Electric Scooter and Motorcycles

Niu Technology global sales increased 25% in 2024. While the company had fixed a target to be back at 1 million sales (including kick scooters), the final results was very far from it, and global sales ended the year at 767.000 (+25.9%).

VMoto Global sales declined in 2023. The Australian based electric motorcycles producer was impacted by the fall of global market losing 13.1% of sales and declining at 21K. 

Ather Energy is ready to be quoted in the Indian Stock Exchange. Founded in 2013, after raising over $450 million to sustain the start up, the company is very near to the IPO, crucial to source new investments and expansion in the EV motorcycles and in the international market.

Ola Electric is the largest electric 2-wheeler producer outside of China. After starting production in December 2021, the rapid sales growth allowed the company to achieve the leadership in the domestic market although the still tiny model line-up.