Konwert India Motors raises pre-Series A funding from The Chennai Angels to scale electric auto-rickshaw retrofit conversions across India and international markets.
Round Type
Pre-Series A
Investors
Description
Konwert India Motors, a Coimbatore-based electric mobility company, has raised a pre-Series A round from The Chennai Angels, with participation from existing investors Campus Angels Network, Keiretsu Forum Chennai, and Native Angel Network. The company converts petrol, CNG, and LPG auto-rickshaws into electric vehicles at roughly half the cost of new electric three-wheelers. Konwert will use the funds to expand sales, develop new products, and enter additional markets in India and internationally. The retrofit process takes 90 minutes and enables drivers to save approximately INR 12,000–15,000 monthly on fuel costs.
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