Raptee, a prominent electric motorcycle manufacturer, has successfully raised $3 million in a pre-series A funding round led by deep-tech VC fund Bluehill Capital.
The round witnessed participation from industry luminaries, including Eugene Mayne, Founder and CEO of Tristar Global (UAE), Lakshmi Narayanan, Former CEO of Cognizant, and Ramesh Kannan, Managing Director of Kaynes Technology, among others from India and the UAE.
The newly acquired funds will be used for the manufacturing facility, acquiring essential machinery and tooling for the company’s upcoming motorcycle launch and expanding the team’s capabilities.
Raptee is a comprehensive electric motorcycle manufacturer with a robust indigenous technological foundation. The company has filed for over 45 patents to date.
Dinesh Arjun, Co-founder CEO, Raptee, said, “India is the largest motorcycle market in the world, with EV adoption on the rise. At Raptee, we want to launch a motorcycle in a mid-premium segment for consumers who believe that EVs are a true upgrade from ICE vehicles. We are extremely fortunate to be backed by investors from the manufacturing and transportation industries who understand long-term value creation and can add strategic value for us as we gear up for production and scale-up. This being our first institutional round, we’re also proud to be backed by a DeepTech VC, Bluehill Capital. We’ve been refining and testing our vehicles, and the results are very promising. We are looking forward to launching it very soon.”
Manu Iyer, CEO & Partner, Bluehill Capital, said, “We strongly share the vision of the Raptee team to build world-class core EV technology right here in Chennai, India in a focused and cost-effective manner. Dinesh and his co-founders have diligently built the vehicle platform indigenously with intellectual property on various aspects of the vehicle sub-system. Having evaluated over 30 EV OEMs in India and having invested deeply in the EV and clean-tech ecosystem in India, we are impressed by Raptee’s cutting-edge tech and are excited to partner with them on their journey. We believe Raptee’s motorcycles will change the face of EV 2-wheelers in India,”
Raptee is the first Indian two-wheeler EV OEM to introduce high-voltage drive train technology, complemented by an onboard charger. This advancement renders it compatible with the rapidly growing CCS2 public charging network, which currently boasts over 9000 installed chargers in India, a figure comparable to the number of fuel pumps.
The high-voltage technology integrated into Raptee motorcycles ensures a much safer battery pack and extends battery life, effectively addressing range anxiety.
Earlier this year, Raptee was the sole OEM to receive a grant from ARAI (Automotive Research Association of India), the authoritative certifying body for automobiles in India, towards designing and developing high-voltage powertrain technology. The company anticipates the debut of its first motorcycle in early 2024, with experience centres in Chennai and Bangalore, followed by expansion into eight additional cities by the end of the inaugural year.
Raptee has already commenced R&D efforts for its following line of products and is preparing to augment the team size to 150 by its business strategy. The commendable progress made by Raptee has garnered recognition from the Tamil Nadu Government, resulting in the allocation of a 36-acre property for the company, along with other incentives to support manufacturing expansion.
Raptee has steadily expanded its team to over 50 members in the past year. The company’s swift advancement and visionary approach have led to the onboarding of esteemed suppliers for motorcycle components and seasoned industry leaders, promising quality delivery and streamlined turnaround times as production scales up.
Raptee has established its inaugural factory in Chennai, spanning three acres, which will serve as the primary hub for most of Raptee’s Research and Development team. With an annual capacity of 100,000 units, the facility will house on-site development and testing facilities and a dedicated battery pack assembly line. The projected investment for this factory is approximately INR 800 million crore.
Raptee’s EV motorcycle is slated for launch early next year, with plans to expand to 100 cities in India and explore select international markets conducive to their growth over the next three years.
Hero MotoCorp Reports 44% Wholesales Growth In February 2026
- By MT Bureau
- March 01, 2026
Hero MotoCorp, the world’s largest two-wheeler manufacturer, has recorded its highest YoY dispatch performance for February, with 558,216 units sold. This represents a 44 percent increase compared to the 388,068 units dispatched during the same month in 2025.
The company also reported an 18 percent increase in VAHAN registrations, totalling 458,346 units for the month.
Hero MotoCorp attributed the growth to the 100cc–125cc motorcycle segment and the scooter category, specifically the Xoom and Destini models.
VIDA, the electric mobility arm of Hero MotoCorp, recorded a threefold increase in market share compared to February 2025. Registrations for VIDA reached 12,514 units, reflecting a shift in consumer adoption of electric vehicles in the company's markets.
The international business division saw dispatches rise from 30,772 units to 41,248 units. This double-digit growth in global markets was attributed to demand for the company’s portfolio of premium motorcycles.
