Funding · Mobility & Logistics

BGauss raises Rs 110 crore in Series D funding

By Startup Enthusiast · 20 August 2026

What they do

BGauss is an Indian manufacturer of electric scooters designed for local road conditions

The company secured Rs 110 crore in a Series D round led by founder Hemant Mahendrakumar Kabra

The capital will support operational expansion and product development as the company scales its market presence

BGauss raised Rs 110 crore in a fresh Series D funding round.
The board approved the issuance of 17,26,846 CCPS (compulsorily convertible preference shares) at Rs 637 per share.
Founder Hemant Mahendrakumar Kabra led the round with a personal investment of Rs 50 crore.
Existing investor Bharat Value Fund contributed Rs 44 crore to the round.
Adesh Realtor LLP and Maithan Alloys participated with investments of Rs 10 crore and Rs 6 crore respectively.
The company reached a post-money valuation between Rs 1,000 crore and Rs 1,100 crore.

The company intends to use the funds to expand operations and strengthen its product portfolio.
Founder participation in the round is intended to signal confidence to employees, dealers, and customers.
Electric vehicle companies require significant capital for manufacturing, charging infrastructure, and after-sales support.

BGauss manufactures electric scooters including models like the BG MAX C12 and BG RUV 350.
The scooters feature AI-enabled systems, IoT (Internet of Things) integration, and fast charging capabilities.
The company operates a network of over 200 dealerships across India.
Services include roadside assistance, a dedicated mobile app, and battery warranties up to 5 years.
The company reported 5,518 retail registrations in July 2026, representing significant year-on-year growth.
BGauss currently holds a 0.3% market share in the Indian electric two-wheeler segment.

Product: Electric scooters and related two-wheeler products.
Customers: Consumers and dealers buying electric two-wheelers in India and overseas.
How it makes money: Generates revenue by selling electric scooters through retail and distribution channels.
What sets it apart: Uses in-house developed components across the vehicle, including motor, battery and controller systems.
Operations: Expanding retail, manufacturing and R&D capabilities while adding new products.