Company Name : Tork Motorcycles
Funding Amount : Undisclosed
Investor(s) Bhavish Agarwal, Ankit Bhati, Harpreet Grover.
Funding Round : Angel round
Tork Motorcycles, the company developing electric motorcycle, has raised angel funding from a host of marquee investors including Ola founders Bhavish Agarwal, Ankit Bhati and a group of angels led by Harpreet Grover, CoCubes Co-Founder & CEO.
Tork Motorcycles is focusing its efforts on creating practical electric mobility solutions for India. The startup is in the closing stages of the prototyping and certification procedures of India’s first electric motorcycle. Named T6X, the motorcycle is being developed as a serious electric option to petrol-engine motorcycles.
Tork was founded by Kapil Shelke, a mechanical engineer with a passion for racing. Kapil has built 5 motorcycle prototypes at Tork Motors before. The team has strengths in transportation design, engineering and industrial design, automotive design, automotive electronics and embedded systems.
Kapil Shelke, Founder, Tork Motorcycles, says, “We are building India’s first electric motorcycle and are targeting its launch by this year. The motorcycle will solve the rider’s pain points with several value added features like GPS, storage, cloud connectivity and phone charging making it also a first smart motorcycle in India”
The company began its foray into electric motorcycles in 2009, when its motorcycle won a place on the podium – the Electric TT race at the Isle of Man, a Mecca for motorcycling enthusiasts.
The demand for electric two wheelers is expected to be around 1.3mn by 2020-21.