Raptee has raised $3 million in a Pre Series-A round led by deep-tech VC fund Bluehill Capital after it received a grant from ARAI (Automotive Research Association of India) for the design and development of the high voltage powertrain earlier in March this year.
The company will launch two experience centres in Chennai and Bangalore and subsequently expand its markets to eight cities within the first year.
With over 45 patents under its name, Raptee is the first Indian two-wheeler EV OEM to introduce high-voltage drive train technology, along with an on-board charger, thereby making it compatible with the existing CCS2 public charging network, which is growing fast in India.
Dinesh Arjun, Co-founder and CEO, Raptee, stated, “This being our first institutional round, we’re also proud to be backed by a DeepTech VC, Bluehill Capital. We’ve been refining and testing our vehicles, and the results are very promising. We are looking forward to launching it very soon.”
This high-voltage technology by Raptee is a crucial element of its products, ensuring a safer battery pack with increased battery life and range.
Manu Iyer, CEO & Partner, Bluehill Capital, added that having evaluated over 30 EV OEMs in India and has invested deeply in the EV and clean-tech ecosystem in India, Bluehill Capital is impressed by Raptee’s cutting-edge tech and excited to partner with them on their journey.
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