Indian EV startup eBikeGo raises $1.5 million in pre-series A funding, Indian EV startup eBikeGo raises $1.5 million in pre-series A funding.
Sukhbir Singh (Bollywood Singer), Dr. Brahmanand Mohanty (Professor at Asian Institute of Technology), Alparslan Kutukcuoglu (Chairman of the board at Mungo Befestigungstechnik AG), Vijay Sivaram (CEO at Quess Corp Limited), Sameer Bulchandani (MD at Avdel India) and Sumant Singhal (CEO at Chiripal Poly Films), amongst others, participated in this round.
The startup had raised $700,000 last year through an angel round led by Rajesh Sawhney of GSF Accelerator, Rohit Chanana of Sarcha Advisors, Girish Chitale, Startup Buddy, and other angel investors, most of who participated in the current round. According to a statement by the company, EBikeGo plans to scale to 30 cities, touch 20 million deliveries and save 4,000 tons of Co2 emissions by 2022. The company partners with franchisee owners, NBFCs and OEMs through asset leasing models.
