EXELmoto, founded by Akshai Varde and backed by Suniel Shetty, KL Rahul, and Ahan Shetty, has launched a new e-bicycle priced from ₹48,500. Blending design, comfort, and accessibility, it targets inclusive mobility. With localisation plans and 50,000-unit annual capacity by 2026, EXELmoto aims to redefine India’s electric micro-mobility landscape.
In a market buzzing with electric scooters and e-bikes chasing speed, EXELmoto’s latest e-bicycle launch is quietly reshaping the conversation around accessible, inclusive, and sustainable mobility. Founded by Akshai Varde and backed by celebrity investors Suniel Shetty, KL Rahul, and Ahan Shetty, EXELmoto has evolved well beyond its star-studded beginnings. It now stands as a design-driven, economically viable mobility brand with a clear long-term vision for scalability and inclusion.
At the heart of this new chapter is a product that embodies simplicity, affordability, and practicality. Priced from ₹48,500, the new EXELmoto e-bicycle merges the comfort of a scooter with the efficiency of pedal-assist technology. It features a bench seat, low-step frame, and an intuitive assist system that make it easy to use, even for those new to electric mobility. Significantly, the e-bicycle requires no license or registration, a move that reduces barriers to entry for women, senior citizens, and first-time EV users—segments often underserved in India’s two-wheeler ecosystem.
The brand’s design philosophy is rooted in solving real-world mobility challenges. Every feature seems thoughtfully crafted: the step-through frame allows easy mounting and dismounting for elderly riders and women in sarees, while the adjustable seat ensures that growing teens can comfortably use the bike. The hybrid system—combining pedal power with electric assistance—encourages active riding while giving users the thrill of throttle control when needed.
Among the new models, one stands out—the E1X-Sky. With its nostalgic BMX-inspired look and modern engineering, it strikes a perfect balance between style and function. The high-tensile steel frame, featuring a double-top-pipe crossbow design, gives the bike both durability and visual character. Equipped with Shimano gears for precise manual control and a smooth throttle for bursts of acceleration, the E1X-Sky delivers a riding experience that feels both familiar and futuristic.
But EXELmoto’s ambitions go far beyond aesthetics and riding comfort. The company’s recent moves signal a deeper commitment to localisation and manufacturing independence—an essential step for any brand aiming for sustainable growth in India’s competitive EV sector. According to company statements and industry reports, EXELmoto plans to bring key manufacturing processes in-house within the next 18 months. This shift toward vertical integration will allow it to scale production to 50,000 units annually by Q3 2026, while gaining greater control over cost, quality, and supply-chain efficiency.
This localisation-first approach aligns closely with India’s national focus on self-reliant manufacturing under the “Make in India” initiative. By reducing dependency on imported components and building local capacity, EXELmoto is positioning itself as not just another EV startup, but a model for how micro-mobility companies can scale responsibly and sustainably.
The company’s decision to keep the product license-free also reflects its deep understanding of Indian consumers’ concerns around affordability, convenience, and compliance. For many women, college students, gig workers, and senior citizens, conventional two-wheelers—whether petrol-based or electric—often come with intimidating formalities, maintenance demands, or high upfront costs. EXELmoto’s e-bicycle breaks this pattern by offering an easy-to-own, low-maintenance alternative that fits seamlessly into everyday life.
Bookings for the new models are now open on exelmoto.com, with a token amount of just ₹499. Deliveries are expected to begin in early 2026. The price point, combined with flexible payment options and low running costs, could make EXELmoto’s lineup one of the most inclusive EV offerings in India’s market today.
As India’s electric mobility sector continues to mature, EXELmoto’s approach—combining thoughtful design, accessibility, and localised production—sets a refreshing benchmark. Instead of competing solely on speed or high-end features, the brand is carving a niche around inclusivity and human-centred engineering.
In a country where micro-mobility often overlooks diverse user needs, EXELmoto’s new e-bicycle launch represents more than just another product—it’s a statement of intent. A statement that India’s EV future can be clean, connected, and above all, inclusive.
With scalability plans in motion and an expanding footprint in localised manufacturing, EXELmoto is not only creating vehicles—it’s shaping a new vocabulary for how mobility brands can grow with purpose and empathy. As the company accelerates toward its 2026 production goals, it may well become a case study in how design thinking and social inclusion can power the next phase of India’s electric revolution.
