Electric scooter brand iVOOMi Energy keeps on introducing new models to its lineup. Last month, JeetX limited edition was introduced, and now the company has introduced new S1 scooter versions. With a starting price of Rs 69,999 and a pricing range up to Rs 1.21 lakh, the S1 new models have a wider price range. The S1 range now includes the S1 80, S1 200, and S1 240. These scooters are all high-speed models, the S1 240 has a 240 km range, a double battery pack of 4.2 kWh, and a 2.5 kW motor for added torque.
ivoomi S1 240 specifications –
| Model | ivoomi s1 240 |
| Max.Power | 2500 W |
| Range | 240 Km |
| Top Speed | 55 km/h |
| Modes | 3 |
| Moter Type | BLDC |
| Battery Capacity | 4.2 KWh |
| Portable Battery | Yes |
| Fuel Type | Electric |
| Type of Charger | Portable charger |
| Front Suspension | Telescopic |
| Rear Suspension | Adjustable Spring loaded Telescopic |
| Braking System | E-ABS |
| Front Brake Type | Disc |
| Rear Brake Type | Drum |
| Wheel Type | Alloy |
ivoomi s1 240 Ex-showroom price – 1,21,000*
Calculator Information
The Equipment Finance Calculator calculates the type of repayment required, at the frequency requested, in respect of the loan parameters entered, namely amount, term and interest rate. The Product selected determines the default interest rate for personal loan product. The Equipment Finance Calculator also calculates the time saved to pay off the loan and the amount of interest saved based on an additional input from the customer. This is if repayments are increased by the entered amount of extra contribution per repayment period. This feature is only enabled for the products that support an extra repayment. The calculations are done at the repayment frequency entered, in respect of the original loan parameters entered, namely amount, annual interest rate and term in years.Calculator Assumptions
Length of Month
All months are assumed to be of equal length. In reality, many loans accrue on a daily basis leading to a varying number of days interest dependent on the number of days in the particular month.Number of Weeks or Fortnights in a Year
One year is assumed to contain exactly 52 weeks or 26 fortnights. This implicitly assumes that a year has 364 days rather than the actual 365 or 366.Rounding of Amount of Each Repayment
In practice, repayments are rounded to at least the nearer cent. However the calculator uses the unrounded repayment to derive the amount of interest payable at points along the graph and in total over the full term of the loan. This assumption allows for a smooth graph and equal repayment amounts. Note that the final repayment after the increase in repayment amount.Rounding of Time Saved
The time saved is presented as a number of years and months, fortnights or weeks, based on the repayment frequency selected. It assumes the potential partial last repayment when calculating the savings.Amount of Interest Saved
This amount can only be approximated from the amount of time saved and based on the original loan details.Calculator Disclaimer
The results from this calculator should be used as an indication only. Results do not represent either quotes or pre-qualifications for the product. Individual institutions apply different formulas. Information such as interest rates quoted and default figures used in the assumptions are subject to change.
EMI Calculator
**Note: For exceeding 120 no. of payments, a group of 12 payments will be combined into a single payment number for better chart visibility.
| Period | Payment | Interest | Balance |
|---|
Application fee
₹500
Monthly fee
₹10
Total regular fees
₹1440
Total fees
₹1940
Calculator Disclaimer
The repayment amount shown using this calculator is an estimate, based on information you have provided. It is provided for illustrative purposes only and actual repayment amounts may vary. To find out actual repayment amounts, contact us. This calculation does not constitute a quote, loan approval, agreement or advice by My Finance. It does not take into account your personal or financial circumstances.