A Pakistani startup, Zyp Technologies, has announced that it would manufacture 8,000 electric motorcycles (e-bikes) with prices ranging from Rs. 150,000 to Rs. 450,000. According to the details, Zyp Technologies has raised $1.2 million as seed capital investment led by Indus Valley Capital, an early-stage venture capital fund investing in Pakistani startups.
The company has established an assembly line that will produce 8,000 e-bikes annually to meet the demand of customers. Furthermore, the company plans to establish a network of 4,000 charging stations across Pakistan.
With the country’s current economic condition and high fuel costs, e-bikes will help a lot of people save money and eliminate air-polluting emissions as well, providing a much more environmentally friendly method of commute.
According to Zyp Technologies’ website, the company is working on two different e-bikes, which include the Zyp Utility Motorcycle (ZUM 2000) and the MAGVUS 3000.
Zyp Utility Motorcycle (ZUM 2000)
The motorcycle offers a comfortable ride for daily commute with rugged and premium parts.
Features
- 2000 W Premium Quality Hub Motor
- 1.8KWH Swappable Battery
- 70KM Battery Swap Range
- Rear and Front Disk Brakes
- Anti-theft Alerts on Mobile Phones
- 75km/h Top Speed
MAGVUS 3000
The second model being worked on is a more premium and modern design with following feature:
- Powerful 3000W Mid-Drive Motor
- 120 KM Swap Range
- 2 x 1.8KWH Swappable Batteries
- Front and Rear Disk Brakes
- Premium Parts
- Top Speed 85km/h
It is pertinent to mention that the caretaker government increased the price of petrol by Rs. 14.91 per litre, while price of high-speed diesel (HSD) was jacked up by Rs. 18.44 per litre during the last fortnight review.
The current price of petrol in Pakistan is Rs. 305.36 per litre and diesel is being sold at Rs. 311.84 per litre.
Read more: Latest Petrol Prices in Pakistan – 1 September 2023
To make matters worse, it is expected that another hike of Rs. 10 per litre or above will take place from 16th September 2023 due to depreciation of the Pakistani Rupee (PKR) against the US Dollar (USD).
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