Sokudo Electric
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Sokudo Electric India Pvt. Ltd.[1] is an Indian two-wheeler manufacturer, based in Greater Noida. The two-wheeler company focuses on designing, developing, manufacturing, and selling high-quality, innovative electric two-wheelers. Sokudo Electric was co-founded by Prashant Vashishtha and Nishant Vashishtha, who jointly invested in the project. Its headquarters and new plant are located in Greater Noida, Uttar Pradesh. It also has an active branch office in Indore, Madhya Pradesh.
History
[edit]Prashant Vashishtha,[2][3][4] a two-wheeler enthusiast, began exploring alternative automotive solutions in November 2019. During the lockdown, the cofounder of the EV startup[5] realized the immense potential of the Indian Electric Vehicle (EV) market, which further encouraged him to analyze the EV segment and the scope of India's best electric scooter.
The company was founded in 2021 as a private limited company with around 50 employees, primarily comprising the R&D team. The brand's inaugural electric two-wheeler, the Acute, underwent 32 modifications to integrate customer feedback. In April 2024, the company expanded its team size by recruiting a dedicated sales team and beginning its operations.
The company is currently operational in approximately 100 locations[6][7] across India, including Tier-I and Tier-II cities such as Delhi,[8] Noida, Ghaziabad, Surat, Ahmedabad, Indore, Ujjain, Jalgaon, Mathura, Agra, and Prayagraj. The brand's top 05 electric scooter dealerships[9] are concentrated in Northern India, keeping up with the increasing demand for EVs in the region. The company has around 110 people with expertise in various fields such as plant operations, sales, quality analysis, and customer service.
Production & Infrastructure
[edit]Plant Details
[edit]Sokudo Electric India has a 20,000-square-foot motor and controller plant[10] in Greater Noida that supports its R&D activities. The plant is a part of the company's strategic move to achieve Zero Quality Defects in its electric scooters and manufacture 'Made in India' vehicles at affordable rates and propel electric vehicle development.[11] The in-house facility allows Sokudo Electric to design prototypes and test new motors and controllers more efficiently to prevent product issues after testing and trials.
Investments
[edit]Sokudo Electric was co-founded by Prashant Vashishtha[12] and Nishant Vashishtha with an initial capital of approximately INR 100 crore. The electric vehicle two-wheeler manufacturer has invested around INR 5.5 crore in each of its four high-speed electric models, Acute, Acute 2.2, Rapid 2.2, and Select 2.2,[13] and one advanced low-speed model, Plus. Sokudo Electric has allocated around INR 1 crore for ICAT certification and another 4 crore for market trials and practices. The company is seeking funds to support its future growth and plans for the future of electric two-wheelers in India.
Products
[edit]Acute
[edit]Sokudo Acute[14] comes with a range of 150 km on a single charge and a top speed of 70 km/h. It allows riders to switch to three modes, offering a top speed of 40 km/h, 55 km/h, and 70 km/h, respectively. The scooter priced at INR 1,04,890 has a reverse mode, and it can move backward at a top speed of 9 km/hr. The scooter features a 3.1 kWh lithium type (LFP) battery pack that comes with a 3-year warranty. The removable fireproof battery can be fully charged within 5 to 7 hours.
Acute 2.2
[edit]The electric scooter is available at INR 89,889 and features a lithium (LFP) battery pack with a capacity of 2.2 kWh that has a warranty of 3 years. The Acute 2.2 also offers a range of up to 100 km and allows a top speed of 60–70 km/h. Its battery can be fully charged within 4–5 hours.
Select 2.2
[edit]The Select 2.2 is priced at INR 85,889 and offers a range of up to 100 km. Riders can experience three riding modes—Eco, Normal, and Sport—and enjoy a top speed of up to 70 km/hr. It comes equipped with a removable Lithium (LFP) battery pack that has a capacity of 2.2 kWh and a warranty of 3 years. The scooter's battery pack needs a charging time of 4–5 hours.
Rapid 2.2
[edit]This high-speed Sokudo Electric model offers a range of up to 100 km and a top speed of 70 km/hr. The electric scooter is priced at INR 79,889 and offers three riding modes: Eco, Normal, and Sport. It features a Lithium (LFP) battery with a capacity of 2.2 kWh. The battery pack comes with a warranty of 3 years and needs a charging time of 4–5 hours.
Plus
[edit]Sokudo Plus[15] is a non-RTO model that is powered by lithium and available at INR 59,889. The two-wheeler offers a range of up to 105 km[16] and allows three riding modes: Eco, Normal, and Sport. The Plus model comes with a lead/lithium battery pack. Its lead variant battery pack comes with a warranty of 1 year and a charging time of 8–9 hours, whereas the lithium variant comes with a 3-year warranty and a charging time of 5–6 hours.
