The Electric Two-Wheeler Market is on an impressive growth trajectory, projected to reach USD 154.71 billion by 2034 from USD 79.77 billion in 2025, growing at a CAGR of 7.21% during 2025–2034. This surge reflects the rising demand for eco-friendly transportation, technological advancements in battery systems, and government incentives worldwide.
In this article, we explore key investment opportunities and provide competitive benchmarking of leading electric two-wheeler companies to help investors and stakeholders make informed decisions.
🌏 Market Highlights
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Asia Pacific leads the global electric two-wheeler market revenue.
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Europe is projected to grow at the highest CAGR during the forecast period.
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Sealed Lead Acid (SLA) batteries dominate currently, but lithium-ion batteries are expected to register the fastest growth.
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By vehicle type, electric scooters/mopeds hold the largest share.
🚀 Top Electric Two-Wheeler Companies (Competitive Benchmarking)
1️⃣ AIMA Inc.
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About: AIMA is one of China’s leading manufacturers of electric two-wheelers, known for its wide product range and global footprint.
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Products: Electric scooters, e-bikes, and mobility solutions.
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Market Cap: Approx. USD 2.1 billion (as per latest reports).
2️⃣ Ather Energy Limited
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About: An Indian startup that revolutionized electric scooters with its connected features and stylish designs.
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Products: Ather 450X, Ather 450S electric scooters.
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Market Cap: Privately held, with recent valuations around USD 1.4 billion.
3️⃣ Ola Electric Mobility Ltd
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About: A spin-off from ride-hailing giant Ola, this company aims to dominate the EV scooter segment in India and abroad.
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Products: Ola S1, Ola S1 Pro electric scooters.
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Market Cap: Estimated valuation USD 5 billion post recent funding.
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4️⃣ TVS Motor Company
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About: A major Indian two-wheeler manufacturer, TVS has aggressively expanded into the electric mobility space.
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Products: iQube electric scooter.
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Market Cap: Approx. USD 10.5 billion.
5️⃣ Bajaj Group
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About: A legacy brand in India’s two-wheeler market, now entering the electric segment with innovative offerings.
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Products: Chetak Electric Scooter.
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Market Cap: Approx. USD 22 billion.
6️⃣ BMW AG
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About: A German luxury automobile leader investing in premium electric motorcycles and scooters.
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Products: BMW CE 04 electric scooter.
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Market Cap: Approx. USD 80 billion.
7️⃣ Greaves Electric Mobility Limited
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About: Part of Greaves Cotton, the company focuses on affordable electric mobility solutions in India.
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Products: Ampere electric scooters (Magnus EX, Zeal EX).
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Market Cap: Approx. USD 800 million (Greaves Cotton parent).
8️⃣ Helbiz
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About: A US-based micro-mobility company offering electric scooters and shared mobility solutions globally.
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Products: Electric scooters and bikes for urban commutes.
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Market Cap: Approx. USD 50 million.
9️⃣ Jiangsu Xinri E-Vehicle Co., Ltd
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About: A Chinese pioneer in electric two-wheelers with a vast domestic and global presence.
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Products: E-bikes, scooters, motorcycles.
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Market Cap: Approx. USD 1.2 billion.
🔟 Vmoto Limited
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About: An Australian-based company manufacturing electric scooters targeting Europe and Asia markets.
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Products: Super Soco range of electric scooters.
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Market Cap: Approx. USD 130 million.
1️⃣1️⃣ Yadea Technology Group Co., Ltd
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About: The world’s largest electric two-wheeler manufacturer by volume, headquartered in China.
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Products: E-scooters, e-mopeds, e-bikes.
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Market Cap: Approx. USD 8.5 billion.
1️⃣2️⃣ Zero Motorcycles Inc.
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About: A leading US-based electric motorcycle manufacturer specializing in high-performance bikes.
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Products: Zero SR/F, Zero FXE motorcycles.
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Market Cap: Privately held (estimated valuation around USD 1 billion).
1️⃣3️⃣ Kawasaki Motors Corp., U.S.A
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About: A legacy motorcycle brand venturing into electric bikes with its upcoming EV models.
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Products: Upcoming electric motorcycle series.
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Market Cap: Approx. USD 3.5 billion (Kawasaki Heavy Industries parent).
📈 Investment Opportunities
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Battery Innovations: Investments in lithium-ion and solid-state battery tech.
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Shared Mobility: Growth in e-scooter rentals and subscription services.
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Asia Pacific Focus: Huge untapped demand in countries like India, Indonesia, and Vietnam.
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Premium Segment: Rising demand for high-performance e-bikes in Europe and North America.
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Government Policies: Subsidies and tax benefits driving rapid adoption globally.
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❓ FAQs About the Electric Two-Wheeler Market
1. Which company leads the global electric two-wheeler market?
Yadea Technology Group Co., Ltd currently holds the largest share by volume.
2. What is driving the growth of electric two-wheelers?
Government incentives, rising fuel prices, and consumer demand for eco-friendly vehicles.
3. Which battery type is growing fastest in this market?
The lithium-ion battery segment is expected to grow at the highest CAGR.
4. Are premium electric motorcycles gaining popularity?
Yes, especially in Europe and North America, led by brands like BMW and Zero Motorcycles.
5. Which region has the highest investment potential?
Asia Pacific, due to its large population and urban mobility challenges.
Source : https://www.towardsautomotive.com/insights/electric-two-wheeler-market-sizing