VC Fund Investments
Premium electric bike maker Raptee raises $3-M from Bluehill Capital, others
Chennai-headquartered premium electric motorcycle maker Raptee has raised USD 3 million in a Pre-Series-A funding round led by Bluehill Capital. The funding round saw participation from Eugene Mayne, founder and CEO of Tristar Global (UAE); Lakshmi Narayanan, former Vice Chair of Cognizant; Ramesh Kannan, MD of Kaynes Technology; Chandu Nair, director of Shankara Building Products and other angel investors from India and the UAE. The funds will be used to enhance the manufacturing facility, procure machinery and tooling for the upcoming motorcycle launch, and expand the team. Founded in 2019, Raptee makes electric motorcycles and claims to have submitted more than 45 patent applications. The EV startup claims to have introduced a high-voltage drive train technology in India. It includes an integrated on-board charger, making its motorcycles compatible with the CCS2 public-charging network.
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