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Pantomath’s Bharat Value Fund bets on EV startup BGauss

VCCircle · 3m

Pantomath’s Bharat Value Fund invested Rs 161 crore in electric vehicle startup BGauss, being the sole investor in the funding round. The investment will be used to boost BGauss's growth strategy, expand in India and internationally, and enhance its R&D for new product launches. The company plans to allocate the funds towards capital expenditure, marketing, and broader expansion efforts, including introducing two new electric two-wheelers this year.