BGauss raises Rs 52 crore in Series A funding, plans 2 new e-two-wheelers

The Mumbai-based company says the funds will be utilised for driving growth.

Autocar Professional BureauBy Autocar Professional Bureau calendar 28 Apr 2022 Views icon5700 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp

BGauss, an electric two-wheeler company promoted by wiring major RR Global has raised Rs 52 crore in Series A funding, which was led by Darshan Patel, founder, Vini Cosmetics.

The Mumbai-based company says the funds will be utilised for driving growth including retail expansion in India, expanding manufacturing capacity, launch of two new products, R&D and in-house product development across various electrical vehicle components.

It maybe recollected that BGauss had launched its low-speed and high speed e-scooters in 2020. The company claims that all the components including the motor, battery, vehicle control unit have been developed in-house. Hemant Kabra, director, RR Global and founder and MD, BGauss Auto said, “BGauss has seen tremendous growth and success from our existing products, in the last two years, which gives us confidence to expand our business and product offerings. This round of funding comes at the right time for us as we are all set to launch two new products. Our first Product - D15 will be launched in May 2022 and another product later during this year. We are also strategically expanding our dealer network across India, actively scaling up operations and looking to target the export market.”

Darshan Patel, said “EVs are the future and like any new technology-based products, there will be a learning curve for all players. The team at BGauss, led by Hemant, their dealer network and products are impressive. Their upcoming products look very promising and will help them grow faster.”

Rajesh Doshi, founder and MD, Steer Advisors, Investment bankers for the deal said, “BGauss has a long-term orientation towards all aspects of the business ranging from product development, vendor ecosystem or its dealership network and this thought process is different as compared to many other players we have come across in the industry.”

RELATED ARTICLES
Bajaj Auto launches new Chetak 3503 at Rs 110,000

auther Autocar Professional Bureau calendar29 Apr 2025

The Chetak 3503, with a claimed range of 155km, 63kph top speed and a slower charging time than its 35 Series siblings, ...

Hyundai walks the eco talk with biogas plant, material recovery plant in Gurugram

auther Autocar Professional Bureau calendar22 Apr 2025

Operational since October 2022, the facility targets sustainable waste management in Gurugram by undertaking scientific ...

Rajiv Bajaj reappointed MD and CEO of Bajaj Auto for five-year term

auther Autocar India calendar19 Mar 2025

Bajaj Auto’s Board of Directors has approved the re-appointment of Rajiv Bajaj as the company’s MD and CEO for another f...