Top Electric Two-Wheeler Companies

Skyquest Technology's expert advisors have carried out comprehensive research and identified these companies as industry leaders in the Electric Two-Wheeler Market. This Analysis is based on comprehensive primary and secondary research on the corporate strategies, financial and operational performance, product portfolio, market share and brand analysis of all the leading Electric Two-Wheeler industry players.

Electric Two-Wheeler Market Competitive Landscape

The global electric two-wheeler market is primarily driven by strong government intervention aimed at reducing carbon emissions from urban transport. Rising air pollution, dependence on imported fuel, and climate commitments have pushed authorities to introduce purchase subsidies, tax exemptions, scrappage incentives, and preferential registration policies. Since these programs lower the effective ownership cost, consumers find electric scooters and motorcycles financially comparable to petrol models, which directly increases demand. Growing adoption then encourages manufacturers to expand capacity and launch affordable variants, causing component suppliers and battery producers to localize operations. This ecosystem development further reduces prices and strengthens long-term market momentum.

Industry Overview

According to SkyQuest Technology “Global Electric Two-Wheeler Market” By Vehicle (Electric Motorcycle, Electric Scooter), By Sharing System (Docked, Dockless), By Battery, By Region - Industry Forecast 2026-2033,” Global electric two-wheeler market is projected to grow at a CAGR of over 10.2% by 2033, on account of urgent need for automating quantified data. A decisive factor shaping the market is the continuous improvement in battery performance and supporting charging infrastructure. As lithium-ion cells gain higher energy density and longer life cycles, electric two-wheelers deliver greater range, faster acceleration, and lower maintenance requirements.

Top 10 Global Frozen Food Companies

Company

Est. Year

Headquarters

Revenue

Key Services

Yadea Group

1997

Wuxi, Jiangsu

USD 3.95 Billion (2024)

Electric scooters, electric motorcycles, electric bicycles, lithium battery solutions, dealership network, after-sales service, spare parts distribution

NIU Technologies

2014

Beijing, China

USD 460 Million (2024)

Smart electric scooters, IoT-connected mobility, mobile app services, battery management systems, retail sales, maintenance services, fleet solutions

Gogoro

1866

Taoyuan, Taiwan

USD 944 Million (2024)

Electric scooters, battery-swapping network, energy subscription services, smart mobility platform, fleet management, vehicle servicing

Ather Energy

2013

Bengaluru,

Karnataka

USD 350 Million (2024)

Electric scooters, fast-charging network, connected vehicle software, battery technology, retail experience centers, after-sales maintenance

Ola Electric

2017

Bengaluru,

Karnataka

USD 750 Million (2024)

Electric scooters, battery technology, charging infrastructure, direct-to-consumer sales, software services, vehicle servicing

TVS Motor Company

1911

Chennai,

Tamil Nadu

USD 4.47 Billion (2024)

Electric two-wheelers, conventional motorcycles, financing services, dealership sales, spare parts, maintenance network

Bajaj Auto

1945

Pune,

Maharashtra

USD 4.75 Billion (2024)

Electric scooters, motorcycles, financing partnerships, dealer services, spare parts supply, export services

Hero MotoCorp

1984

New Delhi,

Delhi

USD 4.68 Billion (2024)

Electric two-wheelers, dealership network, financing solutions, service workshops, spare parts, mobility accessories

Okinawa Autotech

2015

Gurugram,

Haryana

USD 395 Million (2024)

Electric scooters, battery solutions, dealership sales, maintenance services, charging support, fleet offerings

Revolt Motors

2019

Gurugram,

Haryana

USD 140 Million (2024)

Electric motorcycles, AI-enabled connectivity, battery swapping support, subscription plans, service network, mobile app services

1. Yadea

Yadea Group is a leading global manufacturer of electric two-wheelers and sustainable mobility solutions, focused on providing affordable and energy-efficient transportation for urban consumers. Founded in 1997, the company has expanded into one of the world’s largest producers of e-scooters, e-motorcycles, and e-bicycles with an extensive presence across Asia, Europe, and emerging markets. Its core capabilities include lithium battery integration, intelligent vehicle design, and large-scale manufacturing supported by a wide dealer and service network. Recently, Yadea has increased investment in smart connectivity, high-performance batteries, and international brand expansion to strengthen its competitive position.

