It began with wanting to unravel a commuting drawback that prompted Pushkar Phatak to develop his personal e-bike and its design turned a dialog subject when he rode it to work. Many individuals who noticed his bike requested if he might additionally make one for them, and that was how Pushkar realised the potential of his e-bike. Collectively together with his school pal Amit Sondhit, they went on to ascertain an organization the place promoting these e-bikes turned 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 primarily based in Boston, US. Inform us in regards to the wonderful progress of Watt Wagons e-Bikes.
Like a number of start-ups, we began out of a storage constructing bikes with our personal arms. 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 fervour for driving. We now have been worthwhile for 2 years now and are engaged on new applied sciences that can be sport changers within the rider ecosystem. Ranging from one product, we now have a portfolio of various bikes catering to all kinds of use instances. 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 unravel his commuting drawback. He realised he was onto one thing when somebody at a site visitors cease requested him about his bike and whether or not he might construct the identical for them. Toying round with concepts, he simply noticed that whereas there have been so many merchandise available in the market, there have been hardly any that certified as dependable, severe or, in some instances, simply plain practical. He went to the whiteboard and out got here some extremely profitable works of pure engineering!
He based Watt Wagons and obtained engaged on securing design and vendor relationships after getting nice suggestions from a number of lovers! He went for the holy grail to show the reliability of Watt Wagons — a Guinness World File! After all, together with kudos, it resulted in lots of issues to work on to broaden Watt Wagons.
I’ve been Pushkar’s pal 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 subsequent degree. The corporate moved to a a lot larger 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 just a few of the early backers of Watt Wagons?
Watt Wagons is organically funded by us however we’d be remiss if we didn’t acknowledge a few of the early backers who put their religion in us and positioned orders for a few of the greatest e-bikes on the planet. There have been a number of our loyal prospects who believed in us from the start and ordered primarily based 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 modern and “clever” is the engineering behind these bikes?
We deal with defining the know-how of the longer term. After we began, we had 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 technology of our e-bikes boasts ultra-light carbon fibre frames with top-of-the-line elements and full suspension functionality. We even supply inner gear hubs to scale 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 should utilize an EV charging station identical 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 report. 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 report on the Final Commuter Professional e-Bike (Now Helios). Our e-bike accomplished 400 miles in 24 hours utilizing underneath a greenback of electrical energy. We had been flagged off by Prof. Dahn, head of battery analysis for Tesla. We had been lined on Canadian and US information channels.
You might be bullish in regards to the progress of the e-bike market, which numbers and analysis papers do you have got readily 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 shops (like Electrek) which are targeted on electrical automobiles usually.
How do you outline sustainability? How modern is your imaginative and prescient and the measurement instruments you have got put in place there?
Our seriousness about sustainability is what led us right here to start with. We need to remodel commuting by way of extra environmentally sustainable options wherever doable. Our imaginative and prescient is to switch a serious a part of car site visitors with a extra sustainable and more healthy different. Due to this fact, we targeted on constructing merchandise which are dependable for hundreds of miles and want minimal upkeep to create true automotive-grade replacements for fuel automobiles. Each mile ridden on our e-bike is greener and cheaper than conventional fuel 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 now have some methods to go earlier than we contemplate an IPO. There are particular merchandise in our pipeline that we need to see to fruition earlier than we determine 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 just lately began onboarding sellers as effectively. LUXUO readers should purchase our merchandise on-line and be a part of our different prospects from 25+ international locations. If , they’ll additionally contact us to turn out to be resellers.
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