OTO, an online two-wheeler retailing startup, simplifies electric two-wheeler ownership through its innovative lease-ownership model and online financing, offering up to 35% cheaper EMIs. The startup addresses the higher upfront cost of electric two-wheelers, allowing consumers to trade in the vehicle after experiencing its practicality. OTO currently retails 5,000 two-wheelers monthly, aiming for 50,000 bookings in the next 2 to 3 years. CEO Sumit Chhazed emphasizes curating the right products, currently featuring electric two-wheelers from 6 to 7 brands and targeting 12 to 15 brands by year-end. OTO focuses on the new two-wheeler market, seeing significant potential in online retailing for the next 2-3 years.
OTO focuses on the new two-wheeler market, seeing significant potential in online retailing for the next 2-3 years.