Tag: Ankit Kumar

Indo British’ Electric Mobility brand GoZero Mobility welcomes the Enhanced Trade Partnership (ETP)
Business World, News

Indo British’ Electric Mobility brand GoZero Mobility welcomes the Enhanced Trade Partnership (ETP)

May 5, 2021 by Rekha Nair 0 Comments #Ankit Kumar, #CEO, #GoZero Mobility

New Delhi: Gozero Mobility, a British performance electric bicycle and active wear maker, is in high spirits as the UK Finalises GBP 1 Billion worth Trade Deals with India, creating over 6,500 jobs in Britain. The five key areas it will focus on are the people-to-people relationship, trade and prosperity, defence and security, climate action and healthcare. The UK companies clinching export deals with India include Morningside Pharmaceuticals with an R&D pact, Kloudpad with a data centres deal, BP in a partnership with Infosys and GoZero Mobility with an e-bicycles deal.

The manufacturer has its headquarters in Birmingham and manufacturing base in Kolkata, India. The India team currently has 22 employees, some of which have been hired from elite B-schools in India. At present GoZero is present in over 60 cities in India with a large retail network. The company recently collaborated with Reliance Digital (India’s largest electronics retail company) to extend its presence to 500+ cities. Within just 11 months of its entry into the Indian market, the company became “Best Sellers” on Amazon in the eBike category.

Commenting on the future plan on investment in UK & India, GoZero Mobility’s CEO, Ankit Kumar, said, “Gozero Mobility plans to invest GBP 7 Million in the UK market to expand research and development activities, increase retail footprint and set up local assembly units.

In this endeavour, GoZero aims to create 100 unique jobs in the next 5 years in the UK market mainly in the new product development segment.

GoZero aims to sell over 80,000 units in the next 5 years in the UK market contributing to a reduction of ~50,000 tonnes of CO2 (Carbon reduction).

Furthermore, GoZero Mobility plans to invest GBP 10 Million (~INR 100 Crores) in the Indian market to expand manufacturing and retail presence GoZero will also boost exports to neighbouring markets such as Bangladesh, Dubai, Sri Lanka and Nepal.

Towards this, GoZero aims to create 250 unique jobs in the next 5 years in the Indian market.

GoZero aims to sell over 150,000 units in the next 5 years in the Indian market contributing to a reduction of ~80,000 tonnes of CO2 (Carbon reduction).”

As per the recent news The ETP will set the ambition to double the value of UK-India trade by 2030 and future UK-India trade deal will support hundreds of thousands of jobs and boost the economies of both the UK and India by potentially lowering or removing current tariffs such as those of up to 150 per cent on whisky and up to 125 per cent on automotive as well as on other British products.

GoZero Mobility
Business World

GoZero Skellig E-bikes deliveries impacted due to the agricultural bill protests in Punjab

Nov 28, 2020 by Neel Achary 0 Comments #Ankit Kumar, #British Electric Bike makers, #CEO, #GoZero Mobility

New Delhi: GoZero Mobility- a British Electric Bike makers, known for manufacturing premium electric performance bikes and signature lifestyle merchandise has recently announced a shift in delivery dates of its e-bikes from 25th November to 14th December.

Owing to the agricultural bill protests in Punjab, majority of the trains have been cancelled which has resulted in shortage of raw materials and component availability.

Commenting on the current situation in Punjab, GoZero Mobility’s CEO, Ankit Kumar, said “It’s unfortunate that due to the protests in Punjab, all form of logistics have been highly impacted resulting in high number of train cancellations thus impacting the movement of raw materials and components of the e-bikes.  Our vendors are working on priority to help us with the components and this shall soon be resolved. We deeply regret the inconvenience caused to our customers and dealer partners because of such circumstances. We are thankful to all our customers and dealer partners who have pre-booked Skellig series and have continued their trust in the Brand. We are working to begin Skellig deliveries from 14th December.”

GoZero made an entry into the Indian market in 2019 with two models – the One and the Mile, which has done extremely well. Overwhelmed by the demand and market sentiments, GoZero has recently launched its first series of performance wear e-bike Skellig Lite, Skelling, Skelling Pro. The new Skellig series by GoZero is available for pre-orders on GoZero website and the deliveries will begin from 14th December.

