BGauss Secures Rs 161 Crore Investment From Bharat Value Fund To Boost EV Expansion

BGauss, has raised Rs 161 crore from Bharat Value Fund (BVF), which is a mid-market growth investment house. With this investment, BGauss is planning to accelerate its growth strategy, increasing its footprint in India and abroad and update its in-house research and development for upcoming product launches.

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BGauss plans to deploy the newly raised funds into capex, marketing, and broader expansion efforts, including the launch of two new electric two-wheeler products in the current year. The company is also ramping up its goal to rank among the top five players in the Indian electric vehicle (EV) segment.

This investment is BVF’s seventh overall and its fourth in the consumer sector within three months. Other recent BVF investments include Millennium Babycare, Haldiram Bhujiawala, and Aniket Metals Pvt. Ltd.

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Hemant Kabra, Founder and Managing Director, BGauss, said, “We are thrilled to welcome Bharat Value Fund as a strategic partner in our growth journey. Their proven track record in nurturing profitable, growth-stage companies aligns perfectly with our ambition. This funding will accelerate our mission to be among the top five EV two-wheeler players and bring cutting-edge, reliable electric scooters to the market. We look forward to expanding our dealer network, boosting manufacturing capacity, and delivering two exciting new products fully designed, engineered, and made for India.”