Electric two-wheeler startup BGauss raises Rs 161 crore from Bharat Value Fund
Electric two-wheeler manufacturer BGauss has raised Rs 161 crore in funding from Bharat Value Fund (BVF).
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The funding round includes a mix of primary and secondary capital. The funds will be used to expand the Pune-based company’s presence in India and overseas.
Also, it plans to allocate the funds toward capital expenditure, marketing efforts, and enhancing in-house research and development (R&D) for upcoming product launches.
BGauss is set to launch two new products this year, according to its founder and managing director, Hemant Kabra. In June 2024, the company introduced its latest scooter, the RUV 350, which features a 3.5-kilowatt electric motor, delivers a peak torque of 165 newton metres (Nm), and offers a top speed of 75 kilometres per hour (kmph).
The company, which currently serves around 45,000 customers, aims to expand its dealership network from 120 to 500, with a target of establishing over 1,000 touch points across India. BGauss’s manufacturing capacity, currently at 100,000 units per year, is also set to scale as demand increases, he said.
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