Gajendra Chandel, Former President at Tata Motors, has ploughed in an unknown amount in e-scooter startup firm, BattRE Electric Mobility Pvt. Ltd, according to a media report.
BattRE will use the funding for launching new models, increasing its production capacity as well as scaling up its distribution and service network, BattRE said in its statement, as reported by daily news, VC Circle.
Under his mentorship, we are confident of achieving our vision of providing an affordable and aspirational e-scooter, BattREs Founder, Nishchal Chaudhary told the daily news.
Individually, Chandel told the daily news, The electric vehicle segment had tremendous potential because of government policy focus as well as the larger clean-technology ecosystem.
It (BattRE) differentiates itself from its competitors because of its internet-of-things connected electric scooter, which uses cloud-based GPRS to connect with a mobile application to store vehicle-related data in the cloud. The vehicles owners will be able to use the app to locate nearby charging points as well as check on the scooters maintenance requirements, BattRE told the daily news.
The company added, Its scooters run on lithium ferro-phosphate batteries that last longer than traditional lead-acid batteries.
The investment in Jaipur-based e-scooter startup, BattRE happens following the Series C round of dockless e-scooter startup, Bounce, which was led by its existing VC firms, Sequoia and Accel.