EV Elecson, Yoshino Energy’s Electric Bicycle Brand, Experiences 300% Growth and Reaches $100 Million Valuation

Rourkela, Odisha, June 24, 2024 – Yoshino Energy, the innovative company behind the EV Elecson brand, is proud to announce an impressive 300% year-over-year growth and a significant valuation milestone of $100 million. This achievement marks a major step in the company’s mission to revolutionize urban mobility through sustainable green energy solutions.

Founded in 2020 in Rourkela, Odisha, by Anurag Mishra and co-founded by Vikram Dash, EV Elecson has quickly become a leading-edge project in the electric vehicle segment. The company specializes in the manufacturing of electric bicycles and their associated spare parts, combining quality craftsmanship with technological innovation to enhance urban commuting experiences.

“We are thrilled to see such tremendous growth and to reach this remarkable valuation,” said Anurag Mishra, Founder of Yoshino Energy. “Our team’s relentless dedication to quality and innovation, coupled with the support from the Technology Innovation and Incubation Centre (TIIR) at NIT Rourkela, has been instrumental in our success. We are committed to continuing our journey towards promoting environmental sustainability.”

Company Highlights

  • Robust Entrepreneurial Ecosystem: Supported by TIIR, the incubation center for start-ups at NIT Rourkela, EV Elecson operates within a dynamic entrepreneurial environment.
  • Quality and Innovation: Specializing in electric bicycles and spare parts, EV Elecson emphasizes technological advancement and superior craftsmanship.
  • Expansive Reach: With service centers established in major cities across India, EV Elecson ensures comprehensive support for its customers nationwide.
  • Dedicated Workforce: A team of 32 employees is dedicated to driving the company’s mission and values forward.

Awards and Recognitions

  • Jewel Startup: Recognized by NIT Rourkela as a “Jewel Startup,” highlighting the company’s distinguished position in the startup ecosystem.
  • ISO Certifications: EV Elecson has achieved ISO 9001 and ISO 14001 certifications, underlining its commitment to quality and environmental responsibility.
  • Startup of the Year: Named Startup of the Year 2023 by Startup Mission, acknowledging the company’s outstanding achievements and contributions to the startup community.

Future Prospects

As Yoshino Energy continues to grow, the company remains focused on its mission to provide sustainable transportation solutions that promote environmental awareness. With plans for further expansion and continued innovation, EV Elecson aims to reinforce its position as a market leader and continue delivering exceptional value to its customers.

For more information about Yoshino Energy and the EV Elecson brand, please visit or contact Ishani Mishra at support@evelecson.com / 7327873105

About Yoshino Energy

Yoshino Energy is a pioneering company focused on green energy solutions. Under its EV Elecson brand, the company specializes in manufacturing electric bicycles and their associated spare parts. Established in 2020 and based in Rourkela, Odisha, Yoshino Energy aims to revolutionize urban mobility through sustainable solutions, promoting environmental sustainability and innovation.

Media Contact

Ishani Mishra


NIT Rourkela

Source :Yoshino Energy