EV Startup BGauss Bags INR 161 Cr From Bharat Value Fund

EV Startup BGauss Bags INR 161 Cr From Bharat Value Fund

SUMMARY

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.

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