Brands
Customers receive HOP Electric Mobility’s e-2Ws with open arms
Mumbai: HOP Electric Mobility, a leading electric two-wheeler manufacturing brand, on the auspicious occasion of Dhanteras and Diwali express gratitude to discerning customers who have exhibited encouraging response to the company’s festival season dhamaka of special offers/ discounts during this period. Enthusiastic buyers received their HOP Electric e-2Wheelers – LEO and LYF scooters (high-speed and low-speed variants), and OXO high-speed e-motorcycles with open arms, as 1 EV was delivered every 2-minutes to customers on the festive days during the working hours, taking total sales to more than 500 vehicles.
HOP Electric Mobility founder & CEO Ketan Mehta said, “The festive season has proved to be a turning point for the electric vehicles’ segment, which continued the momentum from previous month when more than 71,000 electric two-wheelers were sold, according to Govt. estimates. The season presented a unique opportunity for people to join the green-mobility bandwagon, while also taking advantage of these incredible deals. We thank our customers, who expressed their trust in our brand vehicles and aligned with a common goal to contribute to a sustainable future for our planet.”
HOP Electric e-scooters were available for as low as Rs 69,000, and the deals got even better with their monthly EMI options – the LYF model for just Rs 1,899 per month, and the LEO for Rs 2,199 per month; while the high-speed e-motorcycle OXO for Rs 3,499 per month. These offers also come with a 0% down payment, benefits of up to Rs 5,100, and flexible EMIs.
HOP e-vehicle solutions are the result of extensive research & development and engineering efforts. In their connected stack named ‘HOP Nuron’ for OXO – the high-speed electric motorcycle, customers have dedicated support features in the application. They can call an RSA, book a service, or find a charging station /service station in the ‘Nuron Mobile App’. HOP Nuron connected platform also enables the company to run a remote diagnosis and over-the-air support. Upgraded HOP OXO with top speed of 95 kms/h prices start at Rs. 1.33 lakh ex-showroom onwards.
The e-scooters boast distinctive features that set them apart from other electric two-wheelers. These include an impressive range of up to 125 km, a robust 72V architecture, high-performance motors capable of tackling steep slopes with a loading capacity of 180 kg for both HOP LEO and LYF models, a spacious 19.5-liter boot, connectivity features such as Internet, GPS, and a mobile app, and much more. HOP LEO e-scooter comes in High-Speed registered and low-speed non-registered variants priced at Rs. 96,000/- and Rs. 83,250/-; while HOP LYF comes in low-speed non-registered – priced at Rs. 70,875/-.
Additionally, HOP LEO and HOP LYF offer premium features like park assist, a reverse gear with a speed of up to 5 kmph, a side stand sensor, three ride modes including a reserve mode, an LED console, dual disc brakes, USB charging, a remote key, and security features like an anti-theft alarm and anti-theft wheel lock.
Brands
UK’s OnlyFans seeks US investor at $3bn valuation after owner’s death
The adult video platform is seeking stability after the death of its billionaire owner
LONDON: OnlyFans is looking for a new partner. The London-based adult video platform is in advanced talks to sell a minority stake of less than 20 per cent to Architect Capital, a San Francisco-based investment firm, in a deal that would value the business at more than $3bn (£2.2bn).
The move is driven by an urgent need for stability. Leonid Radvinsky, the Ukrainian-American billionaire who owned OnlyFans, died of cancer last month at the age of 43, leaving the future of one of Britain’s most profitable privately held businesses suddenly uncertain.
The choice of Architect Capital is not arbitrary. The firm has deep expertise in financial services, which aligns neatly with OnlyFans’ ambitions to offer banking products to its creators, many of whom have long struggled to access basic financial services because of the nature of their work.
The numbers behind OnlyFans are, by any measure, staggering. The platform posted revenues of $1.4bn in the year to 30th November 2024, with a pre-tax profit of $684m, up four per cent on the prior year. Payments to creators totalled $7.2bn over the same period, a rise of nearly ten per cent. Radvinsky personally collected $701m in dividends from the business in 2024 alone, on top of more than $1bn in such payments he had already received. The platform, run through its parent company Felix International, hosts 4.6m creator accounts, with performers keeping 80 per cent of subscription proceeds and the platform pocketing the remaining 20 per cent. It has 377m fan accounts in total.
The current minority stake talks represent a notable scaling back of ambitions. In January, OnlyFans was reported to be in discussions with Architect about selling a majority stake of 60 per cent. Before that, the company had explored a sale to a consortium led by Forest Road Company, a Los Angeles-based investment firm. Neither deal materialised.
OnlyFans has built an enormously lucrative business on content that mainstream finance has long refused to touch. Now, with its owner gone and a $3bn valuation on the table, it is looking for the kind of respectable institutional backing that might finally persuade the banks to take its calls.