TVS Motor Company Sells 529,308 Units In February 2026
- By MT Bureau
- March 01, 2026
TVS Motor Company (TVSM), one of the leading two-wheeler and three-wheeler manufacturers, has recorded monthly sales of 529,308 units for February 2026, up 31 percent YoY, as compared to the 403,976 units sold last year.
The company’s international business achieved its highest sales to date, with total exports reaching 158,000 units during the month.
Total two-wheeler sales rose by 30 percent, increasing from 391,889 units in the previous year to 507,862 units. Within this segment, domestic sales grew by 32 percent, reaching 365,471 units.
In February 2026, the company sold 241,282 motorcycles, up 25 percent YoY, 219,895 scooters, up 34 percent YoY, while three-wheeler sales grew by 77 percent YoY to 21,446 units.
The electric vehicle (EV) segment recorded a 60 percent growth rate, with sales rising from 24,017 units in February 2025 to 38,386 units in February 2026.
Total exports for the company registered a 27 percent increase, moving from 124,993 units to 158,268 units. Two-wheeler exports specifically saw a 23 percent rise, reaching 142,391 units.
Hero MotoCorp Partners Haryana Police For Women’s Road Safety Rally
- By MT Bureau
- March 01, 2026
Hero MotoCorp, in collaboration with the Haryana Police and the Raahgiri Foundation, organised a women’s night rally titled #SheRidesForSafety. The event featured 150 women riders who completed a 9-kilometre route through the streets of Gurugram during late evening hours to promote road safety and inclusivity.
The rally was flagged off by Dr Arpit Jain, Deputy Commissioner of Police, Dr Rajesh Mohan, Deputy Commissioner of Traffic Police and Sanjay Bhan, Vice-President at Hero MotoCorp. During the event, fourteen women traffic police officers were honoured for their contributions to safe mobility.
The rally is a component of ‘Ride Safe India’, a three-month campaign launched in January 2026. The programme is based on the 4Es of road safety – Education, Engineering, Enforcement, and Emergency Care – as defined by the Ministry of Road Transport & Highways (MoRTH).
The campaign includes training sessions, awareness drives and school activations designed to establish safe riding as a social responsibility. By focusing on women at the centre of the narrative, the initiative aims to address safety and behavioural change across urban communities.
Latika Taneja, Head of Corporate Communications, Corporate Affairs & CSR, Hero MotoCorp, said, “As the world’s largest two-wheeler manufacturer, with millions riding Hero MotoCorp’s vehicles every day, road safety is not simply a priority, it is a responsibility that defines us. Through our Ride Safe India campaign, we are working to shape a culture of safety by driving sustained behaviour change across communities. Today’s women’s rally reaffirms our belief that safe mobility is fundamental to true empowerment because when women move freely and safely, societies move forward with them.”
Dr Arpit Jain, Deputy Commissioner of Police, Headquarters, Gurugram Police, stated, “Initiatives like the Ride Safe India go far beyond road safety awareness, they send a decisive message that our roads belong to every citizen, at every hour. We are proud to stand alongside Hero MotoCorp in creating a safer, more inclusive public space. As a department, we remain committed to partnering with organizations that translate intent into visible, on-ground impact.”
Suzuki Motorcycle Expands India Presence With First Sikkim Dealership
- By MT Bureau
- February 28, 2026
Japanese two-wheeler maker Suzuki Motorcycle India (SMIPL) has inaugurated Himalayan Suzuki in Gangtok, marking the company’s first retail entry into the state of Sikkim. With this opening, the subsidiary of Suzuki Motor Corporation now maintains a presence across every state in India.
The facility, located at Lower Sichey, operates as a ‘3S’ outlet, providing sales, service and spare parts. The expansion into the North-East is intended to address demand for vehicles capable of operating in terrain characterised by inclines and varied road conditions.
Himalayan Suzuki retails the company’s full domestic portfolio. The service wing is equipped with tools for maintenance and is staffed by professionals trained to manage the manufacturer's technical requirements.
The company’s product portfolio includes Access, Avenis, Burgman Street, and the electric e-ACCESS scooters. The GIXXER, GIXXER SF, GIXXER 250, GIXXER SF 250 and the V-STROM SX in the motorcycle segment.
Deepak Mutreja, Vice-President, Sales & Marketing, Suzuki Motorcycle India, said, “Sikkim is an important market for us in the North-East. The state’s unique terrain calls for two-wheelers that offer consistent performance and reliability across inclines and varied road conditions. Suzuki’s portfolio has been well accepted in such environments. With the inauguration of Himalayan Suzuki in Gangtok, customers will now have easier access to our complete range of scooters & motorcycles and after-sales support. We sincerely thank our dealer partner, Himalayan Suzuki, for their collaboration in making this possible. With this addition, SMIPL is now present across all states of India.”
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