Magron targets mid-2027 launch for two electric motorcycles, with a third to follow
Bengaluru EV startup Magron is developing the C10, C20 and H35 electric motorcycles. It aims to launch the C10 and C20 by mid-2027, followed by the H35 a few months later, while raising about $5 million for testing, supply chain, contract manufacturing and a 100-vehicle pilot.
What happened
Bengaluru EV startup Magron is developing three electric motorcycles for India, with C10 and C20 planned for mid-2027 and H35 shortly after. It plans a $5
Key facts
- Founded in 2022
- Three electric motorcycles: H35, C20 and C10
- 26-member team
- H35 price: Rs 3-3.5 lakh
- C20 price: Rs 2-2.5 lakh
- C10 price: below Rs 2 lakh
- C10 and C20 targeted for mid-2027 launch
- H35 targeted a few months after C10/C20
- Wireless charging initially targets 6.6kW and eventually 120kW
- Raised about $1 million; plans to raise about $5 million
- Pilot batch: around 100 vehicles
Why this matters
Magron could be a partnership or acquisition watchlist candidate for manufacturers, suppliers and distributors seeking an entry into India’s premium electric-motorcycle segment ahead of its 100-vehicle pilot.
What to watch
- Announcement of the $5 million fundraise, investor identity, valuation and whether proceeds cover tooling as well as testing.
- Prototype reveals showing claimed range, battery capacity, charging time, motor output, kerb weight and thermal-management design.
- Named contract manufacturer and component suppliers, especially battery-pack and drivetrain partners.
- Pilot start date, fleet/customer mix, reported kilometres, failure rates and conversion into paid reservations.
- Homologation filings or certifications and any change in launch timing or model sequencing.
- Competitor electric-motorcycle launches or price cuts in the sub-Rs 2 lakh and Rs 2-3.5 lakh bands.
- Evidence of retail/service partnerships, financing offers, warranty terms and battery replacement policy.
- Close a seed or pre-Series A round tied to prototype validation and pilot-production milestones.
- Select contract-manufacturing, battery-cell, BMS, motor-controller and charging-component partners to reduce fixed-capex requirements.
- Begin road and durability testing across Bengaluru heat, monsoon and mixed-road conditions, followed by homologation preparation.
- Use the 100-vehicle pilot to collect real-world battery degradation, service-frequency, charging-behavior and financing-data evidence.
- Prioritize the C10 as the potential volume and learning platform, using its shared components to lower C20 and H35 development risk.
- Build a limited-city service and spare-parts network before retail expansion, likely beginning in southern urban markets.
- Pursue fleet, corporate mobility, enthusiast-community and financing partnerships to improve early utilization and customer trust.
Also reported by
- YourStory · Capital — Same time