logo
Celebrity Capital Meets EV Disruption: Suniel Shetty, KL Rahul, Ahan Shetty & Akshai Varde Join Forces to Launch Exelmoto

Celebrity Capital Meets EV Disruption: Suniel Shetty, KL Rahul, Ahan Shetty & Akshai Varde Join Forces to Launch Exelmoto

PNN
Mumbai (Maharashtra) [India], June 26: The electric mobility revolution in India just got aspirational---and a whole lot faster, cleaner, and cooler. Founded by designer and Automative Entrepreneur, Akshai Varde, Exelmoto is backed by a strategic all-star founding team comprising actor-entrepreneur-mentor Suniel Shetty, cricket sensation KL Rahul, and youth icon Ahan Shetty---bringing together a rare mix of credibility, cool, and cross-generational influence.
A rare founder-investor coalition blends star power with startup thinking to scale electric commuting across India's urban and semi-urban heartlands.
Exelmoto today announced the start of its pre-order window from June 28 for a limited batch of 999 Ebikes, each available for booking at a token amount of Rs 499 on https://www.exelmoto.com .
These are not traditional electric scooters---they are Ebikes, categorised as electric cycles equipped with pedal assist systems that allow riders to stay active while significantly reducing their carbon footprint, delivering one of the lowest costs per kilometre in the electric mobility segment.
What sets them apart is their patented design---a unique blend of motorcycle-inspired styling with the agility and convenience of a cycle. Built using premium components and offering unmatched fit-and-finish, Exelmoto's Ebikes are proudly manufactured in India and are not just high on functionality---they're certified head-turners built for riders who want performance, style, and sustainability in one powerful ride.
CELEBRITY-LED TRUST & COOL FACTOR: "Ride the Future" is not just a statement, it's Exelmoto's tagline---capturing the brand's vision to redefine how India rides.
Suniel Shetty's association with Akshai goes back to when Akshai first designed a custom bike for Ahan's debut film Tadap and later redesigned some of Suniel's personal motorcycles that he still drives today.
Over the years, Suniel witnessed firsthand Akshai's meticulous craftsmanship, innovative design philosophy, and unwavering commitment to excellence. This deep personal trust and understanding of Akshai's exceptional capabilities, combined with his two decades of industry experience and clear vision for sustainable mobility, led Suniel and his family to invest in Exelmoto.
Speaking about Exelmoto, Suniel Shetty, entrepreneur and mentor, said, "I've watched Akshai create magic with metal and design over the years. When he shared his dream of clean, stylish mobility for India, I knew we had to be part of it. For the first time, I'm working with my sons, Ahan and KL Rahul, on a project, and it feels right that it's something focused on a cleaner future. Exelmoto represents more than just transportation; it's about reshaping how India moves forward. We believe caring for our environment should be effortless, stylish, and genuinely accessible to everyone. This is proudly made in India, designed for India, and it's something we're genuinely proud to be part of."
KL Rahul, known for his focus on performance and discipline, added, "I believe in performance---on the field and on the road. And, I believe in products that blend purpose with performance. Exelmoto ticks all the boxes.With Exelmoto, we're giving India a reliable, stylish, and affordable ride built for our kind of hustle. This initiative aligns with what many Indians are looking for---smart, clean, and future-ready ways to move."
Ahan Shetty, addressing younger consumers, said, "This is for my generation---bold, smart, and conscious of the planet. We're proud to be part of a brand that doesn't just follow trends but sets them---both in how it looks and what it stands for. I ride Exelmoto because it reflects who we are---innovative, fearless, and future-focused."
