Funding · Mobility & Logistics
Green Tiger Mobility raises ₹25 crore for expansion
By Startup Enthusiast ·
- Date
- Company
- Green Tiger Mobility
- What it does
- Retrofit EV solutions for two-wheelers
- Kind
- Funding
- Amount
- ₹21 crore
- Stage
- angel
- Based in
- Bangalore
- Sector
- Mobility & Logistics
What they do
Green Tiger Mobility makes retrofit kits that turn existing petrol two-wheelers into electric or hybrid vehicles
What happened
The company is closing a ₹25 crore funding round, adding to ₹21 crore raised earlier from angels and Bajaj Motors
Why it matters
It plans to expand beyond Bangalore to four more Indian states and aims to become a global leader in retrofitting
The details
- Green Tiger Mobility is closing a ₹25 crore funding round.
- The company has raised ₹21 crore in earlier rounds, including from Bajaj Motors.
- It offers retrofit kits that convert existing petrol two-wheelers into electric or hybrid vehicles.
- The kits include independent hybrids and portable home-charge batteries.
- Hybrids use petrol as backup when battery power runs low.
- The company targets India's 30 crore existing two-wheelers.
- It plans to expand to Telangana, Maharashtra, Tamil Nadu, and Delhi.
- It already serves 1,000+ consumers in Bangalore.
The bigger picture
- The company's model focuses on retrofitting over scrapping, aligning with a reduce-reuse-recycle ethos.
- It also recycles lithium to cut import dependence.
- The expansion targets regions with dense networks and cultural preference for reuse.
- The founder's background in banking and infrastructure financing supports the venture's credibility.
About the business
- Green Tiger Mobility provides retrofit EV solutions for two-wheelers.
- Its products include independent hybrids and portable home-charge batteries.
- The hybrid system uses petrol as backup for extended range.
- The company operates in Bangalore with over 1,000 consumers.
- It holds 6 patents for its technology.
- The business model emphasizes retrofit over scrapping to reduce waste.
- It recycles lithium to reduce import reliance.
- The name reflects sustainability (Green) and reliable power (Tiger).
What happens next
- Expand to Telangana, Maharashtra, Tamil Nadu, and Delhi.
- Grow beyond 1,000 Bangalore consumers.
- Aim to become synonymous with retrofit (like Xerox).
- Target to be world's largest retrofit EV company in 3 years.
- Aim for top-10 EV two-wheeler globally.
- Target South and Southeast Asia markets.
The deal
- Type
- angel
Founders
- Ashish Dokania, Founder
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