CHENNAI: Electric motorcycle startup Raptee has raised $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-CEO of Tristar Global (UAE), Lakshmi Narayanan, former CEO Cognizant, Ramesh Kannan, MD, Kaynes Technology, 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,” said the company in a statement.
