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Funding · Mobility & Logistics

Green Tiger Mobility raises ₹25 crore for expansion

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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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