GearHead Motors funding: E-bike startup GearHead Motors raises Rs 6 crore in funding
D2C e-bike startup GearHead Motors on December 30 announced that it raised Rs 6 crores as part of its seed funding round led by Hemin Shah, Director of Collabera USA, and Sudhakar Moparthy, Director of Skillbanc USA.
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The fresh funds will be used to expand the startup’s operations pan India of high-quality electric bikes to accelerate growth in electric vehicles.
The funding comes at a time when there is a rise in climate awareness while people are shifting towards health and fitness while choosing sustainable products.
Founded in 2020 by Nikhil Gunda and Meher Sai, the brand works to bridge the gap between the global supply of electric vehicles and the needs of Indian customers.
“Currently there has been a rise of Electric Vehicle penetration in the Indian Market by foreign companies trying to sell their substandard products. Due to these products being imported, they often do not align with Indian conditions, and hence the demand for Electric Vehicles in the market is seen to be on a decline,” said Nikhil Gunda, founder, GearHead Motors.
The Hyderabad-based startup is also building an ecosystem that is set to support sustainable mobility in the future.
Discover the stories of your interest
The e-bike market size is increasing and is projected to reach $80.6 billion by 2027.
The increase in demand for sustainable mobility solutions increased fuel prices, and the growing interest in cycling as a fitness and recreational activity is segmented to the highest year-on-year growth from 2021.
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D2C e-bike startup GearHead Motors on December 30 announced that it raised Rs 6 crores as part of its seed funding round led by Hemin Shah, Director of Collabera USA, and Sudhakar Moparthy, Director of Skillbanc USA.
![]()
The fresh funds will be used to expand the startup’s operations pan India of high-quality electric bikes to accelerate growth in electric vehicles.
The funding comes at a time when there is a rise in climate awareness while people are shifting towards health and fitness while choosing sustainable products.
Founded in 2020 by Nikhil Gunda and Meher Sai, the brand works to bridge the gap between the global supply of electric vehicles and the needs of Indian customers.
“Currently there has been a rise of Electric Vehicle penetration in the Indian Market by foreign companies trying to sell their substandard products. Due to these products being imported, they often do not align with Indian conditions, and hence the demand for Electric Vehicles in the market is seen to be on a decline,” said Nikhil Gunda, founder, GearHead Motors.
The Hyderabad-based startup is also building an ecosystem that is set to support sustainable mobility in the future.
Discover the stories of your interest
The e-bike market size is increasing and is projected to reach $80.6 billion by 2027.
The increase in demand for sustainable mobility solutions increased fuel prices, and the growing interest in cycling as a fitness and recreational activity is segmented to the highest year-on-year growth from 2021.
Stay on top of technology and startup news that matters. Subscribe to our daily newsletter for the latest and must-read tech news, delivered straight to your inbox.
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