BGAUSS has raised Rs 52 crore from a group of investors led by Darshan Patel, Founder, Vini Cosmetics — the company that owns Fogg, 18+ deodorants, and White Tone Talc.
The funds will be used for the company’s growth plans, including retail expansion in India, manufacturing capacity expansion, the launch of two new differentiated products, R&D, and in-house product development across various electrical vehicle components. This is BGAUSS' first-ever fundraiser since its foray into India's two-wheeled electric vehicle (EV) segment in October 2020.