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EMotorad appoints ex-CARS24 CEO Himanshu Ratnoo as co-founder

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Date
Company
EMotorad
What it does
Electric bicycle startup
Kind
People
Founded
2020
Sector
Mobility & Logistics

What they do

EMotorad is an electric bicycle and mobility startup founded in 2020

What happened

The company appointed Himanshu Ratnoo as co-founder after he left CARS24

Why it matters

Ratnoo brings over 15 years of experience from firms like Food Panda

The details

  • EMotorad has appointed Himanshu Ratnoo as its new co-founder.
  • Ratnoo joins the company after leaving his role as CEO at CARS24.
  • He officially departed CARS24 in March 2026 before joining EMotorad.
  • This move adds significant leadership experience to the EMotorad management team.
  • Ratnoo will work alongside existing founders including Kunal Gupta and Rajib Gangopadhyay.
  • The appointment signals a strategic push for the mobility startup's growth.
  • Ratnoo's background includes senior roles at major global technology companies.
  • His arrival coincides with strong expansion in international markets for EMotorad.

The bigger picture

  • Ratnoo brings extensive executive experience from high-growth consumer tech sectors.
  • His previous tenure at CARS24 involved scaling India's largest vehicle marketplace.
  • EMotorad seeks to leverage his expertise for further market penetration.
  • The hire strengthens the founding team's operational capabilities significantly.

About the business

  • EMotorad designs and sells electric bicycles and related mobility products.
  • The company launched its operations in 2020 targeting urban commuters.
  • Its product range includes commuter bikes, kids' cycles, and leisure vehicles.
  • EMotorad operates through a network of more than 800 dealerships.
  • The startup has expanded its footprint to over 18 countries globally.
  • Key international markets include Europe, Japan, Australia, and the UAE.
  • The company reported a 5X growth in its European business recently.
  • EMotorad competes against brands like Hero Lectro and Nexzu Mobility.
  • The firm has raised approximately $25 million in total funding.

Investors

  • Panthera Growth Partners (investor) — Investment firm backing EMotorad's growth rounds.
  • Green Frontier Capital (investor) — Venture capital firm focused on climate and sustainability.
  • Alteria Capital (investor) — Investment entity participating in EMotorad's funding.
  • MS Dhoni (investor) — Former Indian cricket captain who invested in 2024.

Founders

  • Himanshu Ratnoo, co-founder
  • Kunal Gupta, CEO, cofounder
  • Rajib Gangopadhyay, cofounder
  • Aditya Oza, cofounder
  • Sumedh Battewar, cofounder

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