- BGauss
- RR Global
- Hemant Kabra
- RUV350
- electric scooter
- export
BGauss sees RUV350 grab 25% market share in its segment, targets export potential too
- by Nilesh Wadhwa
- June 26, 2024

BGauss, the electric vehicle business of wire major RR Global, has launched its latest offering the RUV350 e-scooter at prices starting INR 109,999 (ex-showroom).
The company claims that the unique e-scooter has been completely designed keeping in mind the diverse needs of the Indian consumer, with the potential target customer in the 22-years to 42-years age bracket.
In an interaction with the media, Hemant Kabra, Founder & MD, BGauss said that the IC-two-wheeler segment bike market, used to see the motorcycle segment making up 60 percent of sales, while the remaining 40 percent came from the scooter segment. But in the electric two-wheeler space, the e-motorcycle segment hardly makes up for less than one percent share.
“We believe that by 2030 or 2032 e-scooters should be around 60 percent of the market share, RUV350 as a category should be around 25 percent of the market share, and the remaining will come from e-motorcycles,” said Kabra.
The RUV350 is a unique product, which in form factor looks like a scooter, but comes with the largest in the scooter segment wheels (16-inch) and seat design focussing on rider comfort.
BGauss aims to sell 50,000 electric scooters (all models combined) in FY2025, and 100,000 units by FY2026.
Performance and features
The BGauss RUV350 is powered by the company’s patented high-performance InWheel hyperdrive motor, which is claimed to offer 90.2 percent power efficiency (amongst the highest). The minimal energy loss results in superior efficiency and enhanced performance. This innovative design enables powerful and smooth acceleration, essential for navigating urban environments with ease.
The e-scooter comes with metal body that not only enhances durability but also provides an additional layer of safety for the rider. While the under-seat storage is not amongst its strongest point, the RUV350 can easily accommodate an open-face helmet; a storage box under the rider's feet provides storage for the standard charger, while some nifty smart pockets provide storage for handy stuff in the front.
The RUV350 comes in 3 variants – 350i EX; 350 EX and 350 Max – priced at INR 109,999; INR 124,999 and INR 134,999 respectively (you can read the tech specs below). Interestingly, the first two variants come with a removable battery, while the 350 Max has a fixed battery.
Except for the base variant, the RUV350 gets a digital display that provides real-time information such as call notifications, turn-by-turn navigation, live vehicle tracking, geo-fencing, vehicle immobilisation, dual theme, photometric adaptive display for day and night mode, document storage, speed, battery status, and range, ensuring riders have all necessary information readily available. Furthermore, the vehicle includes connectivity features like Bluetooth and telematics enabling riders to stay connected and navigate with ease.
Battery swapping and exports
Responding to a query on whether BGauss would explore battery swapping or ‘battery as a service’ model, Kabra said that the company was in discussions with some companies, but did not get into exact details, thus opening the possibility of potential new partnership on the cards.
Moreover, given the e-scooter’s dynamics and design, which may be a new category for India, the potential BGauss sees for the RUV350 is also in the export market. Kabra reveals that while the company was not currently exporting its EVs to any country, with the RUV350, “Europe, Southeast Asia and SAARC region are a probable opportunity.”
In terms of expansion, the company aims to double almost all its dealerships from the current 100-plus to 200 by end-FY2025.
Lastly, when asked about new investments, Kabra revealed that BGauss had secured an investment of INR 2 billion recently, for which it will be sharing the details in the coming months.
- Revfin
- electric vehicle
- lending
- Bajaj Auto
- L5
- Anirudh Gupta
- Abhinandan Narayan
- Monish Vohra
- Sameer Aggarwal
Revfin Appoints Senior Leadership as Part of FY2026 Expansion Plan
- by MT Bureau
- April 17, 2025

Digital lending platform Revfin has strengthened its management with the appointment of three senior executives as part of its FY2026 strategy, targeting INR 7.5 billion in disbursements and 5x growth over the past two years. The company also expects to cross INR 20 billion in cumulative disbursements since inception.
The new appointments include Abhinandan Narayan, Chief Business Officer – New Business, Monish Vohra, COO – Operations & Collections and Anirudh Gupta, Chief Finance & Strategy Officer. The appointments the company shared aligns with its focus on ‘People, Process, Profitability.’
Furthermore, Revfin has outlined its ambition to finance 24,000 EVs in FY2026. Till date, it claims to have financed over 85,000 EVs across 25 states, with 75 percent of borrowers from marginalised communities. Cumulatively, its driver partners have covered 1.6 billion electric miles and earned over USD 400 million.
In FY2025, the company grew its L5 EV loan book by 1,700 percent, supported by a partnership with Bajaj Auto and expanded collaborations with logistics firms. The L5 segment remains a key focus as a replacement for ICE vehicles in urban transport.
Sameer Aggarwal, Founder & CEO, Revfin, said, “The last financial year was a volatile one for the EV industry, but the excitement and energy within the sector remain undiminished. At Revfin, we are deeply convinced that intracity and small commercial vehicles must – and will – transition 100 percent to electric within the next three years. The opportunity is here and now. It’s time to set bold targets and pursue hypergrowth over the next two years. At this critical juncture, the right leadership becomes essential to realizing our ambitions. With the strong momentum we’ve already built, we’re confident the journey ahead will be even more rewarding. We’ve entered 2025 with a sharp focus on what truly matters: People, Processes, and Profitability. These latest leadership hires are a natural extension of that focus and our commitment to scale with purpose.”
- Matter Energy
- Matter Aera
- electric motorcycle
- Mohal Lalbhai
Matter Launches Aera E-Motorcycle In Bengaluru, First Experience To Come Up Soon
- by MT Bureau
- April 17, 2025

