BGauss, a maker of electric bikes, has raised ₹161 crore ($18.6 million) in a funding round led by the Bharat Value Fund (BVF). This funding, which includes both new and old money, is very important for the Pune-based firm’s plans to grow. It shows their goal to help India’s electric ride market.
Smart use of funds
The new funds will help BGauss grow its work in India and abroad, increase how many bikes it makes, and improve its dealer network. The money will also push strong marketing and improve its own research and development. This will lead to new and better products.
BGauss: A rising EV leader
Started in 2020 by Hemant Kabra, BGauss mixes nice design with smart tech. They sell electric scooters focusing on good performance, low upkeep, fast charge times, and smart features. With 45,000 customers now, the company aims to grow its dealers from 120 to 500 and set up over 1,000 points of sale across India.
Growing production and product line
BGauss can now make 100,000 units a year, which will increase as more people want their bikes. After launching the RUV 350 scooter in June 2024, which has a 3.5-kilowatt motor, 165 Nm of peak torque, and can go 75 km/h, the company plans two more models this year.
About Bharat Value Fund (BVF)
Bharat Value Fund, run by Madhu Lunawat from Pantomath Capital Management, is a Category II Alternative Investment Fund. BVF works to help businesses that are growing and making a profit. Its wide range includes brands like Haldiram Bhujiawala, Aniket Metals, and Millennium Babycares.
Boosting the EV market ahead
This funding is a big step for BGauss, putting it in a strong spot in the fast-growing electric ride market. The firm’s work to make more bikes, reach new areas, and create new tech is set to change how India moves towards eco-friendly transport.
