Ev Motorcycle Startup Raptee Raises $3 Million In Funding Led By Bluehill Capital
Amount Raised
$3 Million
Round Type
Seed
ChennaiManufacturingAutomotiveDescription
Premium electric motorcycle startup Raptee on Tuesday said it has raised $3 million in a pre-Series A round led by deeptech venture capital fund Bluehill Capital.Other investors in the funding round include Eugene Mayne, founder and CEO of Tristar Global (UAE); Lakshmi Narayanan, former Cognizant CEO; Ramesh Kannan, managing director, Kaynes Technology; and Chandu Nair, director, Shankara Building Products, as per a statement.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIM LucknowIIML Executive Programme in Data ScienceVisitIndian School of BusinessISB Digital Marketing and AnalyticsVisitIndian School of BusinessISB Professional Certificate in Product ManagementVisitIndian School of BusinessISB Applied Business AnalyticsVisitThe Chennai-headquartered firm’s first line of electric motorcycles, which will launch early next year, will compete in the 250cc engine segment with its internal combustion engine-based counterparts.“However, the goal for Raptee is not to stay in the niche. It is to go and bring electric mobility to the masses, which will happen at a later date, but we're starting off with mid-premium because initially we do not have economies of sale,” co-founder and CEO Dinesh Arjun told ET.The price point for the motorcycle is at about Rs 2.5 lakh ($3,004.10), he added.Powered ByVideo Player is loading.Play VideoPlaySkip BackwardMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently behind liveLIVERemaining Time -0:00 1xPlayback RateChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions and subtitles off, selectedAudio TrackPicture-in-PictureFullscreenThis is a modal window.No compatible source was found for this media.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanOpacityOpaqueSemi-TransparentText BackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanOpacityOpaqueSemi-TransparentTransparentCaption Area BackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanOpacityTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.AdvertisementThe newly-raised funds will help Raptee upgrade its manufacturing facility, acquire machinery and tooling for its to-be-launched motorcycle, and to scale up the team, the statement said.Discover the stories of your interestBlockchain5 StoriesCyber-safety7 StoriesFintech9 StoriesE-comm9 StoriesML8 StoriesEdtech6 StoriesThe electric motorcycle manufacturer has filed for about 50 patents so far, Arjun told ET. The company claims to be the first Indian two-wheeler electric vehicle manufacturer to introduce high-voltage drivetrain technology along with an on-board charger, making it compatible with the existing CCS2 public charging network, which four-wheeler EVs rely on.The high-voltage technology ensures a safer battery pack with increased battery life and addresses range anxiety, the company said
Quick answer
Raptee raised $3 Million in a Seed round, dated September 27, 2023. Raptee is based in Chennai, Tamil Nadu, India.
- How much did Raptee raise?
- Raptee raised $3 Million in a Seed round on September 27, 2023.
- What does Raptee do?
- We at Raptee are driven by an innovative spirit to redefine Electric Mobility!
- Where is Raptee based and how big is it?
- Raptee is based in Chennai, Tamil Nadu, India. Fundz records about 99 employees.
- Who are the decision-makers at Raptee?
- Fundz holds 1 contact at Raptee. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Automotive and Manufacturing around the same time
Companies in the same sectors as Raptee that raised within 45 days of this round, from Fundz verified event records.
- Recochem raised an undisclosed amount on November 7, 2023.
- Carbon Revolution raised an undisclosed amount on November 6, 2023.
- PHOENIX MOTOR raised $3.4M (Seed) on October 26, 2023.
- Kinetic Automation raised $10M (Series A) on October 5, 2023.
- Jetson raised $15M (Funding Round) on October 3, 2023.
- Fisker raised $150M (Funding Round) on September 29, 2023.
Who to call at Raptee, and when
A new round usually means Raptee is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Raptee raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Raptee, from your own LinkedIn network
Works inside ChatGPT and Claude. Ask who to call at Raptee. With Fundz connected, it knows.
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Fundz sees it the moment Raptee raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Related People
Raptee raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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