Electric bike maker RapteeHV in talks to raise $20-M

Chennai-based electric motorcycle maker RapteeHV is in discussions to raise USD 15-20 million in a Series A funding round. Existing investors are expected to participate significantly in the round.Founded in 2023, the company sells electric motorcycles and recently opened a showroom in Bengaluru. RapteeHV plans to use the new capital to ramp up production and expand its retail network, with new stores planned for Kochi, Hyderabad, Pune, and Gurgaon.The company has raised USD 15.9 million across various seed rounds to date. Previous investors include Bluehill.VC, Artha99, the Singhvi Heritage family office, and the Tamil Nadu Industrial Development Corporation.