Kabira Mobility Secures Fresh Investment From Al Abdullah Group

Kabira Mobility, a Goa-based electric bike manufacturer announced a $50 million investment from Al-Abdulla Group (Qatar) at an undisclosed valuation to accelerate its domestic market growth and ramp up the production of its KM3000 and KM4000 electric motorcycles. The company says that the investment will enable Kabira Mobility to ramp up its delivery capabilities, as well as expand its manufacturing infrastructure by scaling up its manufacturing capacity at its Dharwad plant and setting up a state-of-the-art electric bike manufacturing plant in Uttar Pradesh to meet the growing demand of the North Indian market.

Jaibir Siwach, CEO, Kabira Mobility said, "Our relentless focus on R&D for the past five years on powertrain and technology development has paved the way for Kabira Mobility and will enable us to capture almost 30 per cent of the electric bike segment and emerge as an industry leader by 2025.”

In addition, Kabira Mobility is planning to expand its national presence by ramping up its store network from 30 to 100 by the end of the year. This expansion strategy aims to not only increase customer traffic but also provide a premium retail experience that will ultimately translate into higher sales and greater market share, the company said. In line with its growth strategy, Kabira Mobility is also investing in research and development for its products, the next generation of powertrain and battery pack technology for its upcoming electric bike models.

Furthermore, Kabira Mobility will also be introducing a range of new products that include the KM5000, an electric cruiser bike with a range of 330 km, is one of the flagship models that will be launched soon, most likely next month. In addition to this, the Pro variants of the KM3000 and KM4000, featuring a mid-drive powertrain will also be released.