Electric scooter maker E3 Electric raises Rs.100-Cr led by BluVenture

Bengaluru-based E3 Electric has raised INR 100 crore in a Series A funding round, consisting of a mix of equity and debt led by BluVenture Holdings, with participation from angel investors.Founded in 2024 by former TVS Motor executive P Sanjeev, the firm develops electric scooters designed for families and daily commuters. The company intends to use the fresh capital to accelerate product development and support its expansion plans across India. The funding will be primarily directed toward technology and intellectual property, supporting an asset-light operational model.