Gravton Motor launched the Quanta electric bike in India today (November 29). The company claims that Quanta is India’s first off-road electric bike, featuring a lithium manganese iron phosphate (LMFP) battery. The price of the Gravton Quanta bike has been kept at Rs 1.2 lakh (ex-showroom). It competes with Bajaj Chetak, TVS iQube, Ola S1 and Ather 450X.