iGoWise Mobility (iGo), a smart electric trike developer, has raised ₹8.2 crore in its pre-seed funding round from several ISB Angels, 888VC and Guptaji VC.
The fresh funds raised will be used for tooling and automation to cut production costs, expand customer experience and after-sales channels, drive further R&D and new variants, and strengthen working capital to fulfil the current order book.
Founded in 2020 by Sravan K Appana, iGoWise Mobility builds rugged and intelligent EV platforms designed for both urban India and rural Bharat.
Its first product, BeiGo, is positioned as an electric pickup trike intended to fill the gap between two-wheelers and larger vehicles. The vehicle features patented anti-topple leaning technology that improves handling, cornering and overall ride comfort.
iGo’s patented anti-topple swivelling mechanism and on-demand self-balancing system make its leaning trikes 5X more cost-effective, 3X more energy-efficient, and 2X more compact than the global peers. Built on the proprietary TwiiGo lightEV automobile platform, the trikes glide smoothly over the potholes, scale the toughest slopes with ease, zip through heavy traffic, and offer triple-disc anti-skid CBS for maximum rider safety & road grip.
With 1 lakh+ km of real-world customer usage data across diverse terrains and entrepreneurs, over the next 12–18 months, the company will expand in Bengaluru, Hyderabad, Pune, and Panjim, deploying the first 1,500 trikes with fleet partners including Hala Mobility and Elektric Express.
Sravan K Appana, Founder & CEO of iGo, said, “Our journey has always been about redefining mobility to do better with less — better safety, better comfort and better accessibility with less capital, less time to market, and less dependence on imports. By focusing on frugal innovation, agile engineering and a robust & indigenous supply chain, we’ve proven that India can build world-class EV solutions that create real economic value and social impact.”
Ravi Teja Guptaji, Founder of Guptaji VC and GREAT (Global REbuild Accelerator Technology), said, “iGo represents the kind of scalable, impact-driven business India needs: capital efficient, deeply innovative, and rooted in solving local problems. iGo’s USP and patented anti-topple technology is the ONLY solution for terrible traffic and parking problems. For our narrow, congested urban lanes, a slim & stable leaning vehicle is most suitable, easy to handle, easy to corner and easy to park. We strongly believe in a smart & slim micro-mobility solution, which is the upcoming lean luxury vehicle from iGo. We are on track to doubling down on this high-impact startup with a $2 million seed follow-up round in 2026.”
