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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