Chennai-headquartered electric vehicle start-up Raptee.HV has become the first automaker in the state to receive INR 250 million from Tamil Nadu Industrial Development Corporation (TIDCO) under the Startup Investment Policy 2025.
The EV maker is amongst the two start-ups selected by the Tamil Nadu state as part of its plans to support high-potential companies focussing on deep tech and the advanced manufacturing ecosystem.
Dr TRB Rajaa, Minister for Industries, Investment Promotion & Commerce, government of Tamil Nadu, stated, “We will specifically focus on making strategic investments in deep-tech startups which need long-term capital to succeed. Since 2024, we have been working to reimagine TIDCO’s role with an ambition to transform Tamil Nadu into a product nation. As part of that vision, we have repositioned TIDCO as a venture catalyst, building a structured venture investment framework that can support startups at critical stages of growth. This policy now enables TIDCO to invest up to INR 250 million in startups across sunrise sectors such as electric vehicles, aerospace and defence, renewable energy, semiconductors, medical electronics, artificial intelligence, blockchain, quantum computing, agro processing, technical textiles and speciality chemicals.”
The State Policy aims to ensure that Tamil Nadu’s most promising technology companies find patient capital, strategic support and scale opportunities.
It was just last month, Raptee.HV begin deliveries of the T30 electric motorcycle, which utilises high-voltage technology (HV-Tec), a platform typically found in electric cars, for its two-wheeler products.
The T30 is priced at INR 239,000 (ex-showroom) and comes with an 8-year battery warranty and a 3-year vehicle warranty.
With initial deliveries in Chennai, the company has announced plans to expand into Bengaluru in April 2026 with a showroom and service centre. By end-2026, it intends to establish operations in all South Indian state capitals and begin entry into Western India.
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