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Voltz, A Company Focused on Urban Mobility and Electric Motorcycles, Plans to Open Its New Store in Salvador, Bahia by the End of the Year and Aims to Have Over 100 Stores Spread Across Brazil
Voltz, a technology company focused on the urban mobility sector, plans to open a store in Salvador, Bahia, next month. The arrival of the electric motorcycle manufacturer in the capital of Bahia is part of the startup’s expansion plans, which already has concept stores in Recife and São Paulo, as well as over 30 pop-up units, which are smaller stores run by partners and located in strategic locations, such as Ipiranga stations spread across Brazil.
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Voltz Aims to Open Over 100 Active Pop-Up Units by the End of the Year
In Salvador, Bahia, the electric motorcycle manufacturer’s store is located at Avenida Octávio Mangabeira, 3,099, in the Costa Azul neighborhood. Voltz plans to open concept stores in other capitals by the end of this year.
The new store was built by JP Arquitetura. In addition to this new store in Salvador, Bahia, Voltz also plans to install 70 additional pop-up units across the country. When combined with those already in operation, the manufacturer aims to have over 100 active pop-ups by the end of the year.
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Electric Motorcycle Manufacturer Receives R$ 100 Million Investment
According to Voltz’s CEO, Renato Villar, the company proudly announces that it is bringing its electric motorcycle technologies to Salvador, Bahia. The executive also emphasizes that the opening of the store represents an important achievement for everyone in the company, and the goal is for more and more Brazilians to use electric vehicles, with Bahia being a central piece for the country.
In May of this year, the electric motorcycle company received an investment of R$ 100 million. The funding round was led by Creditas and also included participation from UVC Investimentos, a Venture Capital fund of the Ultra Group, a multi-business company responsible for brands such as Ultragaz, Extrafarma, Ipiranga, and several others.
In addition to boosting the opening of various units across the country, Voltz also intends, with this investment, to start operating the first electric motorcycle factory in Manaus, specifically in the Free Trade Zone, later this year. The company’s goal with the factory is to launch connectivity projects and new models to enhance mobility with electric motorcycles in Brazil.
Meet the Brazilian Electric Motorcycle Startup
Voltz is a Brazilian electric motorcycle startup founded in Recife, with its first physical store opened in 2019 and already selling over 210 vehicles nationwide.
According to Renato, the company’s goal is to sell 12,000 motorcycles and achieve revenue of R$ 118 million. The startup was created in 2017 to provide a clean, sustainable, and motorized alternative for those looking to move around cities. Although the company imports vehicles from China, one of its main challenges has been to work with portable lithium batteries.
Renato states that in the Chinese market, scooters using lead-acid batteries are more prevalent and need to be charged at home, which would not fit the Brazilian context due to its infrastructure and product quality.
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