Speaking about the company's vision, Akshai Varde, Founder and CEO of Exelmoto, said, "We designed Exelmoto to be a bridge between aspiration and accessibility. This isn't just an EV. It's a movement. Our goal is to make green commuting aspirational, affordable, and proudly Indian. With over two decades of experience in premium motorcycle design and manufacturing, I wanted to create an Ebike that delivers the thrill of a motorcycle, the freedom of a cycle, and the convenience of a mobile device. The result is a patented, precision-built product that's as beautiful to look at as it is powerful to ride. Engineered for India, backed by Indian icons, Suniel, KL Rahul & Ahan, and built to serve both cities and small towns---Exelmoto is how the future moves."
WHAT MAKES EXELMOTO A CATEGORY BREAKER:
Exelmoto's debut includes two unisex Ebikes---E1X Sky and E2R Rosso---designed with patented motorcycle-inspired frames, blending the build quality of a bike with the ease and accessibility of a cycle.
Unlike standard e-scooters, these Ebikes feature pedal assist, allowing riders to stay fit while significantly reducing their carbon footprint. They offer the lowest cost per kilometer among electric two-wheelers in their category.
Key highlights include:
* Rugged fat-tyre styling with premium finish and street appeal
* Removable, easy-charge lithium battery (home/office compatible)• 40--60 km range per charge
* No registration or license required
* Lightweight frame tailored to Indian road conditions
* Designed for students, professionals, delivery riders, and families
* Introductory price under ₹42,000 (post-pre-order phase)
"Ready Before the World Catches On" -- Campaign Rollout Begins:
The pre-booking kickstarted with a spectacular campaign that encapsulates the vision stating "Ready Before the World Catches On." Ride the Future!
The campaign highlights India's rising need for clean, smart, and stylish transport.
Rooted in authenticity and driven by aspiration, The overarching campaign theme, "Catch Up. Or Better... Pre-Book", showcases how Exelmoto isn't waiting for the world to adapt. It's already riding into the future--with India's most relevant icons leading the way. It taps into the desire for status, speed, and sustainability, while being accessible and cross-generational.
EXPANSION & ROADMAP:
Beyond the pre-order campaign, Exelmoto will activate a robust, nationwide dealer distribution and service network--designed not just for reach, but for long-term rider confidence. This model reflects the brand's commitment to building a future-ready EV ecosystem where accessibility meets accountability. By integrating seamless delivery with dependable after-sales support, Exelmoto aims to redefine ownership expectations in the electric mobility space and set new benchmarks for trust and service in the Ebike category.
POST-ORDER ROADMAP:
Following the pre-order campaign, Exelmoto will activate a nationwide dealer distribution and service network--designed not just for reach, but for long-term rider confidence. The company's roadmap includes expanding pre-order access, fulfilment, and local activations across Tier 1 and Tier 2 cities, including Mumbai, Delhi, Ahmedabad, Pune, Bengaluru, Jaipur, Kochi, Chennai, Nagpur, Lucknow Chandigarh, Indore and Hyderabad. Exelmoto will support this rollout with a combination of • Digital-first campaigns • Influencer-led storytelling • On-ground test ride experiences • City-wise community fan engagement
PRE-ORDER DETAILS:
* Pre-Booking Opens: June 28, 2025
* Pre-Order Fee: Rs 499 only
* Units Available: 999 bikes
* Booking Link: https://www.exelmoto.com
* Models Available: E1X Sky & E2R Rosso
* Features: License-Free | Registration-Free | Fat-Tyre Styling | Made in India
ABOUT AKSHAI VARDE & EXELMOTO:
With two decades in premium motorcycle design and manufacturing, Akshai Varde brings an award-winning legacy of innovation, engineering, and entrepreneurship to Exelmoto. At the heart of Exelmoto are patented Ebike designs that are as thrilling to ride as they are effortless to charge---as intuitive as a mobile device. Akshai's deep expertise in manufacturing and industry economics drives Exelmoto's vision to evolve into a global micro-mobility brand built in India, for the world. Exelmoto is headquartered in Mumbai.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Punjab cabinet approves industrial plots conversion
Punjab cabinet approves industrial plots conversion

