Here is a summary of the article in 400 words:
Reliance Jio has been making waves in the market with rumors of launching an e-bike or e-bicycle, which has sparked a lot of buzz on social media. However, it’s worth noting that JioPlatforms, a subsidiary of Jio, actually announced its plans to reshape the Indian two-wheeler EV industry with its JioThings in August 2024. The company has partnered with MediaTek to launch India’s first “Made in India” Smart Digital Cluster and Smart Module for electric two-wheelers, which aims to redefine the rider experience through advanced IoT solutions, real-time analytics, and seamless connectivity.
The Smart Digital Cluster integrates with vehicle controllers, enabling smooth communication between EV components, IoT-enabled charging stations, and battery systems, offering features such as real-time analytics, customizable dashboards, voice commands, and access to Jio’s app suite. The partnership is expected to push the Indian EV sector, which is projected to grow at 40.34% annually until 2031.
While these developments are exciting, there are rumors of Reliance Jio launching a budget electric bicycle with a 400 km range and a starting price of Rs 30,000 by 2025. However, industry experts are skeptical about the feasibility of such a product, citing current battery technology limitations and the need for significant breakthroughs or heavy subsidies. Additionally, there are concerns about sparse charging infrastructure and battery costs.
Despite these challenges, Jio’s track record of disrupting various sectors, including the telecom industry, fuels optimism. Even if the rumored e-bicycle doesn’t materialize, Jio’s entry into the EV market could still drive innovation and accelerate adoption, supporting India’s sustainability goals.