Terra Motors Corporation, the leader in the Japanese electric scooter industry, is investing in the Philippines as part of its business expansion strategy into other Asian markets, others of which include Vietnam and Taiwan.
The industry giant offers electric bikes and mobility
scooters that are, to date, top of its class and also provides repairs services
of such vehicles. Only two years after its establishment, Terra Motors
Corporation rose to Number One with some 3,000 units sold in 2011.
Terra Motors Corporation has since shifted its enterprise
focus on the Asia-Pacific region, which accounts for 80% of the world’s scooter
and motorcycle market. Over 20 million electric scooters and motorcycles were
sold in China alone in 2011—a significant increase from 270,000 units sold in
the previous year.
In the Philippines, tricycles and motorcycles are
significant modes of public transportation, with some 3.5-million tricycles and
3.88 million motorcycles traversing roads across the country; Mr. Toru
Tokushige, Terra Motors Corporation Chief Operating Officer, revealed plans to
invest in a manufacturing facility in the Philippines, citing the country as a “viable
market for more environment-friendly and energy efficient quality electric
scooters and motorcycles.”
Terra Motors Corporation offers local consumers a “greener”
option to gasoline-powered tricycles and motorcycles, with its growing range of
electric vehicles that are best-in-class such as the Bizmo, a 50-cc electric
motorcycle, which runs on a lithium battery that can be charged at any
electrical outlet. The Bizmo has a maximum speed of 60 km/h and a range of
70-100 kilometers in ECO mode, with a charge of 6 hours.
“We are helping transform mobility and drive change by
providing solutions to sustainable urban and metropolitan transport,” said Mr.
Tokushige. “We also strive to drive the industry forward by working twice as
hard as our competitors and delivering the quality. We look forward to
partnering with Filipino businesses in working towards a better and cleaner
world.”
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