BGAUSS raises Rs 52 crores in Series A funding round led by Darshan Patel, Founder of Vini Cosmetics Pvt. Ltd. BGAUSS is an electric two-wheeler brand promoted by RR Global.
The funds raised will be utilized for expansion plans of the company including retail, research and development, in-house product development and manufacturing capacity expansion for its electric vehicles.
BGAUSS also aims to launch two new models of its electric two-wheeler completely made in India. BGAUSS entered the Indian market in July 2020 and it has previously launched BGAUSS A2 and B8 electric scooters in the country.
Hemant Kabra, Director, RR Global & Founder and Managing Director, BGAUSS Auto Pvt. Ltd. said, “BGAUSS has seen tremendous growth and success from our existing products, in the last two years, which gives us 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 by early May 2022 and another exciting product later 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 Pvt. Ltd., 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.”
