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Motovolt Mobility raises Rs 16 crore in Series A funding

The funds raised will be used primarily for new product introductions, marketing initiatives, and expanding Motovolt's footprint through more retail sites around the country.

November 25, 2022 10:12 IST | India Infoline News Service

E-mobility firm Motovolt Mobility Pvt. Ltd. has announced that it has raised Rs16 crore in pre-series A funding, which was headed by Wami Capital, a single-family office with its headquarters in Dubai.

Additional investors included PPAP Automotive, Ankur Agarwal of Crystal Crop, Vikas Bagaria (the creator of D2C firm Pee Safe), Vikrampati Singhania of JK Family, and other family offices.


The cash raised will be used primarily for new product introductions, marketing activities, and expanding Motovolt's presence across India through more retail outlets.

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