Pune: Electric two-wheeler manufacturer BGauss has raised INR 161 crore in funding from Bharat Value Fund (BVF), a renowned mid-market investment firm. This investment marks BVF’s seventh major funding in recent months and aims to accelerate BGauss’s expansion, manufacturing, and product development strategies.
Plans for Growth
BGauss, part of RR Global, plans to leverage the funding to expand its production capacity, strengthen its dealership network, and launch two new electric scooter models tailored for the Indian market. The company’s immediate goals include:
Increasing dealerships from 120 to 500.
Scaling manufacturing beyond the current capacity of 100,000 units annually.
Expanding its footprint internationally, targeting Europe and SAARC nations.
BGauss’s strategic push aligns with its ambition to rank among India’s top five electric two-wheeler manufacturers, capturing a larger share of the rapidly growing EV market.
Industry Support and Collaboration
BVF’s Chief Investment Officer, Madhu Lunawat, expressed enthusiasm for the partnership, stating, “BGauss is led by a visionary founder, Hemant Kabra, and embodies sustainable mobility. This collaboration represents our shared commitment to driving positive environmental change.”
BGauss Founder and MD, Hemant Kabra, emphasized the company’s goals, saying, “This funding will propel us towards becoming a top player in the EV segment. We are committed to delivering innovative, reliable electric scooters designed and made for India.”
Market Position and Innovation
With over 40,000 customers and a 1.5% market share, BGauss currently ranks among India’s top seven electric two-wheeler brands. Backed by a strong in-house tech team, the company continues to refine its powertrain and battery technology to meet the growing demand for eco-friendly mobility solutions.
BGauss’s current investors, including Darshan Patel of Vini Cosmetics, remain confident in its vision. “Our journey with BGauss has been exceptional. With Bharat Value Fund on board, we are excited to see the company achieve even greater success,” said Patel.
