iGoWise Mobility (iGo), India’s first smart electric trike developer with 100% in-house R&D and 12 patents, has raised ₹8.2 crore in cumulative funding from ISB Angels, 888VC, and a recent bridge round led by Guptaji VC. The company’s first product, the BeiGo Rugged Utility Vehicle, is set for market launch in a record 32 months.
The startup’s trikes feature a patented anti-topple swivelling mechanism and on-demand self-balancing system, making them five times more cost-effective, three times more energy-efficient, and twice as compact as global peers. Built on iGo’s proprietary TwiiGo lightEV platform, the trikes are designed to glide over potholes, climb steep slopes, and navigate congested urban traffic, while triple-disc anti-skid CBS ensures enhanced safety. According to the company, riders could save significantly on fuel and even boost their monthly income potential by ₹7,500.
The fresh funding will be used to streamline production through tooling and automation, expand after-sales and customer experience channels, develop new variants, and strengthen working capital to meet existing demand.
Sravan K Appana, Founder & CEO of iGo, said: Our journey has always been about redefining mobility to do better with less — better safety, better comfort and better accessibility with less capital, less time to market, and less dependence on imports. We’ve proven that India can build world-class EV solutions that create real economic value and social impact.
Backed by over 1 lakh km of real-world customer usage data, iGo plans to deploy 1,500 trikes in the next 12–18 months across Bengaluru, Hyderabad, Pune, and Panjim, in partnership with fleet operators such as Hala Mobility and Elektric Express.
Investor Ravi Teja Guptaji, Founder of Guptaji VC and GREAT (Global REbuild Accelerator Technology), highlighted iGo’s urban relevance: iGo’s patented anti-topple technology is the only solution for India’s terrible traffic and parking problems. For narrow, congested lanes, a slim and stable leaning trike is most suitable. We are committed to doubling down on this high-impact startup with a $2 million seed follow-up round in 2026.
With its frugal innovation model and indigenous supply chain, iGoWise Mobility is positioning itself as a pioneer of slim, stable, and sustainable micro-mobility solutions, aiming to set global benchmarks in affordable EV innovation.
