BBROS Mobility raises USD 120K, targets raising USD 1M for e-2W launch
Faridabad-based BBROS Mobility secured an additional USD 120,000 in seed funding in October 2023 as part of an ongoing effort to raise a total of USD 1 million. The company is seeking investors and aims to conclude the funding round within the next few months. BBROS Mobility has successfully raised USD 305,000 to date with contributions from existing angel investors and new backers. The start-up had secured its initial seed investment of USD 185,000 from angel investors based in Canada.
“The funds will play a crucial role in BBROS Mobility’s strategic plans to introduce two electric scooter models by the third quarter of 2024“, said Shivander Singh – Founder and CEO of Bbros Mobility. The company will cater to premium and entry-level markets, with one model designed for the upscale segment and the other geared towards the mass commuter audience.
Also Read: BBROS Mobility secures seed investment of USD 185K to develop electric scooters.
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