Electric two-wheeler maker Okinawa Autotech plans to invest Rs. 150 crore in setting up a new manufacturing unit in Rajasthan, and roll out fresh products as it sets a target of selling 1 lakh units in the next fiscal year, according to a top company official.

The company, which had recently launched B2B electric two-wheeler - Okinawa Dual, priced at Rs. 58,998, targeting the delivery sector, expects sales from the segment to account for around 20 per cent of its total sales.

The new manufacturing unit will be near the company's existing plant in Rajasthan.

When asked about new products, he said the company is targeting both the B2B and B2C segment.

Last week, Okinawa Autotech launched its Okinawa Dual, powered by a 250 Watt electric motor with 48W 55Ah detachable lithium-ion battery with a range of 130 km on a single charge. It has a top speed of 25 kmph.

COVID-19 pandemic has accelerated the rise of e-commerce and last-mile deliveries. It has become imperative for businesses in the delivery segment to innovate, reduce operational costs, and increase efficiency consistently, and Okinawa Dual will address that need.