Warivo’s New CRX High-Speed E-Scooter Set to Power ₹120 Cr Revenue Boost, Eyes South India Expansion

Electric two-wheeler startup Warivo Motor India is aiming to nearly double its revenue to ₹120 crore in the current financial year, driven by its entry into the high-speed electric scooter market.

Launch of CRX High-Speed Electric Scooter

Previously focused on low-speed scooters with a top speed of up to 25 km/h, Warivo has now introduced its first high-speed model, the CRX, starting at ₹79,999 (ex-showroom). The move is expected to boost sales volume.

Shift in Focus to High-Speed Scooters

Warivo’s CEO, Shammi Sharma, said, “We were previously only in the low-speed electric scooter segment. Now, with the CRX, we’re entering the high-speed market, which will bring us more volume.” The company also plans to release a mid-range product and a premium high-speed scooter in the near future.

Continued Growth in Low-Speed Market

While Warivo is shifting its focus towards high-speed scooters, it will continue selling its four low-speed models for some time due to demand from the lower-end market.

Revenue and Sales Targets for FY25

Warivo’s Director, Rajeev Goel, shared the company’s ambitious growth plans: “For FY25, we aim for ₹120 crore in revenue, up from ₹62 crore in FY24.” Warivo’s manufacturing facility in Ellenabad, Haryana, has a capacity of 600 units per day.

CRX Sales and Market Expansion

With the new CRX model, Warivo aims to sell 8,000 units in FY25. The company expects strong demand, particularly in South India, where it plans to expand its presence. “We should clock no less than 8,000 units in total for the CRX by March next year,” Sharma added.