These electric scooters are equipped with a 15-amp converter and powered by smart fireproof lithium ferrophosphate batteries. These specifications ensure safety by eliminating the risks involved with NMC batteries. The vehicles also feature CANBUS connectors for real-time monitoring, which makes maintenance easier. Sokudo Electric comes with a running cost of 9 paise per kilometer.[17] It also offers a 3-year warranty on the battery and a 5-year warranty on its scooters, which help it remain affordable E-scooters.[18] Sokudo Electric customers can buy electric scooters online or at dealership stores.
Other Services
[edit]Sokudo Electric offers riding accessories, including ISI-certified helmets[19] for male and female riders. The helmets for male riders[20] are available at INR. 949/-, and those for female riders are priced at INR. 1,017/-. The company also offers accessories such as anti-theft alarms, Internet-of-Things (IoT) devices, front and back guards, footrests, mats, and chrome rear view mirrors for scooters. The riding accessories account for 1-2% of the company's annual revenue.
Partnerships
[edit]Sokudo Electric has partnered with OEM players such as Anand Mando, EMF, JK Tyre, and other prominent names. The company has also been associated with technology partners and research institutions from Japan and Italy to enhance product development, quality, and market reach.
References
[edit]- ^ Electric, Sokudo. "Sokudo Electric".
- ^ "Sokudo Electric Scooter Founder Prashant Vashishtha Story | Greater Noida | पॉजिटिव स्टोरी-ट्यूशन पढ़ाकर गुजारा करता था, आज 100 करोड़ टर्नओवर: भाई के साथ मिलकर इलेक्ट्रिक स्कूटर लॉन्च किया, हर महीने 10 करोड़ की सेल | Dainik Bhaskar".
- ^ "पॉझिटिव्ह स्टोरी- ट्युशन घेऊन उदरनिर्वाह करायचो, आज 100 कोटींची उलाढाल:भावासोबत लॉन्च केली इलेक्ट्रिक स्कूटर, दर महिन्याला 10 कोटींची विक्री". Divya Marathi Bhaskar. Retrieved 2024-10-23.
- ^ "પોઝિટિવ સ્ટોરીઃ પહેલાં ટ્યૂશન લેતો હતો, આજે 100 કરોડનું ટર્નઓવર:ભાઈ સાથે લૉન્ચ કર્યું ઇલેક્ટ્રિક સ્કૂટર, દર મહિને 10 કરોડનું વેચાણ". Retrieved 2024-10-23.
- ^ "The Indian EV startup navigating short-lived government subsidies". Rest of World. July 8, 2024.
- ^ "Sokudo Electric To Open 100 Flagship Stores Across India By FY 24-25". Mobility Outlook.
- ^ "EV बनाने वाली इस कंपनी ने किया बिजनेस बढ़ाने का ऐलान; खोलेगी 100 नए स्टोर". Zee Business Hindi. Retrieved 2024-10-23.
- ^ "Sokudo Electric Targets 200 Vehicle Sales For Diwali, Opens Flagship Store In Delhi". Mobility Outlook.
- ^ India, Energética (August 1, 2024). "Sokudo Electric to Set Up 100 Flagship Stores Across India by FY 24-25 - Asia Pacific | Energetica India Magazine". Energetica India Magazine, India Energy News, Renewable Energy News, Conventional Power Generation, Companies Guide...
- ^ "Sokudo Electric to establish 20,000 sq. ft. motor and controller plant for electric scooters in Greater Noida". Zee Business. April 24, 2024.
- ^ "Sokudo Electric's new facility to propel electric two-wheeler development - Manufacturing Today India". April 27, 2024.
- ^ Leader, The Weekend. "From a Small Town to Ruling the Roads with a Rs 45 Crore Turnover Electric Two Wheeler Brand". www.theweekendleader.com.
- ^ "Sokudo launches two electric scooters, prices start from Rs 59,889". The Economic Times. February 29, 2024.
- ^ "कैसा है Sokudo Acute इलेक्ट्रिक स्कूटर? जानें किन खासियतों से है लैस और कितनी है इसकी रेंज". Zee News.
- ^ Lodha, Rakesh (September 3, 2024). "OLA की कट्टर दुश्मन बनी Sokudo Plus इलेक्ट्रिक स्कूटर, माइलेज और रेंज के मामले में सबकी बाप".
- ^ Gonsalves, Michael (March 1, 2024). "Sokudo rolls out e-scooters up to 105km range". www.deccanchronicle.com.
- ^ "Sokudo Electric Collaborates with Kiku Sharda to Drive Festive Sales of Electric Scooters - Brand License". License India.
- ^ "Sokudo Electric's Affordable E-Scooters Hit Indian Roads, Aims To Capture 15-20 Percent Market Shares". News18.
- ^ "Sokudo Electric launches new range of helmets". June 27, 2024.
- ^ "Sokudo Electric launches new helmet line for riders - ET Auto". ETAuto.com.