BGauss Secures $19 Million Investment from Bharat Value Fund to Boost EV Growth
Electric two-wheeler manufacturer BGauss has raised $19 million from Bharat Value Fund (BVF), a major investment aimed at fueling the company’s expansion in both domestic and international markets. The Pune-based firm plans to utilize the funding for various purposes, including scaling up its production capabilities, expanding its dealership network, and enhancing its in-house research and development (R&D) efforts to support upcoming product launches.

Electric two-wheeler manufacturer BGauss has raised $19 million from Bharat Value Fund (BVF), a major investment aimed at fueling the company’s expansion in both domestic and international markets. The Pune-based firm plans to utilize the funding for various purposes, including scaling up its production capabilities, expanding its dealership network, and enhancing its in-house research and development (R&D) efforts to support upcoming product launches.
Founded in 2020 by Hemant Kabra, one of the promoters of the electrical conglomerate RR Global, BGauss aims to solidify its position in the highly competitive electric vehicle (EV) market. The company has outlined ambitious plans to launch two new products this year, following the successful introduction of its RUV 350 scooter in June 2024. The RUV 350, equipped with a 3.5-kilowatt electric motor, delivers a peak torque of 165 Nm and offers a top speed of 75 kmph, reflecting the company’s focus on reliable and efficient EV solutions.
Currently serving around 45,000 customers, BGauss intends to expand its dealership network from 120 to 500 outlets while establishing over 1,000 touchpoints across India. Additionally, its manufacturing capacity, currently at 100,000 units annually, is set to increase in response to growing demand. Kabra emphasized the significance of the investment, stating, “This funding will accelerate our mission to be among the top five EV two-wheeler players and bring cutting-edge, reliable electric scooters to the market.”
In the fiscal year 2024, BGauss reported a revenue of $21 million, alongside a net loss of $5.8 million. However, the company aims to close the current financial year with an estimated revenue of $30 million. This growth comes amid intensifying competition in India’s electric two-wheeler market, with established players like Ola Electric, Bajaj Auto, TVS Motor Company, and Ather Energy vying for market dominance. Notably, Ola Electric has faced challenges, including regulatory issues and customer complaints, which have impacted its market share.
Bharat Value Fund, an Alternative Investment Fund managed by Madhu Lunawat, focuses on supporting growth-stage, profitable enterprises. Lunawat highlighted the fund’s commitment to sustainability, noting, “As early advocates of sustainable mobility, we’ve been actively tracking and supporting eco-friendly initiatives since pre-pandemic times.”
The investment represents a significant step for BGauss in scaling its operations and solidifying its presence in the EV sector. With plans to diversify its product offerings and strengthen its market presence, the company is positioning itself to capitalize on the growing demand for sustainable transportation solutions in India and beyond.