2. NIU Technologies

NIU Technologies is a global provider of smart electric two-wheeler solutions, recognized for integrating intelligent connectivity with sustainable urban mobility. Founded in 2014, the company has established a strong presence across China, Europe, and several international markets through a combination of online sales and premium retail stores. Its core offerings include electric scooters equipped with IoT-enabled systems, cloud-based vehicle management, and proprietary lithium battery technology designed for efficiency and safety. Recently, NIU has focused on expanding its product portfolio, strengthening fleet and sharing partnerships, and enhancing software-driven user services to support long-term growth and innovation.

3. Gogoro

Gogoro is a pioneering technology company specializing in electric two-wheelers and advanced battery-swapping ecosystems designed for sustainable urban transportation. Established in 2011, the company has grown into a global innovator with operations across Taiwan and expanding partnerships in Asia and Europe. Its core offerings include smart electric scooters, modular battery packs, and an extensive network of automated swapping stations supported by cloud-based energy management. Recently, Gogoro has accelerated international collaborations with vehicle manufacturers and governments, aiming to replicate its open battery platform in new markets while promoting cleaner mobility and reduced dependence on fossil fuels.

4. Ather Energy

Ather Energy is an Indian electric mobility company focused on designing intelligent and high-performance electric scooters for urban commuters. Founded in 2013, the company has emerged as a prominent innovator with a growing presence across major cities through experience centers and a proprietary fast-charging network. Its core offerings include connected electric scooters powered by advanced battery systems, over-the-air software updates, and a digital platform that enhances vehicle diagnostics and user experience. Recently, Ather Energy has expanded manufacturing capacity, strengthened its public charging infrastructure, and introduced new models to accelerate adoption of sustainable two-wheeler transportation.

5. Ola Electric

Ola Electric is a rapidly growing Indian electric vehicle manufacturer dedicated to accelerating the transition to sustainable mobility through innovative two-wheeler solutions. Established in 2017, the company has built one of the world’s largest electric scooter production facilities and serves customers across India through a digital-first sales model. Its core offerings include high-performance electric scooters, in-house battery technology, software-enabled vehicle features, and an expanding hyper-charging network. Recently, Ola Electric has increased investment in cell manufacturing, new model development, and localized supply chains to strengthen affordability and scale adoption of clean personal transportation.

6. TVS Motor Company

TVS Motor Company is a globally recognized manufacturer of two-wheelers and three-wheelers, increasingly focused on advancing electric mobility alongside its traditional product portfolio. Established in 1911, the company operates extensive manufacturing and distribution networks across Asia, Africa, and Latin America, serving millions of customers worldwide. Its core offerings include motorcycles, scooters, electric two-wheelers, spare parts, financing partnerships, and comprehensive after-sales services. Recently, TVS Motor Company has accelerated investment in electric vehicle platforms, battery technology, and connected features while expanding dedicated EV dealerships to strengthen its position in the evolving sustainable transportation market.

7. Bajaj Auto

Bajaj Auto is one of India’s largest two-wheeler manufacturers with a growing strategic focus on electric mobility and sustainable transportation solutions. Founded in 1945, the company has built a strong global footprint across Asia, Africa, and Latin America supported by an extensive dealer and service network. Its core offerings include motorcycles, scooters, electric two-wheelers under the Chetak brand, spare parts distribution, financing partnerships, and export operations. Recently, Bajaj Auto has expanded electric vehicle production capacity, invested in localized supply chains, and strengthened charging and retail infrastructure to accelerate adoption of cleaner mobility alternatives.

