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Vajram Electric raises $1.5 Million in a seed round of funding led by Nikul Gala & family. This was in addition to their marquee HNIs including Cyprian D’mello and Anil Basa.
Vajram Electric, a 100%-owned subsidiary of eBikeGo, was created to fulfill the former’s manufacturing needs.
Dr. Irfan Khan is the founder and CEO of eBikeGo. He noted that Vajram Electric has a plan to create an electric two-wheeler powertrain that will allow multiple vehicle configurations.
He stated, “The idea was to introduce and create world-class, fourth-generation electric vehicles from all over the globe, such as Muvi or Velocipedo, and significantly impact electric mobility’s current state.”