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Raft Motors

Raft Motors Pvt. Ltd. is an innovative Mumbai-based company revolutionizing transportation with its electric two-wheeler manufacturing expertise.

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Basic Information
Raft Motors Pvt. Ltd. is a dynamic and innovative electric scooter manufacturing company based in Mumbai, India. Since their establishment in 2019. At Raft Motors, their mission is to create sustainable and accessible mobility options that reduce carbon emissions and contribute to a cleaner environment. Their… Read more
Legal Name
:
Raft Motors Private Limited
Headquarters
:
Vasai, Maharashtra, India
Business Model
:
B2B  
Founding Date
:
2019
No. of Employees
:
21 to 40
Core Team
:
1.  
Parivesh Shukla
Co-Founder & Managing Director
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2.  
Rakesh Salve
Co-Founder & CEO
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3.  
Manish Kumar
Co-Founder & CTO
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Timeline

2019

Company Incorporation

Oct | Company Incorporation

Company Incorporation Date

2021

Product Launch

Mar | Product Launch

Became Profitable

Apr | Became Profitable

2022

Advisor Onboarded

Jun | Advisor Onboarded

Awards

Dec | Awards

Global Excellence Award 2022 - Best Electric Scooter Manufacturer in India

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Target Market
B2B
We are appointing dealerships on an area-wise basis. Dealers will have the opportunity to order vehicles directly from us and sell them directly to customers.
Client Segment
:
Automotive  
Target Companies
:
Startup  
Target Geography
:
India  
B2C
Raft Motors intends to open factory outlets in major Indian metro cities. The objective is to stay updated with current and upcoming trends understand end-user demand, expectations, and enhance our service network for timely product development.
User Age
:
18 to 25,  35 to 45  
User Income
:
Lower Income,  Lower-middle Income,  Upper-middle Income  
Location
:
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Funding
Investors
:
1.  
Aditya Vikram Birla
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Detail Round Breakdown
Round 1
Series Name
:
PRIVATE-EQUITY
Date
:
8th Dec 2023
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