emotorad

Electric bicycle maker EMotorad raised Rs 164 crore in a funding round led by growth-stage venture capital firm Panthera Growth Partners. The funding round also saw participation from startup scaling firm xto10x, venture debt fund Alteria Capital and existing investor Green Frontier Capital. About Rs 144 crore of the total funding was raised in an equity round, while Rs 20 crore was raised in debt funding from Alteria Capital.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIM…

EMotorad, an Indian startup manufacturing electric bikes, raised $20 million in a Series B round as it aims to disrupt China’s market domination and expand its presence in global markets. The three-year-old startup has raised more than $22.5 million in total funding, with Singapore’s Panthera Growth Partners leading the latest round, along with participation from Alteria Capital, xto10x Technologies, and Green Frontier Capital — the startup’s existing investor. Additionally, the fresh funding round includes a debt of…

Electric bike startup EMotorad said that it is expanding its presence to Europe and will target five countries in the region to begin with. Besides India, the company has operations in the UAE, Japan, and Nepal. Europe is one of the largest and fastest-growing markets for electric vehicles with an affluent customer base, which will provide EMotorad with a huge opportunity to produce electric cycles for the mass market, it said. The company said it is eying to sell some 3,000 e-bikes in the first few quarters across…