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iGoWise Mobility raises Rs 8.2 Cr in pre-seed round

EntrackrEntrackr · 2d ago
iGoWise Mobility raises Rs 8.2 Cr in pre-seed round
Medial

iGoWise Mobility raises Rs 8.2 Cr in pre-seed round iGoWise Mobility(iGo), a smart electric trike developer, has raised Rs 8.2 crore in a pre-seed funding round from several ISB Angels, 888VC, and Guptaji VC. The fresh funds will be utilized for tooling and automation to cut production costs, expand customer experience and after-sales channels, drive further R&D and new variants, and strengthen working capital to fulfill the current order book, iGo said in a press release. Founded in 2020 by Sravan K Appana, iGoWise Mobility builds rugged, intelligent EV platforms tailored to urban India and Rural Bharat. BeiGo, is the first electric pickup Trike in its product line aiming to bridge the gap between two-wheelers and oversized expensive vehicles, equipped with patented anti-topple leaning technology for enhanced ease of handling, cornering, and ride comfort. With over 1 lakh km of real-world customer usage data across diverse terrains and entrepreneurs. Over the next 12–18 months, the company plans to expand in Bengaluru, Hyderabad, Pune, and Panjim, deploying the first 1,500 trikes with fleet partners including Hala Mobility and Elektric Express. According to the Bengaluru-based startup, its patented anti-topple swiveling mechanism and on-demand self-balancing system make its leaning trikes 5X more cost-effective, 3X more energy-efficient, and 2X more compact than the global peers. Built on the proprietary TwiiGo lightEV automobile platform, the trikes glide smoothly over the potholes, scale the toughest slopes with ease, zip through heavy traffic, and offer triple-disc anti-skid CBS for maximum rider safety & road grip. iGo says that its first product in its line BeiGo Rugged Utility Vehicle is all set for market launch within a time-span of 32 months. Riders upgrading to an iGo trike can not only save money on fuel but actually boost their income potential by up to Rs 7,500 per month. The other notable players in this space are Zen Mobility, Vaidyuthi Mobility, and Speedloop Auto.

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Gully Labs raises Rs 8.7 Cr in seed round led by Zeropearl VC

EntrackrEntrackr · 4m ago
Gully Labs raises Rs 8.7 Cr in seed round led by Zeropearl VC
Medial

Gully Labs raises Rs 8.7 Cr in seed round led by Zeropearl VC Sneaker brand Gully Labs has raised Rs 8.7 crore in a seed funding round — comprising Rs 7.6 crore in equity and Rs 1.1 crore in venture debt. The equity round was led by Zeropearl VC along with participation from Untitled Ventures, Atrium Ventures, and other prominent angel investors including Bounce co-founder & CEO Vivekananda Hallekere, Suhasini Sampath, Nishchay AG, Renee Cosmetics founder Ashutosh Valani, Anurag Ramadasan, and Rahul Seth, while Stride Ventures led the debt investment. Prior to this, the company had secured Rs 1.1 crore in equity during its pre-seed round in 2024. The fresh capital will be deployed towards diversifying the product mix, expanding sales channels, and opening physical retail stores, Gully Labs said in a press release. Co-founded in 2023 by Arjun Singh and Animesh Mishra, Gully Labs crafts handmade sneakers, blending premium materials with culturally rich design stories — from Phulkari-embroidered trainers to Onam-inspired silhouettes. Gully Labs sells its products through its website and in select partner stores across Indian metros. The company plans to build a larger production facility, broaden its product line across diverse sneaker styles, and deepen its reach across India and global markets. It also plans to launch exclusive retail outlets as part of its omni-channel strategy.

Astrophel Aerospace raises Rs 6.84 Cr in pre-seed round

EntrackrEntrackr · 3m ago
Astrophel Aerospace raises Rs 6.84 Cr in pre-seed round
Medial

Snippets Astrophel Aerospace raises Rs 6.84 Cr in pre-seed round Deep-tech space startup Astrophel Aerospace has raised Rs 6.84 crore (around $800K) in a pre-seed funding round from a group of angel investors and venture firms. The Pune-based startup will use the funds to build a prototype of its reusable semi-cryogenic launch vehicle and to expand in-house R&D efforts focused on building advanced missile-grade guidance and propulsion systems. Founded in 2022 by Suyash Bafna, Astrophel Aerospace is building cost-effective, reusable launch vehicles specifically tailored for small satellites. It operates on a vertically integrated model designing, engineering, and testing propulsion systems in-house. The firm’s Astra C1 series rockets are powered by in-house developed semi-cryogenic engines and built using a combination of 3D printing and modular assembly. Astrophel claims to be among a limited number of Indian private companies to have successfully test-fired a semi-cryogenic engine, and achieved this with just Rs 6 lakh in internal resources and no external funding before this round. It is now aiming for a working, reusable prototype within the next 2–3 years. The startup is building its flagship Potentia C1U engine using modular design and manufacturing principles adapted from the automotive sector. Astrophel has also signed an MoU with ISRO to support co-development and testing. In India, its key competitors include Skyroot Aerospace, Agnikul Cosmos, Bellatrix Aerospace and Pixxel among others.

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