kWh Bikes, a multi-utility e-bikes startup, has raised $2 million in its seed round drove by Let’s Venture.

Better Capital and Cloud Capital along with a grasp of investors, for example, Renu Satti, Vijay Shekhar Sharma, Rajiv Nazareth, Paresh Sukthankar, Dipak Gupta, Matt Van Horn, Haresh Chawla, Ravish Naresh, Rohit Chanana, Hitesh Oberoi and T Gautham Pai amongst others have also joined the round.

The funding continues will be utilized to take its prototype to creation and to expand its R&D across various EV parts like battery, BMS, VCU, and motor, said kWh in a public statement.

Established by Siddharth Janghu, Kartik Gupta and Anupriya, kWh is building electric bikes that have software capable of creating productive and enhanced force trains other than developing software-driven powerful battery packs to make its vehicles convey superior in outrageous conditions.

The startup as of now caters to the Indian B2B EV market and before long plans to be available for retail clients as well.

Last month, three of the early-stage startups, BluSmart, REVOS, and EV Plugs in the EV fragment raised funding.