8. Hero MotoCorp

Hero MotoCorp is one of the world’s largest two-wheeler manufacturers, increasingly committed to advancing electric and sustainable mobility solutions. Established in 1984, the company operates a vast distribution and service network across India, Asia, Africa, and Latin America, serving a diverse customer base. Its core offerings include motorcycles, scooters, electric two-wheelers, spare parts, financing services, and comprehensive after-sales support. Recently, Hero MotoCorp has strengthened its electric vehicle strategy through new product launches, technology partnerships, and investments in charging infrastructure and battery development to support long-term transition toward cleaner personal transportation.

9. Okinawa Autotech

Okinawa Autotech is an Indian electric two-wheeler manufacturer focused on delivering affordable and practical mobility solutions for everyday commuters. Founded in 2015, the company has developed a nationwide presence through an expanding dealership and service network across urban and semi-urban markets. Its core offerings include electric scooters, lithium battery systems, charging support, spare parts, and maintenance services designed to lower operating costs for consumers and fleet users. Recently, Okinawa Autotech has increased investment in localized manufacturing, new model development, and battery technology partnerships to enhance product reliability and support wider adoption of electric transportation.

10. Revolt Motors

Revolt Motors is an Indian electric motorcycle company focused on introducing intelligent and connected mobility solutions for modern riders. Established in 2019, the company has built a growing presence across major Indian cities through a combination of online sales and dedicated retail hubs. Its core offerings include electric motorcycles with AI-enabled features, mobile app connectivity, battery-swapping compatibility, subscription ownership plans, and an expanding service network. Recently, Revolt Motors has concentrated on strengthening manufacturing capacity, enhancing vehicle performance through software updates, and broadening its dealership footprint to accelerate adoption of electric motorcycles in the mass market.

Other Leading Global Electric Two-Wheeler Companies

  • Simple Energy
  • Ampere Vehicles
  • Ultraviolette Automotive
  • Vmoto
  • Silence
  • Zero Motorcycles
  • LiveWire
  • Energica Motor Company
  • Piaggio Group
  • Yamaha Motor Company

Conclusion

The global electric two-wheeler market is entering a decisive growth phase supported by policy incentives, technological progress, and expanding consumer acceptance. Continuous improvements in battery efficiency, charging accessibility, and connected vehicle features are making electric models practical for daily mobility and commercial fleets. Leading manufacturers are strengthening localized production, service networks, and software capabilities to secure competitive advantage. Collaboration among automakers, energy providers, and governments is further accelerating ecosystem development and cost reduction. As urbanization and sustainability priorities intensify, electric two-wheelers are expected to become a mainstream transport solution, reshaping personal mobility while contributing to emission reduction and energy transition goals.

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Global Electric Two-Wheeler Market size was valued at USD 60.83 Billion in 2024 and is poised to grow from USD 67.04 Billion in 2025 to USD 145.8 Billion by 2033, growing at a CAGR of 10.2% during the forecast period (2026–2033).

Gogoro Limited, Hero Electric Vehicles Pvt. Ltd., Jiangsu Xinri E-Vehicle Co. Ltd., VMOTO SOCO ITALY SRL, Yadea Group Holdings Ltd., AIMA Inc., Ather Energy Limited, Bajaj Group, BMW AG, Greaves Electric Mobility Limited, Helbiz, Jiangsu Xinri E-Vehicle Co., Ltd, Kawasaki Motors Corp., U.S.A, Niu International, Ola Electric Mobility Ltd, TVS Motor Company, Vmoto Limited, Yadea Technology Group Co., Ltd, Zero Motorcycles Inc.

The key driver of the electric two-wheeler market is the increasing demand for eco-friendly and cost-effective transportation, driven by rising fuel prices, government incentives and subsidies, stringent emission regulations, and growing urbanization that favors compact, sustainable mobility solutions.

A key market trend in the electric two-wheeler market is the adoption of advanced battery technologies, including lithium-ion and solid-state batteries, along with connected and smart features, offering longer range, faster charging, and enhanced performance for consumers.

Asia-Pacific accounted for the largest share in the electric two-wheeler market, driven by high demand in countries like China and India, supportive government policies, growing urbanization, and increasing adoption of affordable and sustainable transportation solutions.

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Global Electric Two-Wheeler Market
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Report ID: SQMIG25D2015

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