Raft Motors

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

Automotive

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Products and Services

Raft Zanskar

Introducing our High Speed Electric Scooter, a cutting-edge and eco-friendly transportation solution that seamlessly combines style and efficiency.

Manufacturing

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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 product lineup consists of a range of electric scooters designed to deliver exceptional performance, style, and convenience. Each scooter is powered by lithium ferro phosphate battery technology, providing a smooth and powerful ride with zero emissions. Since their inception, they have witnessed remarkable growth and success in the market. They take pride in having sold over 3000 electric scooters, they have established a network of 94 authorized dealerships across India and Nepal. Raft Motors envisions a future where electric mobility becomes the norm, contributing to a cleaner and greener world.

Legal Name

Raft Motors Private Limited

Headquarters

Vasai, Maharashtra, India

Business Model

B2B

Founding Date

2019

No. of Employees

21 to 40

Core Team

Parivesh Shukla

Co-Founder & Managing Director

Rakesh Salve

Co-Founder & CEO

Manish Kumar

Co-Founder & CTO

Timeline

2019

Oct | Company Incorporation

Company Incorporation Date

2021

Mar | Product Launch

Apr | Became Profitable

2022

Jun | Advisor Onboarded

Dec | Awards

Global Excellence Award 2022 - Best Electric Scooter Manufacturer in India

Revenue Stream

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

India, South America, Asia Pacific

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Funding

Investors

Aditya Vikram Birla

Detail Round Breakdown

Round 1