Ahmedabad-based clean energy company Matter has launched its flagship electric motorcycle – the Aera, in Bengaluru at an introductory price of IRN 179,000 for the first 500 customers, post which it will be available at INR 188,000. The company has started taking pre-registrations for the e-motorcycle at INR 1,999.
Furthermore, the company has also announced that its first Experience Hub will come up at BTM Layout, which will showcase its tech prowess and philosophy firsthand.
The Matter Aera is claimed to be the world's first electric motorcycle with manual gears – 4-speed transmission, 3 ride modes that delivers 12 unique ride combinations. It features a 7-inch Smart Touchscreen Dashboard, onboard charger and liquid cooled powertrain. The e-motorcycle has a claimed IDC range of up to 172km, a zero to 40 kmph in 2.8 seconds, dual disc brakes with ABS, telescopic front fork and dual rear suspension.
Mohal Lalbhai, Founder & Group CEO, Matter Energy, said, “There’s no better city to lead this journey than Bengaluru—where innovation isn’t just an idea, it’s a way of life. Every lane, every rider here resonates with purpose and progress. The Aera isn’t just a bike – it’s the 22nd Century motorbike. It delivers the thrill of a rocket and the practicality your pocket loves. With our in-house developed Hypershift manual gearbox, liquid-cooled powertrain, and connected tech, AERA brings together performance, emotion, and sustainability like never before.”
- Kia
- Kia EV3
- 2025 World Car of the Year
- 2025 World Car Awards
- New York International Auto Show
- Electric Vehicles
- EVs
Kia EV3 Named 2025 World Car Of The Year
- by MT Bureau
- April 17, 2025

The Kia EV3 has won the prestigious ‘2025 World Car of the Year’ award at the globally renowned 2025 World Car Awards ceremony, held during the New York International Auto Show (NYIAS).
A jury of 96 distinguished worldwide automotive journalists from 30 nations assessed the 2025 World Car Awards. With the EV3's triumph, Kia has now won six World Car Awards since 2020. The EV3 has a dramatic, forward-thinking design and a creative, useful interior that makes the most of available space, comfort and utility. The EV3 can charge from 10 to 80 percent in 31 minutes and has a segment-leading range of up to 375 miles (around 603 kilometres). While Kia's AI Assistant, advanced driving assistance systems (ADAS) and Over-the-Air (OTA) upgrades improve the ownership experience with cutting-edge technology, the vehicle's creative interior design maximizes room, comfort and accessibility.
Ho Sung Song, President and CEO, Kia, said, “It is an immense honour for everyone at Kia that the EV3 has been awarded the 2025 World Car of the Year title. This award highlights Kia’s global leadership in providing design-led, technologically advanced, sustainable mobility solutions and how the EV3’s class-leading attributes redefine the user experience for customers worldwide.”
- Hyundai
- Hyundai INSTER
- Sub-Compact EVs
- 2025 World Electric Vehicle
- 2025 World Car Awards
Hyundai INSTER Named 2025 World Electric Vehicle
- by MT Bureau
- April 17, 2025

The Hyundai INSTER sub-compact EV has won the prestigious 2025 World Electric Vehicle award at the globally renowned 2025 World Car Awards ceremony, held during the New York International Auto Show (NYIAS).
With this recognition, Hyundai Motor Company has dominated one or more World Car Awards categories for the fourth year in a row. Hyundai Motor's commitment to developing EV technology and sustainability is highlighted by the 2025 World Electric Vehicle award, which also acknowledges INSTER's exceptional value in the EV market. The finalists were chosen by a sealed-ballot jury consisting of 96 international automotive journalists from 30 different countries. On 16 April 2025, the winners were revealed at the 2025 NYIAS. With its unique design, remarkable driving range and state-of-the-art technology, INSTER is the market leader in the sub-compact EV sector. A 10- to 80-percent charge can be made in around 30 minutes thanks to INSTER's quick charging technology, and the 49-kWh long-range variant has a range of up to 370 kilometres.
José Muñoz, President and CEO, Hyundai Motor Company, said, “The Hyundai INSTER has been a winner with customers since we introduced it. It’s very gratifying that the experts on the prestigious World Car Awards jurors feel the same way. The combination of compelling design, range, enjoyable driving characteristics, intuitive infotainment and technology that customers appreciate is emblematic of Hyundai’s approach of delivering exceptional value to our customers. The fact that our global portfolio is successful both commercially and critically speaks to the hard-working people throughout the Hyundai value chain who are delivering some of the best vehicles on the road today. Thank you to all the jurors for your service to this great industry.”
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