Electric two-wheeler startup Motovolt Mobility raised $1.9 million in Pre-Series A led by Wami Capital

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Electric two-wheeler startup Motovolt Mobility raised $1.9 million in Pre-Series A led by Wami Capital where PPAP Automotive, JK Group’s Vikrampati Singhania, Crystal Crop’s Ankur Agarwal and PeeSafe’s Vikas Bagaria have also participated.

Motovolt operates electric bikes and two-wheelers with a top speed of less than 25 kmph and a rated power of less than 250W. According to a press release, the company intends to use the funds to launch new products, launch marketing campaigns, and expand its presence across India by opening more retail locations. In India, the company operates over 35 retail outlets.

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Electric two-wheeler startup Motovolt Mobility raised $1.9 million in Pre-Series A led by Wami Capital

Electric two-wheeler startup Motovolt Mobility raised $1.9 million in Pre-Series A led by Wami Capital where PPAP Automotive, JK Group’s Vikrampati Singhania, Crystal Crop’s Ankur Agarwal and PeeSafe’s Vikas Bagaria have also participated.

Motovolt operates electric bikes and two-wheelers with a top speed of less than 25 kmph and a rated power of less than 250W. According to a press release, the company intends to use the funds to launch new products, launch marketing campaigns, and expand its presence across India by opening more retail locations. In India, the company operates over 35 retail outlets.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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