#Asia Ola co-founders invest in ‘smart’ electric motorcycle startup Tork

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Tork motorcycle will have several value added features like GPS, storage, cloud connectivity and phone charging

The Tork team

The Tork team

Tork Motorcycles, an Indian startup developing electric motorcycles, has raised an undisclosed sum in angel funding from a host of investors, including Ola Co-founders Bhavish Agarwal and Ankit Bhati, and a group of angels led by CoCubes Co-founder and CEO Harpreet Grover.

“We are building India’s first electric motorcycle and are targeting its launch by this year. The motorcycle will solve the rider’s pain points with several value added features like GPS, storage, cloud connectivity and phone charging making it also a first smart motorcycle in India,” said Founder and CEO Kapil Shelke, who is a mechanical engineer with a passion for racing.

Also Read: Xiaomi is expanding their smart transport empire with bicycles

Tork began its foray into electric motorcycles in 2009, when its motorcycle won a place on the podium – the Electric TT race at the Isle of Man, a Mecca for motorcycling enthusiasts. Since then, it has designed, developed and produced five electric motorcycles, applying its learning from motorsport into practical and reliable electric mobility solutions.

Tork

The startup is in the closing stages of the prototyping and certification procedures of its electric motorcycle. Named T6X, the motorcycle is being developed as a serious electric option to petrol-engine motorcycles.

T6X will have IP over battery management system, control systems, motor tuning, drive train and overall product integration. The motorcycle will enable significant reduction in overall cost of operation.

Harpreet Grover, Co-founder and CEO, Cocubes said, “Electric vehicles are the future. Drop in battery prices, rising sensitivity around emissions and government’s focus on the sector will fuel demand in India. Kapil and the team at Tork Motors have a fabulous 7-year track record in this segment including podium finish at the Mecca of electric racing – Isle of Man. They are using that experience to build a connected motorcycle for the everyday user.”

The post Ola co-founders invest in ‘smart’ electric motorcycle startup Tork appeared first on e27.

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