E-mobility startup Motovolt Mobility raises $1.9 million, or Rs 16 crore, in a pre-series A investment that was backed by Wami Capital. The D2C firm Pee Safe’s creator, Vikas Bagaria, also contributed to the funding round.
The money raised will be used largely to launch new products, launch marketing campaigns, and expand Motovolt’s distribution network across India.
With more than 100 POS, Motovolt is a leader in the smart e-bike market and has just entered a brand-new e-bike category.
Kolkata based Motovolt was started by Harvard University alumnus Tushar Choudhary in 1995. He has stated that Motovolt is much more than just an e-bike manufacturer and that it is a “movement in a world of infinite possibilities.”
He is committed to creating affordable e-mobility solutions and revolutionizing transportation in India. The Motovolt HUM electric bicycle has an impressive lithium-ion battery that ranges from 216 to 576Wh, 36V. The battery life is warranted for three years.
According to Motovolt, its selection of smart e-bikes has been created with the user’s comfort, riding environment, and riding style in mind.
It is rechargeable wherever, and whenever. Any standard charging station can be used, and a full charge takes two to three hours. Its range is 90 kilometers, and its average speed is 25 km/h.
Nearly 50 firms from India, Israel, the Middle East, and the US are included in Wami Capital’s portfolio. ShareChat, Charge+zone, Skyroot Aerospace, and SVISH-On-The-Go were all backed by funding in India.