Raptee, a prominent startup in the premium electric motorcycle industry, has recently secured $3 million in a Pre-Series A funding round, led by deep-tech VC fund Bluehill Capital. This substantial investment will be utilized to enhance their manufacturing facilities, acquire state-of-the-art machinery and tools for their upcoming motorcycle launch, and expand their talented team. Raptee stands out in the market as a full-stack electric motorcycle manufacturer that has developed an impressive indigenous technological moat.
As part of their growth strategy, Raptee has appointed C Suresh as the Head of Operations. With his expertise, Suresh will establish a comprehensive portfolio of operations in manufacturing engineering, quality assurance, sourcing, and supply chain management. His focus will be on implementing efficient processes and building a robust team to support Raptee’s operations.
One notable achievement of the company is the filing of over 45 patents to date. Raptee takes pride in being the first Indian two-wheeler electric vehicle Original Equipment Manufacturer (OEM) to introduce high-voltage drive train technology. Additionally, they have integrated an on-board charger, enabling compatibility with the rapidly expanding CCS2 public charging network in India and around the world. India currently boasts over 9,000 installed chargers, equivalent to the number of fuel pumps in the country.
The high-voltage technology utilized by Raptee motorcycles not only ensures a safer battery pack but also increases battery life and effectively addresses range anxiety – a common concern for electric vehicle owners. Enthusiasts can anticipate the launch of Raptee’s first motorcycle in early 2024. To enrich the customer experience, the company plans to establish two experience centers initially in Chennai and Bangalore, with further expansion to eight more cities by the end of the first year.
To support their future endeavors, Raptee has already initiated research and development for their next line of products. Additionally, they aim to augment their team size to 150 employees, aligning with their ambitious business plan. The progress made by Raptee has garnered attention from the Tamil Nadu Government, which has generously allocated a 36-acre property and other incentives to bolster their manufacturing capabilities.
FAQs
1. What is Raptee?
Raptee is a premium electric motorcycle startup that specializes in full-stack manufacturing of electric motorcycles with advanced technological features.
2. What is the recent funding raised by Raptee for?
Raptee has raised $3 million in a Pre-Series A funding round to enhance their manufacturing facilities, procure advanced machinery and tools, and expand their team.
3. What is Raptee’s approach to electric vehicle technology?
Raptee takes pride in being the first Indian two-wheeler electric vehicle Original Equipment Manufacturer (OEM) to introduce high-voltage drive train technology. This technology allows for a safer battery pack, increased battery life, and addresses range anxiety concerns.
4. When will Raptee launch its first motorcycle?
Raptee plans to debut its first motorcycle in early 2024.
5. How does Raptee plan to expand its presence?
Raptee intends to establish two experience centers in Chennai and Bangalore initially, with further plans to expand to eight more cities by the end of their first year.