Hyderabad-based start-up Gear Head Motors has raised Rs six crore in a pre-seed funding round led by Hemin Shah, director of collabera and Sudhakar Moparthy, director of Skillbanc. 

The company will be utilising capital for business expansion. It was to offer services across India. Additionally, it wants to bolster its current operations. 

Founded in 2020, the Nikhil Gunda and Meher Sai-led company Gear Head is known for producing electric cycles and e-bikes. It aims to build a sustainable mobility system in India by cutting down the gap between the global supply of electric vehicles and the demands of Indian consumers. 

In an attempt to solve the urban commuting problem, the company will be launching four e-bike models called L.I.F.E, Entrackr reported. 

Till now, it claims to deliver more than 8,000 tricycles and over 5,000 e-bikes. 

“Currently, there has been a rise of electric vehicle penetration in the Indian market by foreign companies trying to sell their substandard products. Due to these products being imported, they often do not align with Indian conditions, hence the demand for electric vehicles in the market is seen to be on a decline," Nikhil Gunda, the founder of Gearhead Motors, said. 

“We came up with the idea to build a product that is affordable and will lead to an increase in homegrown innovations. Aligning with the needs of an Indian customer, hence, has been an important part of building this brand. With this, we are creating a sustainable and healthy ecosystem,” he added.