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EV mobility start-up BattRE gets seed funding from Agility Ventures
Two-wheeler mobility start-up BattRE has raised an undisclosed amount for its seed fund from a group of investors led by Agility Ventures along with former Tata Motors’ top executive Gajendra Chandel. Currently it has a network of 400 plus dealerships in 21 states and 276 towns, across the country. Two more products are in the pipeline: a high-speed bike (DUNE) and a delivery scooter (Cool:IE). Such connected scooters can provide insights to the users and enable operational efficiency. “Our electric two-wheelers (E2W) are riding on our strategic differentiators – deep distribution, competitive pricing with advanced features,” said Nishchal Choudhary, Founder and CEO, BattRE. In a similar context, Dhianu Das, Founder, Agility Ventures, said that EVs are the future of mobility and is poised to reach $13.8 billion market size by 2027 while growing at a 100 per cent CAGR. Source: BusinessToday #EV
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