In a major boost for India’s electric vehicle startup ecosystem. Bengaluru-based iGoWise Mobility raised ₹8.2 crore in pre-seed funding. The round, which was closed in late September 2025, has the support of investors. Such as ISB Angels, 888VC, and Guptaji VC. This investment gives iGoWise the chance to accelerate its innovative vision for light electric vehicles.
iGoWise: Funding Next-Gen Electric Trikes
iGoWise is looking to utilize the new capital to:
- Bolster commercial rollout of its patented electric trike.
- Invest in tooling and automation to manage production costs.
- Bolster customer experience and after-sales infrastructure.
- Increase research and development for future models.
- Increase working capital and service a growing order pipeline.
Shine the spotlight on the BeiGo Utility Trike
The company’s flagship product, the BeiGo Rugged Utility Vehicle. It is a three-wheeled electric pickup with some unique features. Based on iGoWise’s own TwiiGo lightEV platform, the trike
- Employes patented anti-topple technology to minimize tipping risk.
- Provides on-demand self-balancing for comfort and effortless cornering.
- Described as more efficient, smaller, and less costly than international peers.
- Markets to urban and rural commercial customers looking for affordable transport.
iGoWise: Market Expansion and Strategic Partnerships
iGoWise is planning to roll out 1,500 units within the next 12–18 months. With distribution concentrated in metro cities and limited partners.
- Strategic fleet partners are Hala Mobility and Elektric Express.
- Expansion is planned for Bengaluru, Hyderabad, Pune, and Panjim.
- The company leverages more than 1 lakh km of real road-use data. Ensuring its trikes meet practical delivery needs.
Founder and CEO Sravan K Appana expressed optimism for India’s EV ambitions. “By focusing on frugal innovation and a strong local supply chain. We’ve demonstrated that India can deliver world-class electric solutions with real impact.”
iGoWise also mentions that users could expect significant cost savings, projecting up to ₹7,500 additional monthly net income for regular riders. This, according to the company, will be a step towards expanding sustainable mobility reach in the nation.
ELCTRIK Speaks
The successful funding round indicates strong investor faith in indigenous technology. Tailored to the requirements of Indian markets. If iGoWise’s strategy pays off, it could incite additional innovation throughout the electric mobility segment. Drive the next generation of last-mile, cost-effective transportation solutions.
