BGauss, an electric two-wheeler manufacturer, has successfully raised ₹161 crore in a funding round led by Bharat Value Fund (BVF), managed by Madhu Lunawat of Pantomath Capital Management. Founded in October 2020 by Hemant Kabra under RR Global, BGauss initially bootstrapped with undisclosed seed capital and angel investments. Its first significant institutional funding occurred in April 2022, when it raised ₹52 crore, led by Darshan Patel of Vini Cosmetics.
With the recent ₹161 crore from BVF in January 2025, BGauss’s total known funding now stands at ₹213 crore. Revenue increased from ₹110 crore in FY23 to ₹177 crore in FY24, although losses nearly doubled to ₹49.65 crore as the company scaled operations.
The new funding will be strategically allocated to enhance manufacturing, research and development, and marketing efforts. BGauss launched its first products, the BG B8 and BG A2, in October 2020, targeting urban users with low-speed scooters. Subsequent launches included the high-speed BG D15 series in May 2022, the C12i in September 2022, and the RUV 350 in June 2024, with the latter targeting performance riders. Upcoming launches in 2025 will introduce a mid-range commuter and a high-performance variant, supported by a 500-dealership expansion.
Sales have surged from 130 units in October 2022 to a peak of 3,114 units in October 2024, totaling 3,998 units sold since inception. The investment will facilitate further growth through new products and an expanded dealership network.
As India’s electric two-wheeler market consolidates, BGauss aims to strengthen its position against major players like Ola Electric and TVS Motor, despite facing challenges from established brands and potential demand fluctuations. BVF’s investment, aimed at growth-stage companies, signals a potential path to a public listing for BGauss by 2027-2028, leveraging its status as a top-10 player in the market.
