Bengaluru-based EV startup iGo Mobility has secured ₹8.2 crore in pre-seed funding to accelerate the rollout of its innovative electric trike platform. The funding round saw participation from ISB Angels , 888VC , and Guptaji VC .
The company’s flagship product, the BeiGo Rugged Utility Vehicle , has been under development for nearly three years and is designed to serve both urban and rural markets. Built on iGo’s proprietary TwiiGo platform , the trike features a patented anti-topple swiveling mechanism , self-balancing technology , and triple-disc brakes for greater stability and safety on challenging Indian roads.
With this fresh capital, iGo will invest in tooling, automation infrastructure, R&D for new variants, expanding service networks , and fulfilling early demand. The company already holds 12 patents and has collected over 1,00,000 km of real-world usage data to fine-tune its vehicles.
Over the next 12–18 months, iGo plans to expand operations across Bengaluru, Hyderabad, Pune, and Panjim , with an initial deployment of 1,500 trikes through fleet partnerships with Hala Mobility and Elektric Express .
Founder and CEO Sravan K. Appana highlighted that iGo’s vision is to create cost-efficient, fully indigenized EVs that can compete with both two-wheelers and conventional commercial vehicles. Investors echoed this sentiment, noting that the company’s technology-first approach and localized supply chain position it well for India’s fast-growing EV ecosystem.
A larger $2 million seed round is expected in 2026, as iGo looks to scale production and strengthen its market presence.
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