J. Sagar Associates
Business World

Baring Private Equity Asia invests in RBL Bank

Nov 18, 2020 by Gouri Achary 0 Comments #Ankit Kumar, #Baring Private Equity Asia, #Bir Bahadur S., #CDC Group, #Gaja Capital, #Harman Khorana, #ICICI Prudential Life, #J. Sagar Associates (JSA), #Maple II B.V., #RBL Bank Limited (“RBL Bank”), #Vikram Raghani

J. Sagar Associates (JSA) advised Maple II B.V. an investing entity of Baring Private Equity Asia, on its investment in RBL Bank Limited (“RBL Bank”) for an aggregate consideration of approximately INR 1000 crores. The investment is part of a larger fundraise of INR 1565 crores by RBL Bank. Other investors include CDC Group, Gaja Capital and ICICI Prudential Life.

RBL Bank is a private sector bank incorporated in the year 1943 (erstwhile known as Ratnakar Bank). RBL Bank currently offers specialized services under six business verticals namely: Corporate & Institutional Banking, Commercial Banking, Branch & Business Banking, Retail Assets, Development Banking and Financial Inclusion, Treasury and Financial Markets Operations. The shares of RBL Bank are currently listed on the National Stock Exchange of India Limited and BSE Limited.

JSA Team comprised Partners – Vikram Raghani and Bir Bahadur S. Sachar and Associates – Ankit Kumar and Harman Khorana.

Regards,
JSA BrandComm

Business World

GoZero Mobility on Overdrive to Adopt the Indian Masses to ‘Go Fit, Go Zero’

Nov 4, 2020 by Gouri Achary 0 Comments #Ankit Kumar, #Go Fit, #Go Zero’, #GoZero Mobility

GoZero Mobility- a British manufacturer of premium electric performance bikes will soon be extending its premium range to the greater parts of the Indian population.

GoZero’s existing product line, comprising two models – the One and the Mile, has done extremely well in the market. GoZero’s One and Mile are currently available at Rs. 30,999 and Rs.27,999 respectively. Overwhelmed by the demand and market sentiments, GoZero after an extensive R&D is gearing up to launch a line of performance commuter segment e-bikes and its first series of performance wear for the Indian market.

The new models are being designed specially to increase the accessibility of its premium e-bikes, with the objective to promote fitness and eco-friendly commuting amongst the public, especially in light of the unfortunate situation that the pandemic has put us in.

Ankit KumarGoZero Mobility’s CEO, Ankit Kumar, said, “The upcoming models are built for performance and daily commute. Designed in Great Britain and manufactured in India, our e-bike is a perfect combination of Indo-British craftsmanship. With the new models, we are aiming to offer an all-new product experience to the riders; After a year of hard work, GoZero has innovatively combined all functionalities and yet has been able to strike the perfect product price balance. There’s a lot in the store for the consumers which will be revealed soon.

India, being one of the world’s largest markets for bicycles, would find it easy to get more people across all communities to adopt e-bikes in their daily life thanks to the GoZero’s optimum product placement of the upcoming line-up. Furthermore, having our brand awareness becoming entrenched in the market as the current existing fleet has done extremely well, we anticipate a demand increase of 150% for the upcoming models in this festive season. Considering our presence in both retail outlets and e-commerce platforms, we believe our expectations to be met.’

Mr. Ankit said, ‘the Government of India has given significant focus towards the adoption of electric mobility, especially among 2-wheelers, indicating that the market is right for the launch of newer models catering to each and every demographic segment. Currently, due to the pandemic, e-bikes have seen a surge in popularity all across the globe since they have become the go-to solution for quick, safe and environment-friendly intra-city commutation, while still maintaining the necessary social distancing and being friendly on the wallet.

We predict that e-bikes will be playing a significant role in transforming the way the Indian population is going to commute, even in better times post the pandemic. The country is moving more towards active mobility to be healthy and fit. Keeping this in mind, we have worked to make GoZero’s product with the highest efficiency in terms of energy consumption and performance. Even our series of performance wear is rightly placed to meet consumer needs and expectations.