Motovolt Mobility, which plans to launch more products in the electric two-wheeler segment, mulls to set up a manufacturing facility in South India.

The Kolkata-based company announced that will launch an electric motorcycle next year, even as it has rolled out a multi-utility e-scooter.

The electric vehicle maker will invest another Rs 300 crore in the next couple of years in the electric vehicles (EV) business.

It is currently engaged in manufacturing the e-scooter Motovolt M7 at its facility in Kolkata where the company has invested around Rs 100 crore, in the first phase.

In the next couple of years, it may consider another location outside Kolkata for expanding capacity, which will be in South India.

Germany’s eROCKIT is involved in the development of the electric scooter. Motovolt, which has 10 percent stake in the German electric two-wheeler maker eROCKIT, aims to sell 30,000 e-scooter this year, while eROCKIT plans to introduce the M7 in the European markets.