Acer Enters Indian EV Market With E-Scooter Priced At 99,999

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Acer, a Taiwanese electronics company, has ventured into India’s electric scooter market, unveiling its MUVI 125 4G scooter at Rs 99,999. This e-scooter, designed and produced by the urban mobility startup Think Ebikego, is tailored for B2B applications like food and grocery deliveries. Acer’s entry into this sector pits it against established players like Ola Electric, Ather Energy, Hero Electric, and TVS.

Think Ebikego, based in Mumbai, will manufacture electric two- and three-wheelers for Acer under a licensing deal. The MUVI 125 4G scooter, which boasts swappable batteries, is eligible for both central and state government subsidies, according to Acer.

Source: Acer website

Jade Zhou, Acer’s vice president of global strategic alliances, remarked on the brand’s commitment to sustainability and innovation, expressing enthusiasm for the scooter’s upcoming market debut.

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In related news, Ola Electric recently introduced new scooters and has plans for electric bikes by 2024’s end. Ather Energy, another significant market player, is expanding into Nepal and recently secured Rs 900 crore in funding from Hero MotoCorp and Singapore’s sovereign wealth fund GIC. Hero, already a major Ather shareholder, held a 34.2% stake before this recent investment.

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