iGoWise Mobility raises Rs 8.2 Cr in pre-seed round

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iGoWise Mobility(iGo), a smart electric trike developer, has raised Rs 8.2 crore in a pre-seed funding round from several ISB Angels, 888VC and Guptaji VC.

The fresh funds will be utilized for tooling and automation to cut production costs, expand customer experience and after-sales channels, drive further R&D and new variants, and strengthen working capital to fulfill the current order book, iGo said in a press release.

Founded in 2020 by Sravan K Appana,, iGowise Mobility builds rugged, intelligent EV platforms tailored to urban India and Rural…



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iGoWise Mobility raises Rs 8.2 Cr in pre-seed round


iGoWise Mobility(iGo), a smart electric trike developer, has raised Rs 8.2 crore in a pre-seed funding round from several ISB Angels, 888VC and Guptaji VC.

The fresh funds will be utilized for tooling and automation to cut production costs, expand customer experience and after-sales channels, drive further R&D and new variants, and strengthen working capital to fulfill the current order book, iGo said in a press release.

Founded in 2020 by Sravan K Appana,, iGowise Mobility builds rugged, intelligent EV platforms tailored to urban India and Rural…



Source link

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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