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FT03 or V9 Max: the duel between Brazil's best-selling e-bikes

The Panda FT03 and the V9 Max cost almost the same and have 1,000 W motors. See who wins on speed, range, equipment, load and price.

By Luan Amancio · Mercado Livre data from Oct 16, 2026
Panda FT03 vs V9 Max

Scoreboard

The two most searched e-bikes on Mercado Livre cost practically the same and have the same power. That is why the decision comes down to details: what each one includes, how much weight it carries and what the listing actually says.

Specs side by side

Panda FT03V9 Max
Price (Oct 16, 2026)R$ 5,738R$ 5,959
Motor1,000 W1,000 W
BatteryLithium, removable. The title says 48V and 18Ah, the spec sheet says 48V and 20Ah, and the description mentions 60V and 18Ah48V 15.6Ah, lithium-ion, removable
Advertised range50 to 60 km in the description (one spec field says 60 h, which looks like an error)40 to 50 km in some listings and up to 60 km in others (depends on weight, terrain and speed)
Top speed32 km/h32 km/h per the listing's spec sheet; 48 km/h "unlocked", with reduced range, according to the description
Weight80 kg in the listing's spec sheet, which looks like the shipping weight with the box37 kg in the spec sheet and 42 kg in the description of the same listing
Max load120 kg and 130 kg in the description; 200 kg in the spec sheet150 kg

Data from the listings; it varies from seller to seller.

Round 1: Speed and power

Winner: Tie

Both leave the factory limited to 32 km/h and, according to owners cited in the channel's video, reach about 48 to 50 km/h unlocked. The FT03 has a geared motor, praised on climbs but needing lubrication over time.

Round 2: Range

Winner: Tie

The FT03 advertises 50 to 60 km and owners report 40 to 50 km. The single-battery V9 Max advertises up to 60 km and delivers about 40 km in its owners' hands. By the channel's math (Wh ÷ 20), about 43 km for the 48V 18Ah FT03 and about 37 km for the V9 Max. A small difference.

Round 3: Technology and comfort

Winner: V9 Max

The V9 Max has NFC, an alarm, turn signals and dual rear suspension. The FT03 sold today comes without an alarm, turn signals or NFC, and its rear shock is small, with complaints about noise.

Round 4: Weight, load and passenger

Winner: V9 Max

The V9 Max carries 150 kg and has a longer seat for two people. The FT03 carries 120 kg (the listing even mentions 130 kg and 200 kg in different fields) and has a short seat. In return, the FT03's aluminum frame doesn't rust.

Round 5: Price

Winner: Tie

On Oct 17, 2026, the FT03 cost R$ 5,916 and the V9 Max R$ 5,959. That is a R$ 43 difference, so price doesn't decide.

Round 6: Listing and doubts

Winner: V9 Max

The FT03 listing contradicts itself on battery (18Ah or 20Ah, 48V or 60V), load and brake (drum in the description). The V9 Max also has weight and speed discrepancies, but it has 96 reviews analyzed, and the FT03 only 2.

Verdict

Since the prices are almost equal, the V9 Max has the edge for including more equipment, more load capacity and more reviews. The FT03 makes sense for people who prefer the aluminum frame and the look, and who don't care about an alarm, turn signals and NFC. A new FT03 has already leaked, but with no price or date yet.

Watch the duel on video

Which to choose?

Panda FT03

Good for: riders who like the look and the aluminum frame, and don't need a passenger seat or a built-in alarm and NFC.
Read the review

R$ 5,738
See the price on Mercado Livre

V9 Max

Good for: riders who want more equipment, a 150 kg load and the bike with the most reviews on the market.
Read the review

R$ 5,959
See the price on Mercado Livre

Frequently asked questions

FT03 or V9 Max: which is better?

The prices are almost equal. The V9 Max wins on equipment, load and reviews. The FT03 has an aluminum frame.

Which one goes farther?

A tie. The listings say 50 to 60 km, and in practice owners report 40 to 50 km.

Does the FT03 come with an alarm and NFC?

The version sold today, according to the channel's video, comes without an alarm, turn signals or NFC. The V9 Max has them.

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