Premium EV Motorcycle Startup, Raptee has raised USD 3 million in a Pre Series A round led by deep-tech VC fund Bluehill Capital.
The all-equity funding round saw participation from industry stalwarts including Eugene Mayne, Founder and CEO of Tristar Global (UAE), Mr. Lakshmi Narayanan, Former CEO Cognizant, Ramesh Kannan, Managing Director, Kaynes Technology, Mr. Chandu Nair, Director, Shankara Building Products and other HNIs from India and the UAE.
The funds will be allocated towards augmenting the manufacturing facility, acquiring machinery, tooling for the soon to be launched motorcycle, and to scale up the team.
Raptee is a full stack electric motorcycle manufacturer with a strong technological moat that has been developed indigenously. The Company has filed for 45+ patents so far.