Mumbai: The electric mobility space in India welcomes an exciting new entrant as Exelmoto makes its official debut—an innovative Ebike brand that promises to combine cutting-edge design with celebrity-backed credibility. Founded by renowned designer and automotive entrepreneur Akshai Varde, Exelmoto is powered by a star-studded founding team including Suniel Shetty, KL Rahul, and Ahan Shetty—bringing together a unique blend of startup agility, cultural influence, and purpose-driven innovation.
With a clear mission to “ride the future”, Exelmoto today announced that pre-orders will open on June 28 for a limited release of 999 electric bikes, each available for booking at a token amount of ₹499 via https://www.exelmoto.com.
Unlike conventional EV scooters, Exelmoto’s two-wheelers fall under the Ebike category—electric cycles equipped with pedal-assist systems, blending fitness with functionality and delivering one of the lowest costs per kilometre in the electric mobility segment.
What sets Exelmoto apart is its patented design—a head-turning fusion of motorcycle-inspired styling and the agility of a cycle. Built in India using premium components and boasting superior fit-and-finish, the bikes are targeted at both urban commuters and aspirational riders in semi-urban areas.
This one-of-a-kind founder-investor coalition is deeply rooted in mutual trust and shared vision. Suniel Shetty’s connection to Akshai Varde began years ago when Akshai designed custom bikes for Ahan Shetty’s debut film Tadap and redesigned Suniel’s personal motorcycles. The personal bond, combined with Akshai’s expertise, laid the foundation for this ambitious collaboration.
Suniel Shetty, actor, entrepreneur, and mentor, said, “I’ve watched Akshai create magic with metal and design over the years. When he shared his dream of clean, stylish mobility for India, I knew we had to be part of it. For the first time, I’m working with my sons, Ahan and KL Rahul, on a project, and it feels right that it’s something focused on a cleaner future. Exelmoto represents more than just transportation; it’s about reshaping how India moves forward. We believe caring for our environment should be effortless, stylish, and genuinely accessible to everyone. This is proudly made in India, designed for India, and it’s something we’re genuinely proud to be part of.”
KL Rahul, known for his sharp focus and discipline, added, “I believe in performance—on the field and on the road. And, I believe in products that blend purpose with performance. Exelmoto ticks all the boxes.
With Exelmoto, we’re giving India a reliable, stylish, and affordable ride built for our kind of hustle. This initiative aligns with what many Indians are looking for—smart, clean, and future-ready ways to move.”
Ahan Shetty, addressing a new generation of riders, said, “This is for my generation—bold, smart, and conscious of the planet. We’re proud to be part of a brand that doesn’t just follow trends but sets them—both in how it looks and what it stands for. I ride Exelmoto because it reflects who we are—innovative, fearless, and future-focused.”
Akshai Varde, Founder & CEO of Exelmoto, laid out the company’s vision, “We designed Exelmoto to be a bridge between aspiration and accessibility. This isn’t just an EV. It’s a movement. Our goal is to make green commuting aspirational, affordable, and proudly Indian. With over two decades of experience in premium motorcycle design and manufacturing, I wanted to create an Ebike that delivers the thrill of a motorcycle, the freedom of a cycle, and the convenience of a mobile device. The result is a patented, precision-built product that’s as beautiful to look at as it is powerful to ride. Engineered for India, backed by Indian icons, Suniel, KL Rahul & Ahan, and built to serve both cities and small towns—Exelmoto is how the future moves.”
