The Pune-based company, partly owned by entrepreneur Kapil Shelke and his father, and funded by two angel investors -- Ankit Bhati and Bhavesh Agrawal of Ola Cabs in their personal capacities -- has so far developed five prototypes of electric bike and the one it plans to commercialise is the fifth model called T6X.
Shelke promises its ride will be nothing less than that to a 125-150 cc motorcycle. Shelke has amibtious plans of selling the 10,000 T6X motorcycles within the 1st year of launch. To this end, he is putting finishing touches to Tork's manufacturing plant in Chakan, Pune.
Electric bike maker Tork Motorcycles has raised angel funding for an undisclosed amount from a host of marquee investors including Ola founders Bhavish Agarwal, Ankit Bhati and a group of angels led by Harpreet Grover, the chief executive and co-founder of CoCubes.