HOP Electric Mobility funding, investors and company details

HOP Electric Mobility is an emerging Automobile - EV startup from Jaipur, working in the space of HOP Electric Mobility operates in the electric two-wheeler (E2W) segment of India's electric vehicle (EV) industry. Founded by Ketan Mehta, Nikhil Bhatia, Rahil Gupta.

Company: HOP ELECTRIC MOBILITY PRIVATE LIMITED
Sector: Automobile - EV
Location: Jaipur
Founders: Ketan Mehta, Nikhil Bhatia, Rahil Gupta
Total funding raised: ₹20.17 Cr

Company overview

HOP Electric Mobility is an Indian climate-tech startup focused on electric two-wheelers, founded in 2020 and based in Jaipur, Rajasthan. HOP Electric Mobility Private Limited manufactures electric scooters and motorcycles targeting various segments, including the high-speed HOP OXO, mid-speed HOP LEO, and low-speed HOP LYF models. It operates from facilities like HOP Launchpad for R&D in Jaipur and HOP Megaplex manufacturing plant with a 1.2 lakh units annual capacity. The company has expanded to 150+ experience centers across 15+ states, serves over 11,000 customers, and holds approvals under India's PLI scheme as a Champion OEM.HOP aims to accelerate sustainable mobility by redefining commutes with EV products, technologies, and solutions for millions while building a full EV ecosystem covering manufacturing, charging, financing, and services. Long-term goals include shifting 90% of two-wheeler sales to electric by 2030, saving billions of tons of CO2 and oil, with expansions like a 60-acre GigAplex in Neemrana. It has raised $2.6 million in seed funding and promotes eco-friendly, cost-effective scooters with battery-swapping.

Funding rounds

Latest round (Pre Series A): $ 2.60 Mn (₹20.17 Cr.), 2022-05-12