Mysore, Karnataka
Toutche, one of
the fastest-growing e-bike start-ups in India, announced its expansion into new
markets and its dynamic growth plans for overseas. The company will continue to
grow its presence in India while simultaneously expanding its geographic
footprint worldwide. It expects good growth in the UK and EU regions.
Toutche has
named its UK entity in London as its international headquarters. The entity in
London will be strategic to the company’s global plans and supply chain
operations. It will build a new operating framework for international markets.
Speaking on the
development, Raghu Kerakatty, CEO, Toutche, said, “The demand for e-bikes has
surged after COVID-19. The pandemic is accelerating the need for individual
mobility solutions worldwide.”
He further said,
"e-bike sales are expected to reach an estimated 30 million in Europe by
2030, growing at a CAGR of 26% between 2024 and 2030. With Europe as our target
market, Toutche will be the first to enter Europe with its own brand and ‘Made
in India’ e-bikes. We have set our sight in capturing a greater pie of this
fast-growing e-bike segment with a goal of being one of the Top 10 e-bike
brands globally by 2026.”
Toutche is known
for its high-quality and superiorly designed e-bikes. The company has the Heileo range of e-bikes and aims to sell over
75,000 e-bikes by 2024 in India along with new launches. It has a state-of-the-art manufacturing and
R&D centre established in Mysore. With significant investments in R&D,
manufacturing and brand-building activities, Toutche is poised to be a major
force in key international markets.
Source – Toutche Press Release
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