June 15, 2024
Top 10 electric motorcycle manufacturers in Asia
The electric motorcycle market in Asia is expected to grow at a compound annual growth rate (CAGR) of over 10% in the coming years.
As of 2023, the market value is estimated to be in the billions of dollars, with projections indicating substantial increases as more consumers and businesses adopt electric vehicles.
Annual sales of electric motorcycles and scooters in Asia are in the millions, with leading countries such as China, India, and Japan contributing the most to this volume.
In this article, we will explore the top 10 electric motorcycle manufacturers in Asia.
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Best-list of top 10 electric motorcycle manufacturers in Asia
The top 10 electric motorcycle manufacturers in Asia in 2024 includes:
- NIU (China)
- Yadea (China)
- Ather Energy (India)
- Hero Electric (India)
- Okinawa (India)
- Gogoro (China)
- Sunra (China)
- Emflux Motors (India)
- Bajaj Auto (India)
- Terra Motors (Japan)
NIU
Official website: https://www.niu.com/us/
NIU, founded in 2014, is a leading provider of smart urban mobility solutions. Based in Beijing, China, NIU specializes in the design, manufacture, and sales of smart electric scooters. The company’s mission is to redefine urban mobility and improve the environment by reducing the reliance on fossil fuels.
NIU electric scooters are equipped with advanced lithium-ion batteries from Panasonic, Samsung, and LG. They feature smart connectivity, allowing users to monitor the scooter’s status, battery life, and location through a mobile app. The scooters also include regenerative braking systems and efficient electric motors.
As one of the top 10 e-scooter manufacturers in China, NIU has seen rapid growth since its inception, expanding its market presence to over 40 countries. The company went public on the NASDAQ in 2018, reflecting its strong financial performance and growth potential. NIU continues to innovate and expand its product lineup to cater to the growing demand for electric mobility solutions.
Yadea
Official website: https://yadea.com/
Yadea, founded in 2001, is one of the largest manufacturers of electric two-wheelers in China. The company produces electric scooters, bicycles, and motorcycles, with a strong emphasis on innovation and quality.
Yadea electric vehicles are equipped with advanced lithium batteries, smart controllers, and high-efficiency motors. The company emphasizes research and development, integrating IoT technology to enhance the user experience. Yadea also focuses on sustainable manufacturing practices.
Yadea is a market leader in China and has a significant international presence. The company continues to expand its global footprint, with sales networks in over 80 countries. Yadea’s commitment to innovation and sustainability has helped it maintain a strong market position and drive growth. It is also one of the top 10 electric motorcycle manufacturers in Sri Lanka.
Ather Energy
Official website: https://www.atherenergy.com/
Founded in 2013 by Tarun Mehta and Swapnil Jain, Ather Energy is a prominent electric scooter manufacturer in India. The company is headquartered in Bangalore and focuses on creating high-performance electric vehicles with smart features.
Ather Energy is renowned for its cutting-edge technology, including the Ather Grid (a network of fast-charging stations), over-the-air software updates, and a robust mobile app for vehicle management. The scooters feature high-performance lithium-ion batteries, efficient electric motors, and smart connectivity.
As one of the top 10 electric motorcycle manufacturers in India, Ather Energy has established a strong presence in the Indian market, with significant investments from companies like Hero MotoCorp.
The company is expanding its manufacturing capacity and charging infrastructure to meet growing demand. Ather’s focus on innovation and customer experience has positioned it as a leader in India’s electric mobility sector.
Hero Electric
Official website: https://heroelectric.in/
Hero Electric, a subsidiary of Hero Eco Group, is one of the oldest and largest electric vehicle manufacturers in India. Established in 2007, Hero Electric has a wide range of electric two-wheelers catering to different segments of the market.
Hero Electric scooters are equipped with efficient electric motors, lead-acid, and lithium-ion batteries. The company focuses on providing reliable and cost-effective mobility solutions. Hero Electric is also working on expanding its charging infrastructure and battery swapping options.
Hero Electric has a strong market presence in India, with a vast dealership network and service centers across the country.
The company is continuously expanding its product portfolio and investing in R&D to improve its offerings. Hero Electric aims to lead the transition to electric mobility in India by providing affordable and sustainable transportation options.
Okinawa
Official website: https://okinawascooters.com/
Okinawa Autotech, founded in 2015, is an Indian electric two-wheeler manufacturer headquartered in Gurugram. The company focuses on providing high-performance electric scooters and motorcycles with a blend of technology and affordability.
Okinawa scooters are equipped with advanced lithium-ion batteries, efficient BLDC motors, and smart connectivity features. The company emphasizes safety, performance, and sustainability in its product design. Okinawa also focuses on providing robust after-sales support and service.
Okinawa has quickly established itself as a key player in the Indian electric two-wheeler market. The company has a growing network of dealerships and service centers across India.
Okinawa is also expanding its manufacturing capacity and investing in R&D to develop new models and technologies. The company’s commitment to quality and customer satisfaction has helped it achieve significant growth.
