BGauss raises $12M Series D led by its founder to expand EV two-wheeler business
What's the deal? Indian electric two-wheeler maker BGauss has raised ₹110 crore (about $12 million) in a Series D round led by its founder, Hemant Mahendrakumar Kabra. Existing investor Bharat Value Fund and two others also took part.
What's the endgame? Founded by Kabra in 2020, BGauss builds electric two-wheelers as a subsidiary of RR GlobalDealroom has a profile for this one. Try Dealroom →. It will use the fresh capital to expand manufacturing, fund product innovation and R&D, and grow its dealership network across India.
Who advised? Khaitan & CoDealroom has a profile for this one. Try Dealroom → advised BGauss on the raise. Its team included partner Bhavik Narsana, senior associate Ipshita Dey, and associates Pragya Mishra and Sakshi Mehta.
The signal: A founder leading a company's own Series D is unusual and signals strong internal conviction. It also underscores continued investor appetite for India's electric two-wheeler market as manufacturers race to scale distribution nationwide.
Read more: barandbench.com
Image credit: Generated with Gemini
