Trouve Motor raises $3 million in a seed funding round
- ByStartupStory | March 17, 2022
Start-up of electric vehicles Trouve Motor announced on Wednesday that it has been accepted into FasterCapital’s ‘Raise Capital’ program in order to raise around USD 3 million (over Rs 20 crore) for its seed investment round. FasterCapital, one of Dubai’s premier venture capital firms, will use this program to connect Trouve Motors with its extensive network of angel investors, according to the company.
As a result of this partnership, Trouve Motor will have access to expert advice and support from FasterCapital’s in-house team, allowing it to attract new investors. By the end of the year, the goal is to have raised a total of $25 million.
The start-up plans to release an electric hyper-sports superbike with laser illumination, an advanced infotainment display, GPS navigation, real-time vehicle diagnostics, Brembo brakes with dual-channel ABS, and adjustable suspension. The hyper sports bike, toned down Indian version, naked street bike, and Enduro versions of the motorcycle chassis are all possible. By 2023, the e-motorcycle should be available.
Also, With its product line, Trouve Motor hopes to hasten the world’s transition to electric mobility. It recently teased the release of its electric hyper-sports superbike, which is expected to hit the streets in 2023.
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