With a 10% investment, Colossa Ventures LLP, a company that invests in “women-first” enterprises, is leading the Pre-Series A round in the e-mobility startup Vioma Motors. The current investor, BRTSIF, is anticipated to take part in this round as well.
An indigenous smart electric two-wheeler with a range of roughly 400 kilometres on a single charge has been created by Vioma Motors. By developing a battery technology that can produce charge while riding and add it back to the main battery pack. This unmatched range is made possible and offers features that are superior to those of the widely used lithium-ion batteries. With little reliance on imports, the Vioma two-energy wheeler’s regeneration system was conceptualised, constructed, and manufactured domestically.
The company said in a media release that Vioma Motors, which was founded in 2020 by a hardworking group of aerospace engineers Shomick Mohanty, Ummesalma Babuji, Varsha Anoop, and tech-savvy chartered accountant Hozefa Irani, addresses rising fuel prices and climate upheaval by introducing best-in-class, environmentally friendly E-scooters that are specially made to address the charging infrastructure issue in India.
What Vioma Motors & Vioma Motors had to say about this new update:
Ashu Suyash, the founder of Colossa Ventures, said, “Varsha and her team have developed the scooter ground-up based on first principles and we are very excited to be part of Vioma’s journey as its revolutionary technology validated by ARAI disrupts the fast-growing EV market. We at Colossa are proud to back tenacious, exceptional women entrepreneurs like Varsha and help them realise their vision and growth ambitions by providing capital, expertise, and market access leveraging our network and that of our global advisors.”
Varsha Anoop, the co-founder and CEO of Vioma Motors, said, “Resolving Range anxiety for customers without compromising on safety and economics has been the key motivation for starting up Vioma Motors. The new investment will be utilised towards optimising the battery pack, completing the homologation process and gearing up for commercial launch.”
Shomick Mohanty, the co-founder and the CTO of Vioma Motors, said, “Our product addresses the inefficiencies that affect riding an electric vehicle, not only with our unique battery technology but also through the futuristic design of chassis, our proprietary motor technology, and the suspension energy regeneration system. Since most of the parts would be sourced in India, including the raw material for cells, the two-wheeler will also be affordable.
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