HOP Electric Mobility's flagship product, HOP OXO receives more than 5000 bookings before Commercial Launch from Dealer Partners

●        HOP Electric Mobility's dealer partners hailing from 14 Indian states spread across 140 touchpoints gave encouraging responses to HOP OXO

●        At the current pace, HOP Electric Mobility expects to sell more than 50,000 units this year

●        HOP OXO has successfully cleared ARAI tests and completed rigorous 100,000 km of road testing in 20 cities

Jaipur – 27th July 2022: HOP Electric Mobility, India's fastest-growing electric vehicle manufacturer, has received an astounding response for its flagship high-speed electric bike, HOP OXO. This pioneering product is likely to be launched in August this year. The booking window was opened briefly for HOP Electric Mobility's dealer partners to pre-order the first production batch. And, already 5000 units have been pre-booked even before the commercial launch. For now, the company has closed the booking window. 

 

"During the #OXOSNEAKPEEK program, we received great response and feedback. We did anticipate demand, but clocking 5000 bookings from our dealer partners even before the commercial launch is overwhelming, to say the least. For now, we have put the next booking window for dealer partners on hold as retail bookings will open soon. We are gearing up our supply chain and production facilities to accelerate the deliveries. At the current pace, we expect to sell more than 50,000 electric two-wheelers over the next 12 months," said Rajneesh Singh, Chief Marketing Officer, HOP Electric Mobility.

It is pertinent to note that earlier this year, the premier automotive R&D organisation, Automotive Research Association of India (ARAI), affiliated with the Ministry of Heavy Industries, certified HOP OXO post conducting all possible tests, including AIS 156 for batteries. The ARAI Certification is a testament to HOP Electric Mobility's orientation towards its vehicles' reliability, performance, quality and safety.

Under the #OXOSNEAKPEEK program, the company has completed 1,00,000 km of road testing across 14 Indian states. HOP OXO has been designed and developed indigenously in compliance with FAME II norms. Notably, the company has been giving test rides of HOP OXO at several of its dealership touchpoints in India.

"We and our extended family, including dealer partners managing HOP Experience Centres across 140 touchpoints, are committed to accelerating the adoption of sustainable mobility solutions in India. Our growing portfolio of electric two-wheelers, including high-speed HOP OXO and another electric scooter in the pipeline, is a progressive step in that direction," added Rajneesh

It is predicted that HOP Electric Mobility will gain immediate traction for the HOP OXO in India because of its 140 HOP dealerships. The company has been on a dealership opening spree. During the last six months, it has inaugurated over 60 new dealerships in India.

For the unversed, HOP Electric Mobility has recently closed a strategic round of USD 2.6 million as part of its ongoing USD 10 million pre-series fundraise. The company has also become the mandate holder of the Government of India's (GOI) ambitious Production Linked Incentive (PLI) scheme for auto under the new Non-Automotive Investor (OEM) category.