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Suniel Shetty, KL Rahul, Ahan bet on Exelmoto's pedal-assist EV bikes
Mint Mumbai
|June 27, 2025
Bollywood actor Suniel Shetty, his cricketer son-in-law KL Rahul, and son Ahan Shetty have come together to back a new electric mobility startup, Exelmoto, founded by automotive designer and entrepreneur Akshai Varde.
Bollywood actor Suniel Shetty, his cricketer son-in-law KL Rahul, and son Ahan Shetty have come together to back a new electric mobility startup, Exelmoto, founded by automotive designer and entrepreneur Akshai Varde. The company is positioning itself as a category-creator in India's two-wheeler EV market, with a focus on pedal-assist electric bikes—styled like motorcycles but priced like premium bicycles.
Pre-orders for Exelmoto's first two models—EIX Sky and E2R Rosso—will begin on 28 June, with a limited drop of 999 units available for a token booking fee of ₹499. The unisex bikes are priced under ₹42,000 and come with a removable lithium battery, 40-60 km range per charge, fat tyres, and no need for registration or a licence.
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