The funding will be used to strengthen the Pune-based company’s footprint in both domestic and international markets
In 2022, BGauss announced its first-ever funding of $7 Mn, led by Darshan Patel, the founder of Vini Cosmetics. This marked the company’s maiden fundraise since entering India’s two-wheeler EV market in October 2020
Founded in 2020 by Kabra, BGauss has a range of dynamic, stylish, premium-yet affordable electric scooters. All its components such as motor, battery, vehicle control units, among others have been developed in-house by BGauss considering long-term business interests, safety and consumer requirements
Mumbai-based electric vehicle startup BGauss has reportedly secured a funding of INR 161 Cr (around $18.6 Mn) from Bharat Value Fund (BVF) in a mix of primary and secondary transactions.
As per an ET report, the funding will be used to strengthen the Pune-based company’s footprint in both domestic and international markets.