. The Firm plans to make use of 470 individuals for the manufacturing and additional design innovation of their extremely awaited bikes. The R&D heart will home state-of-the-art growth and testing services on-site and can support in future merchandise whereas the manufacturing plant will home a devoted battery pack meeting line.
Talking concerning the newly set supplant, Dinesh Arjun, Co-founder and CEO, of Raptee, Says “This can be a large leap ahead for us. We’re at an inflection level the place we transfer from a small R&D outfit to turning into a full-blown finish we’ve recognized the right property to take care of the stability for the years to come back. We’ve been very specific about having the R&D and Manufacturing crew on the identical campus to enhance collaborations on this extraordinarily essential interval for the corporate and that meant all the property will should be contained in the Metropolis. This facility ticks all these packing containers and can assist serve clients higher.”
The centrally situated property was inaugurated by Mr. Shaji Koshy, Former Sr.Vice chairman of Royal Enfield and an advisor to Raptee. Commenting on the manufacturing facility opening, Shaji Koshy, Former Senior VP, of Royal Enfield, says, “I’m extraordinarily completely satisfied that such younger minds from Chennai have been capable of develop a outstanding product and I hire to help this crew who has the potential to create a huge impact within the EV panorama in India and Globally. It’s an honor for me to be inaugurating the brand new facility for Raptee, which is now shifting from its small R&D heart to a full-fledged metropolis and I want they run out of capability very quickly on this facility.”
Jayapradeep Vasudevan (JP), Chief Enterprise Officer, Raptee, Says, “This transfer is a giant motivation for all the crew at Raptee as the brand new facility homes a devoted block for the Admin and R&D, which supplies a a lot better-working ambiance for our crew to get pleasure from and contribute to the expansion journey of Raptee. This facility is large enough to cater to the rising measurement of our crew for the subsequent two years. From a producing capability standpoint, it additionally provides us sufficient flexibility to fulfill the client demand from the time of launch. The truth that the households of our crew attended the inauguration reiterates the dedication of our crew and their household’s help towards the success of Raptee. At this second, as a crew, we’re actually completely satisfied and proud that we’re progressing in direction of delivering a world-classic motorbike and buyer expertise to change into a Premium EV model.”
Early this 12 months Raptee acquired a grant of Rs 3.27 crore from the Automotive Analysis Affiliation of India, a number one R&D group arrange by the automotive trade and Govt of India. The grant was given below AMTIFs (Advance Mobility Transformation & Innovation Basis) Business Accelerator program as part of the Capital Items Scheme by the Ministry of Heavy Industries, Authorities of India. The MoUs had been exchanged within the presence of Dr. Mahendra Nath Pandey, Hon’ble Minister of Heavy Industries, Authorities of India.
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