EV motorcycle startup Raptee raises $3 mn from Bluehill Capital

NEW DELHI

Premium EV Motorcycle Startup, Raptee to use USD 3 million raised in a Pre-Series A round led by deep-tech VC fund Bluehill Capital. The funds are towards augmenting the manufacturing facility, acquiring machinery, and 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 startup has also announced the appointment of C Suresh as the Head of Operations. At Raptee, Suresh will construct a comprehensive portfolio of operations in manufacturing engineering, quality, sourcing, and supply chain and projects with a focus on setting up the processes and building a strong team.

The company has filed for 45+ patents so far. 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 and across the Globe. Currently, India has over 9000 chargers installed which is comparable to the number of fuel pumps. The high-voltage technology that is a critical part of Raptee motorcycles will also ensure a much safer battery pack, with increased battery life, and most importantly will address range anxiety.
The first motorcycle is expected to debut in early 2024, with two experience centres in Chennai and Bangalore, subsequently expanding to 8 more cities by the end of the first year. Raptee has initiated R&D for the next line of products and is planning to expand the team size to 150 in line with the business plan. Raptee’s progress has also been noticed by the Tamil Nadu Government, which has subsequently allocated a 36-acre property for the company along with other incentives for scaling up manufacturing.