E-bikes maker Raptee Energy to raise $11-M

Chennai-based Raptee Energy, a startup that is developing electric motorcycles, will launch its first set of vehicles in the market by July and is also in the process of raising its next round of funding of USD 11 million (over INR 81 crore). The funds will be used for road and lab testing and for the first batch of motorcycles. Raptee Energy was the first start-up to be incubated at the Atal Incubation Centre – Anna University in 2020.