Anand Mahindra, the Chairman of the Mahindra Group, is known for his appreciation of innovation and cutting-edge technology. He recently took to social media to showcase his latest investment and commend the creative prowess of a group of students from the Indian Institute of Technology (IIT) Bombay, who developed the “world’s first foldable diamond frame e-bike” with full-size wheels.
Sharing his excitement on X (formerly Twitter), Mahindra posted images of himself riding this unique e-bike. Notably, this is not just an endorsement; Mahindra revealed that he had invested in the startup initiated by the IIT Bombay students.
The industrialist was quick to praise the IIT Bombay team for their groundbreaking achievement. He underlined that their foldable diamond e-bike is not only an innovation but also boasts a 35% increase in efficiency compared to other foldable bikes. The design of the bike also allows it to remain stable even at higher speeds, setting it apart from conventional foldable bikes. Moreover, it has the unique feature of not requiring lifting after folding.
Taking his investment for a test spin, Mahindra was seen riding the “HORNBACK X1” around his office compound. In his social media post, he expressed his pride in the IIT Bombay students, stating, “A bunch of IIT Bombay guys have made us proud again. They’ve created the first foldable diamond frame e-bike with full-size wheels in the world. That makes the bike not only 35% more efficient than other foldable bikes but it makes the bike stable at higher than medium speed.”
Mahindra also shared details about the availability of the “HORNBACK X1,” indicating that it can be purchased on popular e-commerce platforms such as Amazon and Flipkart.
Anand Mahindra’s support and investment in this innovative startup are a testament to his commitment to encouraging entrepreneurship and innovation among young talent in India. The “HORNBACK X1” e-bike is set to make a significant impact in the world of foldable e-bikes, offering an efficient and stable option for commuters and enthusiasts alike. Mahindra’s investment not only highlights the potential of the startup but also underscores the importance of nurturing and promoting such inventive ventures in the country.
Sources By Agencies