Ex-CARS24 CEO Himanshu Ratnoo joins EMotorad as co-founder

MUMBAI – EMotorad is shifting gears for its next growth phase. EMotorad has brought former CARS24 India chief executive Himanshu Ratnoo on board as co-founder, signalling the company’s ambitions to scale globally and deepen its push into mass electric mobility.

Ratnoo most recently served as India CEO at CARS24 and brings extensive experience in consumer businesses, scale-building and operations. His appointment comes as EMotorad looks to strengthen its leadership team while expanding across international markets and exploring new mobility categories.

Founded in 2020, EMotorad has rapidly emerged as one of India’s leading electric cycle brands. The company currently operates through more than 800 dealerships and has expanded its presence to over 18 countries. Its portfolio spans commuter cycles, kids’ mobility products, health and leisure offerings, and micromobility solutions.

Commenting on the appointment, EMotorad founder Rajib Gangopadhyay said, “Building EMotorad from zero has been incredibly rewarding. We started with a dream and a garage, and now we are shipping cycles to 18 countries. Himanshu brings a rare combination of scale and deep consumer instinct that this phase demands.”

Meanwhile, EMotorad co-founder and chief executive officer Kunal Gupta said the company’s next phase of growth would focus on building a globally recognised electric mobility brand from India.

He added, “We continue to dominate India market and see immense potential overseas. Himanshu and I are going to build something that India has not seen in this space before. A truly global electric mobility brand, built here, loved everywhere.”

For Ratnoo, the opportunity lies in tapping into a worldwide mobility transition already underway. Speaking about his move, EMotorad co-founder Himanshu Ratnoo said, “Mass mobility is a global shift, not limited to India as market. Every major city in the world is rethinking how people move and electric cycles are right at the centre of that conversation.”

He also pointed to the company’s strong export momentum and growing interest from strategic global partners as signs of the brand’s international potential.

EMotorad has raised nearly $25 million in cumulative funding so far and is positioning itself to benefit from rising consumer interest in sustainable and affordable mobility solutions.

As electric mobility races ahead globally, EMotorad’s latest leadership move suggests the company is aiming far beyond the cycle lane.