The future of the mobility industry
An electric bike is a flexible mode of transportation in which consumers are choosing as an ideal substitute for scooters, smart cars, and public transportation.
Here are some factors that are leading to the rising popularity of electric bikes:
- Tackling traffic congestion
- Smaller size transportation allows versatility for its use and management
- Attaining higher speed with lesser effort
- Health benefits by keeping physical peddling activity
Electric bicycles, scooters, skateboards, among other devices being used for mobility are in high demand because of those listed reasons. As a result, the EV transportation market keeps striving to evolve and adapt to the expected market growth forecasted in a couple of years. The Asia Pacific Market is no exception.
Various companies around the Asia Pacific are already noticing consumers looking for a substitute for shared public transportation, which spiked during the COVID pandemic. Users limiting the contact with others helped public safety. However, people aren’t just looking for one, they are looking to get into the manufacturing market, so how can it be done?
HOW MUCH DOES IT COST TO MANUFACTURE AN ELECTRIC BIKE?
Production for an international market is different than starting at a local level. In a competitive market, investment can be the biggest factor to choose where to start manufacturing electric bicycles. Starting manufacturing from scratch could mean millions of dollars in the machinery, testing the best supply chain available for your product, designers, among other activities as welders, a finishing team, engineers, machinists, and everything to assemble, logistical measurements, and sales departments.
Not to mention the most important aspect: the battery. Having to work with the various companies across the industry that are taking different measures to develop the best options in the battery technology area, trying to control the consequences of the demand for raw battery materials, such as the plan to obtain cobalt-free batteries that can maintain safety and longevity specifications.
SOLUTIONS FOR MAKING YOUR IDEA A REALITY
A better way to get into manufacturing electric bicycles is to contact a design team with proper experience. A company like ARRK has the team, the machinery, and the global development infrastructure to handle your project into the goals you wish to achieve.
Get in contact with our team and rise with the fitness & recreational activity interest with the right team for you.