Business Update! HOP Electric Mobility Reveals Year-End Perspective & Future Goals

Jaipur, Rajasthan - December 22, 2023, HOP Electric Mobility defines the brand’s ambition and passion. Moreover, the company is driven by innovation towards sustainability. Thus, it has achieved significant milestones in 2023 and promises even greater strides in the year ahead.
 

Following are the updates from HOP which highlight the milestones they achieved. 
 

Liquid-Cooled Batteries

HOP's commitment to R&D is reflected in its cutting-edge liquid-cooled battery packs. They are a technological leap that extends battery life and has extended warranties – a first in the industry. This not only boosts user confidence but also highlights HOP's dedication to long-lasting, reliable mobility solutions. 
 

Market Presence Propels Growth

Riding the wave of a rising EV market, HOP has enjoyed impressive growth, surpassing the sector's overall trajectory. They sold over 1.2 million electric two-wheelers in India within the first ten months of 2023. Moreover, with a projected market size of INR 35,000-40,000 crores by FY26, the future looks bright for the entire industry. HOP, with its three successful e-vehicles – LEO and LYF scooters, and OXO motorcycle – will further capitalize on this growth.
 

Entering a Sustainable Era With Nimbus

Looking ahead, HOP is gearing up for the launch of its revolutionary Nimbus platform in the upcoming fiscal year. This platform displays HOP's dedication to environmental consciousness, featuring rare earth-free magnet electric motors, which is a commitment to clean energy initiatives.
 

Collaboration is Key

Recognizing the importance of a robust ecosystem, HOP drives a collaborative approach in the EV industry. Mr. Sameer Aggarwal, CEO & Founder of Revfin Services, stated this sentiment, highlighting the year 2023 as "the year of consolidation" for the sector. The efforts from OEMs, financial institutions, and the government towards creating a conducive environment for EV adoption pave the way for a transformative future.
 

A Year of Accomplishments

As HOP Electric Mobility steps into 2024, it does so with a strong track record of innovation, a commitment to sustainability, and a vision for a greener future. With exciting new products in the pipeline, HOP is determined to become a leading force in shaping Indian transportation.

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