Watt Wagons Takes E-Bikes to a New Frontier
It began with wanting to resolve a commuting downside that prompted Pushkar Phatak to develop his personal e-bike and its design grew to become a dialog matter when he rode it to work. Many individuals who noticed his bike requested if he may additionally make one for them, and that was how Pushkar realised the potential of his e-bike. Collectively along with his school buddy Amit Sondhit, they went on to determine an organization the place promoting these e-bikes grew to become their newfound ardour.
Forward, Amit shares with us extra about Watt Wagons, its bikes and the way they set a brand new Guiness World File.
You might be based mostly in Boston, US. Inform us concerning the wonderful development of Watt Wagons e-Bikes.
Like loads of start-ups, we began out of a storage constructing bikes with our personal palms. Over the course of three years, we’re a well-established model within the high-performance section. We now have moved to an 8,000 sqft institution and employed staff to construct and repair electrical bikes. We now have additionally began a 5-star rated e-bike service firm “ebike.rehab” to “heal” electrical bikes, construct relationships, upsell, and additional the eagerness for driving. We now have been worthwhile for 2 years now and are engaged on new applied sciences that will probably be recreation changers within the rider ecosystem. Ranging from one product, we now have a portfolio of various bikes catering to all kinds of use circumstances. We’re taking a look at multiplying final 12 months’s gross sales!
How did the thought of manufacturing luxurious e-bikes come to Pushkar Phatak, the founding father of the corporate?
Pushkar constructed his first e-bike to resolve his commuting downside. He realised he was onto one thing when somebody at a site visitors cease requested him about his bike and whether or not he may construct the identical for them. Toying round with concepts, he simply noticed that whereas there have been so many merchandise out there, there have been hardly any that certified as dependable, critical or, in some circumstances, simply plain useful. He went to the whiteboard and out got here some extremely profitable works of pure engineering!
He based Watt Wagons and acquired engaged on securing design and vendor relationships after getting nice suggestions from loads of lovers! He went for the holy grail to show the reliability of Watt Wagons — a Guinness World File! In fact, together with kudos, it resulted in lots of issues to work on to develop Watt Wagons.
I’ve been Pushkar’s buddy since undergrad, and had been working with him on a bunch of different issues, together with one other firm, after we determined to collaborate and take Watt Wagons to the following stage. The corporate moved to a a lot greater workshop from a storage and out got here the brand new state-of-the-art merchandise, new web site and model technique, NHL participant endorsements and media protection.
Are you able to title a couple of of the early backers of Watt Wagons?
Watt Wagons is organically funded by us however we’d be remiss if we didn’t acknowledge among the early backers who put their religion in us and positioned orders for among the finest e-bikes on the earth. There have been loads of our loyal clients who believed in us from the start and ordered based mostly on our superior ideas. Their orders helped us construct our basis and helped in scaling up.
What are the important thing propositions of Watt Wagons e-bikes? How progressive and “clever” is the engineering behind these bikes?
We concentrate on defining the expertise of the long run. After we began, we have been the primary to introduce excessive powered titanium commuter e-bike with belt drive, the one which we used to set a brand new Guinness World File. The subsequent era of our e-bikes boasts ultra-light carbon fibre frames with top-of-the-line elements and full suspension functionality. We even supply inside gear hubs to cut back upkeep. We modify the motors with our superior controllers to make them extra dependable, environment friendly and enjoyable. Our newest product, the Hound, is the one journey e-bike platform that gives onboard charging — you need to use an EV charging station similar to your electrical automotive!
In the summertime of 2019, Watt Wagons travelled to Halifax with rider Ravi Kempaiah to set a brand new Guinness world file. Are you able to inform us extra there?
In the summertime of 2019, Watt Wagons travelled to Halifax NS with rider Ravi Kempaiah to set a brand new Guinness world file on the Final Commuter Professional e-Bike (Now Helios). Our e-bike accomplished 400 miles in 24 hours utilizing below a greenback of electrical energy. We have been flagged off by Prof. Dahn, head of battery analysis for Tesla. We have been coated on Canadian and US information channels.
You might be bullish concerning the development of the e-bike market, which numbers and analysis papers do you’ve gotten available which maintain your imaginative and prescient?
We usually comply with analysis papers from totally different consulting/information organisations (like McKinsey and Forbes) and on-line information from totally different retailers (like Electrek) which might be centered on electrical automobiles typically.
How do you outline sustainability? How progressive is your imaginative and prescient and the measurement instruments you’ve gotten put in place there?
Our seriousness about sustainability is what led us right here to start with. We need to remodel commuting by means of extra environmentally sustainable options wherever doable. Our imaginative and prescient is to interchange a serious a part of car site visitors with a extra sustainable and more healthy different. Subsequently, we centered on constructing merchandise which might be dependable for hundreds of miles and wish minimal upkeep to create true automotive-grade replacements for gasoline automobiles. Each mile ridden on our e-bike is greener and cheaper than conventional gasoline transportation. Moreover, we’re additionally one of many largest recyclers in our metropolis and have interaction with the native governments to help with the messaging, merchandise and driving change.
Watt Wagons has been a worthwhile firm for the previous three years. Are you aiming for an IPO quickly? The place do you see the corporate in 5 12 months time?
We consider we’ve some methods to go earlier than we contemplate an IPO. There are specific merchandise in our pipeline that we need to see to fruition earlier than we resolve to go public. We recognise that we’re nonetheless a smaller participant and need to set up ourselves because the de facto leaders in our area with a broader gamut of merchandise earlier than going public.
The place ought to our LUXUO readers go to purchase a Watt Wagons e-bike? Who’re your resellers? Do you additionally promote on-line?
We ship worldwide and have lately began onboarding sellers as nicely. LUXUO readers should buy our merchandise on-line and be part of our different clients from 25+ nations. If , they will additionally contact us to develop into resellers.
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