Bgauss, an electric two-wheeler firm founded by RR Global’s promoters, has raised Rs 52 crore from a group of investors led by Darshan Patel, Founder of Vini Cosmetics Pvt. Ltd. — one of the leading names in the understanding of the Consumer mindset in India.
The funds will be used to support the company’s expansion ambitions, which include retail expansion in India, production capacity expansion, the launch of two new distinct products, as well as R&D and in-house product development across multiple electrical vehicle components. Since its entry into India’s two-wheeler electric vehicle (EV) segment in October 2020, this is Bgauss’ first ever cash raise.
Bgauss offers a variety of electric scooters across the country. It was founded in the midst of the pandemic in 2020 and continues to focus on developing machines that provide best-in-class lifestyle-enhancing mobility solutions. So far the brand’s created all of the components in-house, including the motor, battery and vehicle control unit while keeping long-term commercial interests, safety and consumer needs in mind.