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§ Private Profile · Pune, Maharashtra, India
Electric bicycle manufacturer of affordable e-bikes for commuters, fitness, adventure, with in-house component dev.
EMotorad is a Pune, Maharashtra-based manufacturer that designs and produces affordable electric bicycles for urban commuters, fitness users, and adventure seekers. The company develops key components in-house to achieve over 70% domestic value addition across its product lines, which include the EMX, Lil-E, and T-Rex models. Operating across B2C and B2B markets, the enterprise has expanded its reach to 18 Indian states and exports to clients in 58 countries. The mobility firm has generated over INR 300 crore in revenue within three years, selling more than 80,000 electric cycles while growing its workforce to over 40 employees. To support its manufacturing operations, the business recently secured a $25 million Series B investment following a pre-Series A round in early 2023. EMotorad was founded in 2020 by Rajib Gangopadhyay, Kunal Gupta, Aditya Oza, and Sumedh Battewar.
EMotorad has raised $20.0M across 1 funding round.
EMotorad has raised $20.0M in total across 1 funding round.
EMotorad has raised $20.0M across 1 funding round. Most recently, it raised $20.0M Debt / Series B in November 2023.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Nov 26, 2023 | $20M Debt Financing | Shilpa Kulkarni | Mahendra Singh Dhoni, Alteria Capital, Green Frontier Capital, Binny Bansal | Announced |
EMotorad has raised $20.0M in total across 1 funding round.
EMotorad's investors include Shilpa Kulkarni, Mahendra Singh Dhoni, Alteria Capital, Green Frontier Capital, Binny Bansal.