Smart mobility startup iGoWise Mobility (iGo) has raised ₹8.2 crore in a pre-seed investment round led by ISB Angels, 888VC, and Guptaji VC. The funding comes at a crucial stage as the company prepares to commercialize its first line of electric trikes in India.
The capital infusion will be used for tooling, automation, and production cost optimization, while also enhancing after-sales infrastructure, customer touchpoints, and R&D for upcoming models.
iGoWise also plans to strengthen its working capital position to meet existing order commitments.
Founded in 2020 by Sravan K Appana, the Bengaluru-based startup focuses on developing rugged and smart EV platforms designed for both urban and rural mobility needs.
Its flagship product, BeiGo, is positioned as India’s first electric pickup trike, bridging the gap between two-wheelers and oversized utility vehicles. Equipped with iGo’s patented anti-topple leaning system, BeiGo promises safer cornering, improved handling, and superior ride comfort.
With over 1 lakh km of real-world usage data, iGo is gearing up to deploy its first 1,500 vehicles across Bengaluru, Hyderabad, Pune, and Panjim over the next 12–18 months, in partnership with Hala Mobility and Elektric Express.
Also Read | Spacetech Startup Akashalabdhi Raises $1.2 Million in Pre-Seed Funding
The company claims its trikes are 5x more cost-effective, 3x more energy-efficient, and 2x more compact compared to international peers. Built on its proprietary TwiiGo lightEV platform, the vehicles come with triple-disc anti-skid CBS for added safety, while being capable of handling slopes, potholes, and heavy traffic.
iGoWise further projects that riders upgrading to its trikes could see a monthly income boost of up to ₹7,500, driven by fuel savings and greater utility.
