Ninety One Cycles
Ninety One Cycles is a bicycle and e-bike manufacturer based in India.
Contents
History
Ninety One Cycles was started in 2015 by two brothers, Sachin and Vishal Chopra, who returned to India from Silicon Valley to launch their own business ventures after getting their MBAs at Wharton.[1]
The business manufactures and sells mid to premium range bicycles in India. Its range includes mountain bikes, all-terrain bikes, and fat-tire bikes, and bikes for children. It has factories in Ahmedabad in Gujarat with capacity for up to 18,000 bicycles a month.[2] Ninety One also produces Meraki e-bikes in India.[3][4][5][6]
Ninety One cycles are sold via its website and through dealers across India (1000 stores across 500 cities).[7]
The company has been funded by Fireside ventures, A91 Partners and Avaana Capital.[8][9]
News
In April 2022, Ninety One cycles was featured by Forbes India in its special report[10] on D2C brands in India
References
- ↑ "Brothers Return From Silicon Valley, Launch Low-Cost E-Bikes That go 35Km on One Charge" (in en). 2021-03-11. https://www.thebetterindia.com/250738/meraki-ebike-ev-electric-bike-specs-battery-range-alphavector-startup-mumbai-sustainable-silicon-valley-nor41-2/.
- ↑ "Inside Ninety One Cycles’s premium bike dream". https://themorningcontext.com/business/inside-ninety-one-cycless-premium-bike-dream.
- ↑ "Meraki is an e-bike ‘made for India’, says company founder" (in en). 2020-11-08. https://indianexpress.com/article/technology/tech-news-technology/meraki-is-an-experience-is-made-for-india-says-e-bike-company-founder-6973071/.
- ↑ "Ninety One Cycles Launches Meraki S7 E-Bike For INR 34,999" (in en). https://www.financialexpress.com/express-mobility/ninety-one-cycles-launches-meraki-s7-e-bike-for-inr-34999/2438043/.
- ↑ "Indian e-bicycle firm AlphaVector launches its first e-bike Meraki" (in en-US). https://www.dealstreetasia.com/stories/alphavector-meraki-214438/.
- ↑ "महज 30,000 रुपये की कीमत में लॉन्च हुई इलेक्ट्रिक साइकिल, सिंगल चार्ज में चलेगी 35km" (in hi). https://www.jagran.com/automobile/latest-news-meraki-launched-a-new-electric-cycle-with-range-of-35-km-price-just-rs30000-21027606.html.
- ↑ Reporter, B. S. (2021-12-22). "Lifestyle, mobility brand Ninety One raises Rs 225 cr in Series A round". Business Standard India. https://www.business-standard.com/article/companies/lifestyle-mobility-brand-ninety-one-raises-rs-225-cr-in-series-a-round-121122200521_1.html.
- ↑ "Mobility firm Ninety One raises ₹225 crore" (in en-IN). The Hindu. 2021-12-22. ISSN 0971-751X. https://www.thehindu.com/business/mobility-firm-ninety-one-raises-225-crore/article38014787.ece.
- ↑ Laghate, Gaurav. "Cycle maker Ninety One raises Rs 225 crore from A91 Partners, existing investors". The Economic Times. https://economictimes.indiatimes.com/industry/auto/auto-news/cycle-maker-ninety-one-raises-rs-225-crore-from-a91-partners-existing-investors/articleshow/88418054.cms.
- ↑ "Forbes India - Ninety One Cycles: Putting A Dent In India's Cycling Culture" (in en). https://www.forbesindia.com/article/2022-d2c-brands/ninety-one-cycles-putting-a-dent-in-indias-cycling-culture/75417/1.
