Electric Two-Wheeler Startup, BGauss Auto Raises Rs. 52 Crore
An electric two-wheeler startup, BGauss Auto has raised Rs. 52 crore from a group of investors led by Darshan Patel, Founder of Vini Cosmetics.
BGauss says that the funds will be utilized for the company’s growth plans including retail expansion in India, manufacturing capacity expansion, the launch of two new differentiated Products, R&D and in-house product development across various electrical vehicle components.
BGauss forayed in India’s electric two-wheeler segment in October 2020 in the midst of the Pandemic and this is the first-ever round of fundraised by BGauss.
Hemant Kabra, Director, RR Global & Founder and Managing Director, 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.”
The company is all set to launch its first product D15 in early May 2022 and the second product later this year. BGauss is also expanding their dealer network across India.
Darshan Patel, Founder of Vini Cosmetics, said “EVs are the future and like any new technology-based products, there will be a learning curve for all players. BGauss’s upcoming products look very promising and will help them grow faster.”
