DYNEM begins construction of World's Biggest Integrated Electric Cycle Gigafactory in India

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May 09, 2024, 09:00 ET

Following in the footsteps of global giants in cell phone sales and electric vehicle manufacturing, India-based startup DYNEM by EMotorad is poised to revolutionize e-bike industry with construction of world's biggest integrated e-bike gigafactory in India

PUNE, India, May 9, 2024 /PRNewswire/ -- In 2017, the world's largest phone seller first started assembling its phones in India. Since then, the company has made significant advancements and is gradually moving its manufacturing to India. India now reportedly produces 20% of its global productions and exports worth $10 billion.

Tech-giant and leading American EV manufacturer too are reported to be seeking a site for its $3 billion factory in India. They've been scouting for locations in Gujarat and Maharashtra.

India-based startup DYNEM by EMotorad begins constructing the world’s biggest integrated e-bike factory in Maharashtra.

With all critical elements in place, like working population, infrastructure, intellectual capital, and more, India is showing huge manufacturing potential. India is ready to host the 'World's Biggest E-cycle Integrated Gigafactory' named DYNEM.

Spanning across four phases of development and an initial manufacturing capacity of 500,000 e-bikes annually, DYNEM is expected to manufacture EV components like batteries, motors, displays, and chargers in-house starting August 2024. In line with industry 4.0 standards and built on Gen-2 platforms, the gigafactory is slated to amp up production to 4X by the end of its 4-year completion.

"DYNEM is strategically poised to serve as a one-stop e-solution for U.S. and European e-bike companies. With advanced battery technology, cutting-edge motor systems, and comprehensive logistical support, we ensure that we meet the expansive needs of these markets with precision and reliability," said Rajib Gangopadhyay, Co-Founder and Corporate Strategist, EMotorad.

India has the least amount of import duties, customs, and tariff for importers from Europe and the USA, which go as low as 0 to 2.5%. DYNEM's potential to allow e-bike companies to find manufacturers with low tariff and legal anti-dumping solutions that give an edge to e-bike companies procuring from India.

DYNEM is a complete e-bike manufacturer that provides drive train solutions, including an initial production capacity of 500,000 e-bikes per year or battery, motor, display and charger to meet the exact requirements and the spares.

DYNEM is set to be the biggest integrated e-bike factory in the world. While most manufacturers produce one component at scale, the combination of all elements and mechanical components of an e-bike makes them poised to gain substantial market share in the global e-bike landscape.

Photo: https://mma.prnewswire.com/media/2408596/DYNEM_e_bike_factory.jpg

SOURCE DYNEM by EMotorad