Gogoro
Official website: https://www.gogoro.com/
Founded in 2011 by Horace Luke and Matt Taylor, Gogoro is a Chinese company known for its innovative electric scooters and battery-swapping infrastructure. Gogoro aims to transform urban mobility by providing sustainable and convenient transportation solutions.
Gogoro is renowned for its battery-swapping technology, which allows users to quickly exchange depleted batteries for fully charged ones at GoStations. The scooters feature high-performance electric motors, smart connectivity, and advanced safety features. Gogoro’s focus on sustainability extends to its manufacturing processes and materials.
Gogoro has established a strong presence in China and is expanding its operations globally. The company has formed partnerships with major automotive and technology companies to enhance its offerings and reach new markets.
Gogoro’s innovative approach to urban mobility and commitment to sustainability have positioned it as a leader in the electric vehicle industry.
Sunra
Official website: https://www.sunraev.com/
Sunra, officially known as Jiangsu Xinri E-Vehicle Co., Ltd., was founded in 1999 and is headquartered in Wuxi, China. The company is one of the largest electric two-wheeler manufacturers in China, producing a wide range of electric scooters, motorcycles, and bicycles.
Sunra electric vehicles are equipped with high-capacity lithium-ion batteries, efficient brushless DC motors, and smart controllers. The company focuses on integrating advanced technology to enhance the performance, safety, and convenience of its products. Sunra also emphasizes eco-friendly manufacturing practices.
Sunra has a significant market presence in China and exports its products to over 70 countries worldwide. The company continues to invest in R&D to develop innovative products and expand its global footprint.
Sunra’s commitment to quality and customer satisfaction has helped it maintain a strong position in the electric two-wheeler market.
Emflux Motors
Official website: https://emfluxmotors.com/
Emflux Motors, founded in 2016 by Varun Mittal and Ankit Khatry, is an Indian startup focused on developing high-performance electric motorcycles. Based in Bangalore, Emflux aims to revolutionize the Indian motorcycle industry with cutting-edge electric technology.
Emflux Motors is known for its advanced battery technology, high-performance electric motors, and innovative design. The Emflux One features a liquid-cooled AC induction motor, lithium-ion battery pack, and a sophisticated battery management system. The motorcycle also includes a smart dashboard with GPS navigation, real-time diagnostics, and connectivity features.
Emflux Motors is still in its early stages but has generated significant interest and anticipation within the industry. The company has plans to expand its product lineup and increase production capacity to meet the growing demand for high-performance electric motorcycles in India and beyond. Emflux is also working on establishing a network of fast-charging stations to support its vehicles.
Bajaj Auto
Official website: https://www.bajajauto.com/
Bajaj Auto, founded in 1945 and headquartered in Pune, India, is one of the largest two-wheeler manufacturers in the world. The company produces motorcycles, scooters, and auto rickshaws and has a strong presence in the global market. Bajaj is known for its innovation, quality, and performance.
Bajaj Auto’s electric vehicles are equipped with advanced lithium-ion batteries, efficient electric motors, and smart connectivity features. The Chetak Electric, for instance, includes a regenerative braking system, intuitive controls, and a robust chassis. Bajaj focuses on providing reliable and efficient electric mobility solutions.
Bajaj Auto has a strong market presence in India and exports to over 70 countries. The company continues to innovate and expand its product lineup to cater to the growing demand for electric vehicles.
Bajaj’s extensive distribution network and strong brand reputation position it well to capitalize on the shift towards electric mobility.
Terra Motors
Official website: https://terramotors.co.jp/
Founded in 2010 and headquartered in Tokyo, Japan, Terra Motors is a leading manufacturer of electric two-wheelers and three-wheelers. The company focuses on developing eco-friendly and high-performance electric vehicles for the global market.
Terra Motors integrates advanced battery technology, efficient electric motors, and smart connectivity features into its vehicles. The company’s focus on innovation and sustainability is evident in its product design and manufacturing processes. Terra Motors also emphasizes safety and reliability in its electric vehicles.
Terra Motors has a growing presence in Asia, with a focus on expanding its market share in key regions. The company is investing in R&D to develop new models and enhance its existing product lineup. Terra Motors’ commitment to quality and sustainability has helped it establish a strong reputation in the electric vehicle industry.
Conclusion
The electric two wheeler industry in Asia is poised for robust growth, driven by technological advancements, supportive government policies, and increasing consumer awareness of environmental issues.
As infrastructure improves and costs decrease, the adoption of electric motorcycles is expected to accelerate, making them a vital part of the region’s transportation landscape.
Nancy
Nancy has worked hands-on with battery swap infrastructure for electric two- and three-wheelers since 2021, including deployment projects in South Asia. She regularly consults on EV fleet electrification and has contributed technical specifications to multiple swapping station manufacturers. Her market analysis is grounded in direct collaboration with importers, dealers, and RMV registration data.
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