Indian Express

time16 minutes ago

  • Indian Express

Punjab cabinet approves industrial plots conversion

The Punjab Cabinet on Thursday approved significant amendments to the state's land conversion policy, enabling the conversion of industrial plots into hospitals, hotels, industrial parks, and other permitted uses. A spokesperson from the Chief Minister's Office on Thursday said that earlier conversion policies were introduced in 2008, 2016, and 2021. However, industrial associations had raised concerns about certain restrictive conditions in the 2021 policy. In response, a committee reviewed the requests from industrialists and proposed a set of changes applicable to freehold plots. As per the revised policy, a conversion charge of 12.5 per cent of the industrial reserve price will be levied. Punjab minister Aman Arora told the media after the Cabinet that the amendment in conversion policy will be applicable on industrial plots in focal points and industrial estates. He said there was a huge demand for allowing the conversion. The overall development had come to a standstill due to wrong policies of previous governments. The incumbent government has brought about a conversion policy under which change in land use (CLU) will be allowed for plots in industrial estates for hotels, hospitals, banquet halls, EWS worker housing, hostels, rental housing, office spaces and institutes. These were not allowed in the industrial estates. He said any plot measuring between 1000 to 4000 square yards would be allowed to be converted. He also said that 40,000 square yards plots will be allowed to be converted into industrial parks. Under the conversion, 60 per cent of the area would be used for industrial, 30 per cent for residential and 10 per cent commercial purposes. These would be freehold properties. This will fasten the development. This was a long pending demand. The previous government had not accepted it. Arora said that the new policy will help the state government earn revenue. 'We are not able to make an estimate as of now. We do not know how many plots will be converted. After that we will be able to give an estimate.' Nod for conversion of leasehold industrial properties to freehold The Cabinet also approved a policy for converting leasehold industrial plots and sheds into freehold ones, particularly for plots managed by PSIEC. These plots and sheds, originally allotted on a leasehold basis, included complex clauses related to transfer, leading to complications in property transactions. The new policy aims to streamline industrial estate management, enhance ease of doing business, and reduce litigation and uncertainty among allottees. Additionally, this conversion is expected to generate additional revenue for the state. Aman Arora said that with the new policy 20 per cent of reserved price would have to be paid by the property owner for converting leasehold properties to freehold properties. 'This will help us earn at least Rs 1,000 crore annually,' he said. Amendments to MSE Facilitation Council Rules – 2021 The Cabinet approved amendments to the MSE Facilitation Council Rules – 2021 under the MSME Development Act, 2006. At present, District-level Micro and Small Enterprises Facilitation Councils function under the chairpersonship of the respective Deputy Commissioners. However, delays were noted in the execution of awards related to delayed payments under the Act. In line with Government of India guidelines, a mechanism will now be created for the recovery of such awards as arrears of land revenue under the Punjab Land Revenue Act, 1887. Approval of Amendments to Punjab Water Resources Department Junior Engineers (Group-B) Service Rules The Cabinet approved amendments to the service rules governing Junior Engineers (JE) (Group-B) in the Punjab Water Resources Department. While 15 per cent of JE posts are reserved for promotion, 10 per cent of these are filled from among Junior Draftsmen, Surveyors, Work Mistris, Earth Work Mistris, and others. Now, Canal Patwaris and Revenue Clerks who hold the required qualifications (i.e., a diploma or degree in Civil, Mechanical, or Electrical Engineering from a recognised institution) and relevant experience will also be eligible under this quota. This move will bring experienced personnel into the department and incentivise employees to pursue higher qualifications. Approval to merge various directorates under the finance dept For enhanced administrative efficiency and cost savings, the Cabinet approved the merger of various directorates under the Department of Finance. The Directorates of Small Savings, Banking & Finance, and Lotteries will be merged and renamed as the Directorate of Small Savings, Banking, and Lotteries. DPED and DFREI will be merged and renamed as the Directorate of Public Enterprises and Financial Resources. The Directorates of Treasury & Accounts, Pensions, and NPS will be merged into a single entity: Directorate of Treasury & Accounts, Pension, and NPS. This restructuring is expected to save the state approximately Rs 2.64 crore annually. Approval for creation of new posts for State SNA Treasury The Cabinet also gave consent for the creation of new posts for the State SNA Treasury established in Chandigarh, in accordance with Government of India guidelines. Under centrally sponsored Schemes, funds are now transferred via the SNA SPARSH system. To operationalise the State SNA Treasury, the creation of the following nine posts was approved: district treasury officer, treasury officer, two senior assistants, four clerks, and one peon.

