Electric two-wheeler manufacturer BGauss has raised ₹110 crore in Series D funding, providing the company with fresh capital to expand its operations and product portfolio in India’s increasingly competitive electric scooter market.
What makes the round particularly notable is its lead investor.
BGauss founder Hemant Mahendrakumar Kabra personally invested ₹50 crore, accounting for roughly 45% of the round.
Existing investor Bharat Value Fund contributed another ₹44 crore, while Adesh Realtor LLP invested ₹10 crore and Maithan Alloys invested ₹6 crore.
The transaction values BGauss at an estimated ₹1,000 crore to ₹1,100 crore on a post-money basis.
BGauss Issues Series D CCPS
According to regulatory filing details, BGauss approved the allotment of 17,26,846 Series D compulsorily convertible preference shares at an issue price of ₹637 per share.
Each share carries a face value of ₹10 and a premium of ₹627.
The fresh funding is expected to support product development, operational expansion and the company’s wider market growth plans.
BGauss was founded in 2020 and operates in India’s electric scooter market, where competition now includes both new-age EV companies and established two-wheeler manufacturers.
Its latest capital infusion comes after Bharat Value Fund backed BGauss with ₹161 crore in 2025, when the company outlined plans to strengthen manufacturing, R&D and its dealership footprint.
Founder Capital Makes This Round Interesting
Founder-led financing at this stage makes the structure of the latest round unusual.
Kabra’s ₹50 crore contribution is larger than that of any individual external investor in the transaction.
Bharat Value Fund’s ₹44 crore participation also represents continued institutional backing after its earlier investment.
The combination gives BGauss additional financial room at a time when India’s electric two-wheeler sector is becoming harder, rather than easier, to compete in.
Consumers now have products from Bajaj, TVS, Ather, Ola Electric, Hero MotoCorp and several smaller manufacturers.
Capital therefore needs to translate into more than production capacity.
Companies require product development, dealerships, service coverage, brand building and reliable after-sales support.
Sales Growth Gives BGauss Something to Build On
BGauss recorded 5,518 retail registrations in July 2026, according to reporting around the funding round, representing close to threefold year-on-year growth.
That gives the company a growing base from which to deploy the new capital.
The ₹110 crore Series D does not automatically guarantee a larger market position. India’s electric scooter market has already demonstrated how quickly competitive rankings can change.
But the round gives BGauss something every challenger needs in the current environment: capital, continued investor support and meaningful founder commitment at the same time.
The next question is how efficiently BGauss converts those three advantages into sustainable market share.
All India EV – Investment & Funding
