Bgauss raises Rs 52 crore in series A round

Bgauss, an electric two-wheeler company promoted by the promoters of RR Global, announced that it has raised Rs 52 crore from a group of investors led by Darshan Patel, Founder, Vini Cosmetics Pvt. Ltd, one of the leading names in understanding of consumer mindset in India.

The funds will be utliised for the company’s growth plans including retail expansion in India, manufacturing capacity expansion, launch of two new differentiated Products, R&D and in-house product development across various electrical vehicle components. This is the first ever fund raise by Bgauss since its foray into India's two-wheeler electric vehicle (EV) segment in October 2020.

Bgauss has a range of dynamic, stylish, premium-yet affordable electric scooters, which have been well-received by satisfied consumers across the country. Launched in 2020in the midst of the pandemic, Bguass, continues to focus on bringing products that offer best in class lifestyle enhancing mobility solutions.All the components like the motor, battery, vehicle control unit etc. have been developed in-house by the brand keeping long term business interests, safety and consumer requirements in consideration.