Mumbai unit of DRI nabs Surat man for evading import duty worth Rs 44 crore on walnuts imported from Chile
Mumbai unit of DRI nabs Surat man for evading import duty worth Rs 44 crore on walnuts imported from Chile

Indian Express

time26 minutes ago

  • Indian Express

Mumbai unit of DRI nabs Surat man for evading import duty worth Rs 44 crore on walnuts imported from Chile

Officials of the Mumbai unit of the Directorate of Revenue Intelligence (DRI) on Wednesday arrested a Surat-based businessman for allegedly evading import duty worth Rs 44 crore by showing under-valuation of walnuts imported from Chile. The accused, Sneh Kakadiya, was taken to Mumbai on Thursday on a one-day transit remand. Sources said that following a tip-off, the DRI officials maintained a watch at Surat airport and arrested Sneh as soon as he arrived there. Sources said Sneh and his father are proprietors of different firms in Surat and Mumbai, and are involved in the import of inshell walnuts from Chile. A case against Sneh and his father Dipak Kakadiya was registered with the Mumbai unit of DRI. Sources said the accused had misdeclared the original value of goods, using manipulated invoices. They said the accused had routed the walnuts to the UAE from Chile. Once in the UAE, he allegedly presented lesser value of the goods in the invoices of the firm based in the Middle East nation. Later, the same goods were imported to India showing manipulated invoices, said the sources. During investigation, DRI officials found actual invoices issued by the Chile company, the sources added. Sources in DRI said the consignments were knowingly undervalued at a very low rate before the Customs. The goods, which, on an average, cost more than USD 2.7/Kg, were undervalued at a cost of around USD 1.50/Kg. This involved clearance of more than 3,610 Metric tonnes of inshell walnuts, thus evading a significant Customs Duty worth Rs 44 crore, said the sources. Inshell walnuts are those from which the outer covering has not been removed. During investigation, it was found that Sneh had committed cognizable and non-bailable offence under Section 135 (1) (a) and (b) of the Customs Act, 1962, punishable under section 135 (1) (a) (i) (A) and 135 (1) (b) (i) (A). He was produced before a court by DRI officials and was sent to transit remand for a day.

Pb school edu dept ties up with Canara Bank to provide insurance to over 44,000 MDM cooks
Pb school edu dept ties up with Canara Bank to provide insurance to over 44,000 MDM cooks

Time of India

time34 minutes ago

  • Time of India

Pb school edu dept ties up with Canara Bank to provide insurance to over 44,000 MDM cooks

Chandigarh: Punjab school education department has joined hands with Canara Bank to introduce a comprehensive insurance scheme for its midday meal workers. It promises an accidental insurance cover of Rs 16 lakh and other benefits to 44,301 MDM cook-cum-helpers working in govt schools across the state. An MoU was signed between the directorate of elementary education (midday meal) and Canara Bank (Chandigarh) in this regard here Thursday. School education minister Harjot Bains said the insurance scheme offers comprehensive benefits, including term insurance with Rs 1 lakh coverage for death from natural causes, Rs 16 lakh for death due to an accident, and air accident cover with Rs 18 lakh coverage. Furthermore, the scheme provides hassle-free banking with no minimum balance requirement and an instant overdraft facility of up to Rs 10,000 or 50% of the previous month's net salary credited into their bank accounts to ensure ease and convenience for account holders, he said.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store