BLive raises USD 1 million in Pre-Series A round

New Delhi: EV experience platform BLive on Wednesday said it has raised USD 1 million as part of the follow-on capital of Pre-Series A round.

According to a company release, the funding which was a combination of debt and equity was led by LetsVenture, Mumbai Angels, JITO and Credit Wise Capital.

Samarth Kholkar and Sandeep Mukherjee, co-founders, BLive, said, “This year, we are looking at growing the EV tours to over 30 locations and adding more two-wheeler EV brands and ownership models to the EV Store through both the online and offline channels.”

Currently, Blive EV Tours is present in 15 cities across 9 states in India and has completed over 10000 eBike tours so far.

The company claims it has seen a 3x growth in its eBike tours driven by the increase in domestic tourism after the pandemic.

Shanti Mohan, founder, LetsVenture, commented, “With India’s potential to be the next EV market leader of the world, we want to ensure that we support startups like BLive, who provide a completely unique way to users of experiencing and owning electric two-wheeler. Boost in domestic travel and growth in the EV category presents BLive a great opportunity to grow and expand to bigger markets.”

BLive is the official EV tourism partner of Goa Tourism. The company has partnered with hospitality partners like Club Mahindra, Taj Hotels, Grand Hyatt, Airbnb etc.

In 2020 BLive launched India’s first online EV marketplace offering top brands of E-Cycles and E- Scooters. Brands like Hero Electric, Ampere, Hero Lectro, Go Zero & Lightspeed are available on the BLive Store.

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