Kabira Mobility, an electric two-wheeler maker based in Panjim, has raised $50 million (around Rs 412 crore) funding from Qatar-based Al-Abdulla Group to fund its future growth in the country. The company currently has an installed production capacity of 40,000 units a month at its Dharwad-based plant in Karnataka.
Fresh capital infusion will enable the company to ramp up production capacity of its electric bikes KM3000, KM4000, introduce new products and enhance sales infrastructure across the country.
According to a report Kabira Mobility and the Al-Abdulla Group will use Rs 300 crore to set up a manufacturing facility in the country. The company aims to ramp up production capacity of its electric bikes KM3000, KM4000, as well as introduce new products and improve sales infrastructure across the country. The company has also announced that it will launch a new electric scooter in the country soon.
Kabira Mobility to expand EV Mobility Sales Infra
Kabira Mobility’s CEO Jaibir Siwach said, “We are excited to partner with Al-Abdulla Group, which shares our vision of making India a global hub for electric mobility. This investment will help us to scale up our production capacity and expand our product portfolio, as we look to meet the growing demand for electric two-wheelers in the country.”
The company’s electric bikes KM3000 and KM4000 are currently available in the market. The KM3000 is priced at Rs 1.26 lakh, while the KM4000 is priced at Rs 1.36 lakh (ex-showroom). The company has also announced that it will launch a new electric scooter in the country soon.
Kabira Mobility is one of the leading electric two-wheeler makers in India. The company has a strong presence in the market and is known for its innovative products and cutting-edge technology. With the new funding, Kabira Mobility is expected to further strengthen its position in the market and expand its reach across the country.
The startup claims it is transforming urban transportation with smarter, cleaner, and more connected solutions. Their electric bikes, the KM3000 and KM4000, are the fastest and longest-riding in India, equipped with state-of-the-art technology and features that make them appealing to a wide range of riders, and constantly exploring new segments of the mobility market to provide integrated transportation systems that make city life easier and more efficient.