GearHead Motors raises $723K in pre-seed round

GearHead Motors raises $723K in pre-seed round
GearHead Motors raises $723K in pre-seed round

With an aim to consistently contribute towards a more sustainable environment,  D2C startup – GearHead Motors today announced raising $723K as part of its seed funding round led by Hemin Shah – Director of Collabera USA & Sudhakar Moparthy – Director of Skillbanc USA.

After operating on their resources for two years, the fresh funds will be used to expand the startup’s operations pan India with their commitment to creating professional and high-quality electric bikes to accelerate growth in electric vehicles. Additionally, the company’s team plans on utilizing the investment to stabilize the technology of their operating system to create a much more sustainable industry.

The funding comes at a time when there is a rise in climate awareness while people are shifting towards health and fitness while choosing sustainable products. Founded in 2020 by Nikhil Gunda and Meher Sai, the brand works to bridge the gap between the global supply of Electric Vehicles and the needs of Indian customers. This feat of theirs is achieved through their indigenous and robust technology that is completely Made in India and Made for the Earth.

Commenting on the announcement Mr. Nikhil Gunda, Founder, of GearHead Motors said, “Currently there has been a rise of Electric Vehicle penetration in the Indian Market by foreign companies trying to sell their substandard products. Due to these products being imported, they often do not align with Indian conditions, and hence the demand for Electric Vehicles in the market is seen to be on a decline. We came up with the idea to build a product that is affordable and will lead to an increase in homegrown products. With the help of the Make in India initiative, we have been able to accomplish our aim of creating a sustainable future not just for the nation but for the planet. Aligning with the needs of an Indian customer, hence, has been an important part of building this brand. With this, we are creating a sustainable and healthy ecosystem.”

Since its inception, GearHead Motors has been working to disrupt the Global Electric Mobility Industry. The first step of the incredible journey began with the introduction of the electric engine in omni vehicles. This idea was then successful and backed the company to walk towards introducing electric motors into Nano vehicles. As with every other business, GearHead motors continued to explore and establish itself in the competition. To add another brick into their foundation, the company stepped into electric bikes and their brilliance worked out well though. The Hyderabad-based startup is also building an ecosystem that is set to support sustainable mobility in the future.

The E-Bike market size is increasing and is projected to reach USD 80.6 billion by 2027. The increase in demand for sustainable mobility solutions increased fuel prices, and the growing interest in cycling as a fitness and recreational activity is segmented to the highest year-on-year growth from 2021. Banking on this, right from the year of establishment, the company pushed its boundaries to create footprints in the electric vehicle industry. By creating a strong presence in the Indian Market, GearHead Motors has yet launched 4 e-bike models – L. I. F. E as an effort to solve urban commuting problems on the go. At close range, The company is developing India’s first operating system for electric vehicles and other sustainable modes of transportation, which will be integrated with all facilities for charging and exchanging electric vehicles.


Please enter your comment!
Please enter your name here