In terms of funding, having raised Rs 52 crore in April this year, Kabra said, “At this point in time, we are adequately capitalised.”
With an aim to double production capacity to 2 lakh units annually by next year, electric two-wheeler maker BGauss Auto Pvt Ltd is planning an investment of around Rs 40 crore .
The company plans to have five to six products in the high-speed electric scooters segment after two years. It is also eyeing around 8-10 per cent of the fast-growing electric two-wheeler market in three years’ time.
BGauss Auto Founder and Managing Director Hemant Kabra told PTI that the company’s manufacturing plant at Chakan in Pune has an annual capacity of one lakh units at present and can be scaled up to 2 lakh units.
With plans to sell around 1 lakh units in the ongoing fiscal, BGauss Auto is now gearing up to increase its capacity to meet future demand.
In terms of funding, having raised Rs 52 crore in April this year, Kabra said, “At this point in time, we are adequately capitalised.”
BGauss Auto is also accelerating its network expansion to fuel its growth.
“Currently we have close to 100 dealerships, 52 are active and 48 will be active by next one month…We are targeting that by March 2023, we should have close to 250 dealerships in 160-odd cities,” Kabra said.
Asked if the company planned to expand beyond two-wheelers in the electric vehicles segment, he said, “For next three years we are going to be sticking to two-wheelers.”
