EV startup BGAUSS raises $6.8M in Series A round

BGAUSS, has raised Rs 52 crore ($6.8 million) led by Darshan Patel. As per the release, the fresh funding will be utilized in following ways:

growth plans, (retail expansion in India, manufacturing expansion),
launch of two new differentiated products, R&D and in-house product development across various electrical vehicle components.

BGAUSS, the company is the first-ever fundraiser since its foray into India's two-wheeled electric vehicle (EV) segment in October 2020.

BGAUSS was launched in 2020; as an electric two-wheeler startup that offers a range of premium-yet-affordable electric scooters and offers best-in-class lifestyle-boosting mobility solutions.

BGAUSS use to design the product with a vision to offer things like comfort, low maintenance, power, quick charging, IoT, and more. All of these components of the products including the motor, battery, and vehicle control unit have been developed in-house by the brand only, keeping long-term business interests, safety, and consumer requirements as the first priority.

EXECUTIVE OPINION:

Hemant Kabra, Director, RR Global Founder, and Managing Director at BGAUSS Auto said, “BGAUSS has seen tremendous growth and success from our existing products, in the last two years, which gives us the 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 early May 2022 and another exciting product later during this year."

He further added, "We are also strategically expanding our dealer network pan India, actively scaling up operations and looking to target the export market. We are committed to our mission of providing high-performance, safe and intelligent electric scooters. I truly thank the investors for their support and look forward to partnering with them to be at the forefront of the EV revolution in India.”

Darshan Patel, Founder, Vini Cosmetics said “We are delighted to support BGAUSS in their mission of providing clean mobility solutions. 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. We are excited to welcome BGAUSS to our portfolio and believe in their vision for an electric future.”

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EV startup BGAUSS raises $6.8M in Series A round

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