Raft Motors Raises ₹8.5 Crore in Funding Round at ₹225 Crore Valuation: A Game-Changer in the Electric Vehicle Industry

The Visionaries Behind Raft Motors
Parivesh Shukla and Rakesh Salve, the driving forces behind Raft Motors, began their journey with a shared passion for creating affordable and efficient electric vehicles. In an era where environmental concerns and sustainability are at the forefront of global discourse, the founders recognized the need for an accessible and eco-friendly transportation solution in India. Their mission to revolutionize mobility through electric vehicles took off with the launch of Raft Motors, and their journey has been nothing short of inspiring.

From the outset, Shukla and Salve's dedication to providing cost-effective electric mobility options has set Raft Motors apart. Their determination to challenge the status quo in the traditional automotive industry, while simultaneously catering to the needs of environmentally conscious consumers, has fueled the company's rapid growth.

The Role of Investment in Scaling Success
In a significant milestone, Raft Motors recently raised ₹8.5 crore at a share price of ₹1,000 per share, cementing its valuation at ₹225 crore. This fundraising round saw participation from 37 individuals and enterprises, showcasing the widespread belief in the company's potential to scale further. The funds raised will not only help Raft Motors accelerate its product development but also expand its market reach and enhance its brand presence across India.

The list of investors includes a mix of seasoned professionals, entrepreneurs, and established business entities, all of whom see the potential in Raft Motors' unique value proposition. These investors have aligned themselves with the company's vision, and their financial backing will provide the necessary capital for Raft Motors to continue its journey toward industry leadership.

Key Investors in Raft Motors
Among the 37 participants in this investment round are notable names from various industries. Here is a breakdown of the investors and the number of shares they have acquired:

1. Meena Devi Bidawatka – 2,000 shares
2. Damodar Prasad Bidawatka – 3,000 shares
3. Ranveer Mukhrjee – 2,000 shares
4. Sneha Kar – 1,250 shares
5. Surendra Singh Ranaut – 2,500 shares
6. Akash Bajoria – 1,250 shares
7. Sarvesh Bajoria – 1,250 shares
8. BMV Solution LLP – 6,000 shares
9. Vivek Mohta – 12,500 shares
10. Anand Mohta – 12,500 shares
11. Priya Mohta – 4,000 shares
12. Deo Kishan Mohta – 10,000 shares
13. Saurav Bhartia – 1,000 shares
14. Sweta Sethi – 1,000 shares
15. Vinita Daga – 1,000 shares
16. Vivek Freight and Logistic Pvt Ltd – 5,000 shares
17. Ram Pada Mandal – 200 shares
18. Anil Kumar Singh – 60 shares
19. Dipak Lakhotia – 100 shares
20. Mampi Das – 200 shares
21. Ashok Kumar Chokhani – 3,500 shares
22. Sharda Chokhani – 3,500 shares
23. Umapati Singhania – 550 shares
24. Shahina Shafaque – 350 shares
25. Azhar Salim – 250 shares
26. Garima Agarwal – 600 shares
27. Ankit Singhi – 650 shares
28. Sourabh Agarwal – 600 shares
29. Meenakshi Nagar – 1,250 shares
30. Sunita Mimani – 1,250 shares
31. Kushal Choudhury – 1,250 shares
32. Seema Choudhury – 850 shares
33. Niranjan Choudhury – 800 shares
34. Coomer Sudarshan – 625 shares
35. Neha Malu – 625 shares
36. Raunak Agarwal – 1,500 shares
37. Anirudha Kumar Bharti – 1,000 shares
These investors’ contributions demonstrate a high level of confidence in Raft Motors’ ability to continue innovating and leading the electric vehicle market in India.

The Appointment of Saurav Ganguly as Brand Ambassador
In a move that further highlights Raft Motors’ ambition to strengthen its brand presence, the company recently appointed former Indian cricket team captain Saurav Ganguly as its brand ambassador. Known for his leadership, resilience, and ability to take on challenges, Ganguly's association with Raft Motors is expected to bring widespread visibility to the brand.

Ganguly's reputation as a leader who successfully rebuilt Indian cricket aligns perfectly with Raft Motors' vision of transforming the automobile industry with cutting-edge electric vehicles. His popularity and influence are likely to boost the company’s credibility, helping Raft Motors connect with a broader audience of potential customers, investors, and stakeholders.

Future Prospects for Raft Motors
With the funds raised and the endorsement of a legendary figure like Saurav Ganguly, Raft Motors is well-positioned for its next phase of growth. The company aims to use the capital to enhance its research and development capabilities, scale up production, and expand its sales network across India. Furthermore, the investment will enable the company to explore new markets and continue its journey toward becoming a leading player in the electric vehicle space.

The increasing demand for sustainable transportation options, coupled with Raft Motors’ focus on affordability and innovation, makes the company well-poised to benefit from the growing electric vehicle market. As India pushes towards a greener future, Raft Motors is set to play a pivotal role in shaping the country’s transportation landscape.

Conclusion
Raft Motors’ journey, under the leadership of Parivesh Shukla and Rakesh Salve, is a testament to the power of vision, innovation, and persistence. From its humble beginnings to securing major investments and signing Saurav Ganguly as its brand ambassador, Raft Motors is on the cusp of significant breakthroughs. With a strong team, a clear vision, and unwavering investor support, the future looks bright for Raft Motors as it continues to drive change in the Indian electric vehicle market.