Mumbai-based electric vehicle startup, BGAUSS Auto Private Limited, has raised $6.8 million (Rs 52 crore) in its series A funding round from Darshan Patel, founder and managing director of Vini Cosmetics.
The startup plans to use the funds for the company’s growth plans, which include retail expansion in India, manufacturing capacity expansion, the launch of two new differentiated products, R&D, and in-house product development in various electric vehicle components.
This is the startup’s first fundraise since foraying into India’s two-wheeler electric vehicle (EV) segment.
The Mumbai-based BGAUSS was founded in 2020 by Hemant Kabra, It offers a range of premium-affordable electric scooters and focuses on bringing in products that deliver best-in-class lifestyle-enhancing mobility solutions.
“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 early May 2022 and another exciting product later during this year”, said, Hemant Kabra, Director, RR Global Founder and Managing Director at BGAUSS Auto.
“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”, he added.
The startup claims to offer low maintenance, quick charging and Internet-of-Things (IoT) among other features in its Ev scooters. All the components including motor, battery and vehicle control unit are developed in-house by the company keeping in mind the long term business interests, safety and consumer requirements.
The startup currently has over 13 manufacturing facilities across the country, 42 marketing offices with over 4,000 employees, and over 25,000 retail touchpoints.
“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”, said, Darshan Patel, Founder and Managing Director, Vini Cosmetics.
BGAUSS, a lifestyle enhancing solution comes from one of the veterans in electrical solutions – RR Kabel, and the house of RR Global. BGAUSS is a dynamic, stylish, premium-yet-affordable automobile brand. BGAUSS is a range of premium electric automobiles, designed especially for urban and developing areas, with an objective to elevate lifestyles and conserve the environment. With a fluid design, ease, comfort, low maintenance, great power, quick charging and more features that make everyday life easier and more convenient.
Embodying the idea of a peaceful commute, BGauss offers zero emissions. It is a brand that focuses on cutting-edge technology and research to enhance efficiency, reliability, and safety.
BGAUSS aims to deliver high-quality, sensible and efficient products enhanced by technology and innovation with a customer-first approach, transparency, trust and values. Founder and Managing Director of BGAUSS – Mr. Hemant Kabra’s vision for BGAUSS is to drive a more sensible, smarter change in daily commute and lifestyle, and be a brand that people aspire to possess in the electric automobile segment.