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Social Alpha and LetsVenture announce seed investment in EV startup Accelero Vehicles

Social Alpha and LetsVenture lead a seed investment round of INR 1.75 Crores in Accelero Vehicles. The company is involved in designing, developing, and manufacturing affordable electric bicycles ‘eBik’ and retrofittable engines ‘eBik Smart’ that convert ordinary bicycles into electric vehicles. The proceeds of the current investment will support the company’s growth through product development, pilot opportunities, enhancing production capacity, expanding to new geographies, and strengthening the sales and marketing team.

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VC Circle

EV Platform Accelero Pockets Funding From Social Alpha, LetsVenture

Accelero Vehicles India Private Ltd, which runs electric vehicle (EV) startup Accelero Vehicles, on Thursday said it has raised seed funding of Rs 1.75 crore (around $233, 000) from Social Alpha and LetsVenture.

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CNBC TV18

Funding Rundown: Prime Venture Partners closes 4th fund at $120 mn; Niyo raises $100 mn in Series C; bitsCrunch raises $3.6 mn & Nithin Kamath, Kunal Shah to invest in Kalvi

EV startup Accelero Vehicles has bagged Rs 1.7 crores in a seed funding round led by Social Alpha and LetsVenture.

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Entrackr

Funding and acquisitions in Indian startups this week [21 Feb-26 Feb]

Accelero Vehicles India Private Ltd, which runs electric vehicle (EV) startup Accelero Vehicles, on Thursday said it has raised seed funding of Rs 1.75 crore (around $233, 000) from Social Alpha and LetsVenture.

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Entrackr

Social Alpha and LetsVenture back Accelero Vehicles

Social Alpha and LetsVenture have led a seed investment round of Rs 1.75 crore or $231K in EV startup Accelero Vehicles.

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YourStory

Accelero Vehicles raises $233,000 in seed investment

Accelero Vehicles India Private Ltd, which runs electric vehicle (EV) startup Accelero Vehicles, on Thursday said it has raised seed funding of Rs 1.75 crore (around $233, 000) from Social Alpha and LetsVenture.

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Devyani Bantthia

Digital Marketing Advisor

A graduate from Rennes School of Business (France) with a Master’s degree in Digital Marketing & International Corporate Communication, Devyani has been actively working in an advisory role for the digital marketing of eBik.

Omkar

Design Engineer

Design Engineer with a unwavering history of Product Design and Development for Esteemed Global Clients. Hold 6+ years of experience in Design & development.

Hold degree in Mechanical Engineering from IDEAL institute of technology & also holds diploma in Design from NSIC.

M Alam

Manager- Customer Service

Alam heads the customer support function. Hold 5+ years of experience and has worked in different sectors viz. construction / automobile. Possess extensive knowledge about production & customer support activities.
Hold diploma in Mechanical Engineering from Teerthanker University, Moradabad.

Md Asim

Manager- Production

Asim heads the production function. Hold 5+ years of experience and has worked across factories possessing in depth knowledge of production function & related activities. 

Hold diploma in Mechanical Engineering from Teerthanker University, Moradabad.

He has done Graduation from Delhi University with specialization in Sales & Marketing.

Virender Kr Chauhan

President- Sales

Virender the sales & marketing function at Accelero. He brings over two decade’s experience with an in depth understanding of all aspects of Business Development coordination and implementation.

He has done Graduation from Delhi University with specialization in Sales & Marketing.

Devika Jajodia

Marketing Design Advisor

A Design Graduate from Lasalle School of Arts (Singapore), Devika has a Bachelor’s degree in Design Communication and has been actively working in an advisory role for the marketing design front of eBik.

Anant Jain

Chief Executive Officer

Passionate about environmental causes, Anant Jain has extensively worked on renewables, namely solar, hydro-electric & wind power, throughout this pan-India corporate journey of 11+ years and making the most of his MBA education. With a zeal to make a difference on grassroot levels, he took the plunge, quit his corporate job and founded eBik with the vision of making commuting a cheaper and greener affair, whilst reducing costs by over 1/10th. 

When he came up with the idea of eBik, he wanted to create a product of international standards, at Indian prices keeping in mind the affordability factor for the masses, reaching out to rural population with this revolutionary bicycle that makes lives easier!