Top 5 Electric Two-Wheeler Companies
Gogoro Limited
Hero Electric Vehicles Pvt. Ltd.
Jiangsu Xinri E-Vehicle Co. Ltd.
VMOTO SOCO ITALY SRL
Yadea Group Holdings Ltd.
Source: Mordor Intelligence
Electric Two-Wheeler Companies Matrix by Mordor Intelligence
Our comprehensive proprietary performance metrics of key Electric Two-Wheeler players beyond traditional revenue and ranking measures
The MI Matrix can diverge from a top five list built on sales volume because it rewards resilience signals, not just shipped units. It puts more weight on in scope footprint, product renewal since 2023, and the ability to fund service and compliance work across regions. Practical indicators include factory commitment, proven retail and service coverage, reliability track record, and the pace of new scooter and motorcycle introductions. Battery swapping usually fits best where daily utilization is high and batteries are centrally managed, such as delivery fleets and dense cities. For home charging, the biggest buyer pain points remain safe wiring, certified packs, and predictable cold weather range. This MI Matrix by Mordor Intelligence is better for supplier and competitor evaluation than revenue tables alone because it reflects repeatability, risk, and delivery capability.
MI Competitive Matrix for Electric Two-Wheeler
The MI Matrix benchmarks top Electric Two-Wheeler Companies on dual axes of Impact and Execution Scale.
Analysis of Electric Two-Wheeler Companies and Quadrants in the MI Competitive Matrix
Comprehensive positioning breakdown
Jiangsu Xinri E-Vehicle Co. Ltd.
Weak profit year can still hide long term capability gains when fixed asset build and platform upgrades continue. The major player disclosed 2024 results showing revenue decline and steep profit pressure, while also describing software and energy management platform work such as SUNRA OS and a digital energy management system. Standards tightening for electric two wheelers tends to reward firms that invest early in quality systems and testing capacity. If Xinri's smart features translate into lower warranty rates, it can defend dealer loyalty even with price pressure. The operational risk is margin squeeze during factory upgrades, since higher depreciation can weigh on near term earnings.
Yadea Group Holdings Ltd.
Large capacity expansion signals confidence, yet it can backfire if overseas demand softens unexpectedly. The top manufacturer expanded a second phase production line in Tianjin that it said could reach 2 million electric motorcycles per year, and it described exports across more than 100 countries. Regulatory pressure on emissions and city access rules generally supports electric adoption, but certification costs can rise as safety expectations tighten. If Yadea keeps quality stable while scaling, it can widen dealer coverage in multiple regions quickly. The main risk is supply chain coordination across many sites, because inconsistency can drive returns and hurt repeat purchases.
Frequently Asked Questions
How should fleets choose between battery swapping and plug-in charging providers?
Battery swapping tends to win when vehicles run many hours daily and downtime is costly. Plug-in charging is simpler for lower daily mileage and fixed parking locations.
What safety proof should buyers demand for batteries and chargers?
Ask for third party certification, documented quality checks, and clear rules for pack handling and storage. Also verify training and service processes, not just certificates.
What is the biggest global compliance risk for electric scooters and motorcycles?
Rules can change quickly on battery safety, labeling, and required testing. Companies with stronger documentation and repeatable testing processes usually adapt faster.
What contract terms matter most when buying electric scooters or motorcycles for a fleet?
Focus on uptime commitments, parts availability, and clear warranty coverage for battery packs and power electronics. Include response times for repairs and battery replacement terms.
How can buyers assess real world range claims without long trials?
Request standardized test results, then compare them with short route trials under payload and weather conditions you actually face. Ask for data logging access when possible.
What early warning signs suggest a vendor may struggle to support vehicles over time?
Watch for shrinking service coverage, unclear warranty handling, or sudden channel pullbacks. Financial distress events and frequent leadership or ownership disruption also matter.
Methodology
Research approach and analytical framework
We used company investor materials, filings, and press rooms, plus named journalist coverage and selected public bodies. The approach works for both public and private firms using contracts, capacity moves, and regulatory events. We focused on indicators tied directly to scooters and motorcycles in the defined regions. When metrics were missing, we triangulated using multiple observable signals.
Plants, dealers, and service reach across listed regions drive availability and repair turnaround for scooters and motorcycles.
Buyer trust matters for battery safety, range claims, and regulator scrutiny in electric scooters and motorcycles.
Unit and revenue proxies show who sets pricing, channel terms, and feature expectations in scooters and motorcycles.
Committed assembly capacity, battery supply, and parts logistics determine delivery stability during seasonal demand.
Post-2023 launches, connected features, and energy replenishment options shape differentiation in scooters and motorcycles.
Cash generation and stability from electric two wheelers supports warranty reserves, dealer support, and compliance upgrades.
