Hop Electric Mobility raises USD 2.6 million in strategic round

Hop Electric Mobility, India's fastest-growing electric vehicle manufacturer, has closed a strategic round of USD 2.6 million as part of an ongoing USD 10 million pre-series fundraiser. The company has achieved the milestone of reaching 105 retail touchpoints with 6200+ on-road scooters in 2021, and with this fundraising, Hop Electric Mobility is targeting 10X growth this year.

At present, Hop Electric Mobility is growing at a month-on-month rate of 50%. The company is hiring across all verticals, especially in the design, engineering, battery, cell, and Research & Development verticals.

Furthermore, Hop Electric Mobility has also embarked on its multi-battery modular platform's design and engineering journey. The company is developing Gen 2 Smart Batteries and Swapping stations. It will roll out two new products on the new platform supported by Gen 2 batteries and a swapping station in FY23.