# Accelero Vehicles India Private

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/accelero-vehicles-india-private

- Industry: Automobiles, Other Vehicles & Parts
- Headquarters: New Delhi, India
- Website: www.ebik.in
- Total disclosed funding: $0.2M
- Latest round: Seed (Jan 17, 2022)
- Investors on record: 2

## About

Based in New Delhi, India, and founded in 2017, Accelero Vehicles India Private Limited, doing business as eBik, operates as a manufacturer of electric bicycles and retrofittable engines. In February 2022, the firm raised INR 17.5 million in seed funding co-led by new investors LetsVenture and Social Alpha, and as of March 2022, the company is being led by its founder and Chief Executive Officer, Anant Jain, and has one facility in New Delhi.

Accelero Vehicles India Private Limited develops and offers Ebik™, an electric bicycle intended to ensure emission-free, and affordable forms of urban and rural commutation for its customers. The company also designs and distributes retrofittable or universal cycle engines called Ebik Smart, capable to transform normal bicycles into motorized bicycles. The firm distributes its product through dealership networks across the country.

The company generates revenue by selling its products Ebik, and Ebik Smart for INR 19,500, and INR 15,000 respectively.

Accelero Vehicles India Private Limited intends to use the February 2022 funding to enhance product development, scale-up its team, and expand into new geographies.

## Funding rounds

- Seed, Jan 17, 2022, $0.2M — Social Alpha, LVX

## Investors

- Social Alpha (https://capitalatlas.ai/funds/social-alpha) — Seed
- LVX (https://capitalatlas.ai/funds/lvx) — Seed