Chennai-based electric motorcycle startup Raptee.HV has become the first EV motorcycle OEM in India to receive strategic funding from the Technology Development Board (TDB), Department of Science & Technology, Government of India. This funding will bolster Raptee.HV’s proprietary high-voltage architecture, enabling the company to scale its presence in the USD 1 billion performance electric motorcycle segment.
High-Voltage Technology at the Core
Founded in 2019, Raptee.HV is pioneering electric motorcycles using high-voltage car technology, offering:
- Enhanced performance and reliability
- Compatibility with CCS2 car-charging infrastructure
- 100% in-house electronics development
Over six years, the company has filed 156 patents, building its technology entirely from the ground up.
Strategic Support and Industry Endorsement
Dinesh Arjun, CEO & Co-Founder of Raptee.HV, said:
“This support from the Technology Development Board is a strong endorsement of our mission to redefine performance electric mobility, from India, for the world.”
The startup previously received a ₹3.25 crore non-dilutive grant from ARAI-AMTIF in 2021, making it the only OEM to secure such support. With TDB backing, Raptee.HV now joins the ranks of landmark Indian innovations such as the Tata Indica and Bharat Biotech’s COVID-19 vaccine, both supported by the Board.
Expansion and Market Potential
Raptee.HV currently operates a 4.5-acre facility in Chennai with an annual capacity of 100,000 units and has secured 40 acres at SIPCOT, Cheyyar for future expansion. The company has raised USD 5 million in pre-Series A funding and is closing a USD 20 million Series A round.
With motorcycles accounting for nearly two-thirds of India’s two-wheeler market, Raptee.HV’s leapfrog innovation strategy positions it to lead the electrification of India’s performance motorcycle segment, supporting the nation’s 2030 EV penetration targets.
