Small Industries Development Bank of India (SIDBI) selected indigenous e-bike startup Felidae Electric as one of the best five startups at its Investor’s Day programme on 16th January in Bangalore.
SIDBI, a principal financial institution engaged in the promotion, financing, and development of MSMEs, organizes its Investor’s Day programme across the cities to fund startups and their business ideas through venture capital.
SIDBI’s flagship programme Investor’s Day invited the top 20 Indian startups from 200 applications for one-on-one interaction, discuss their innovative ideas, and present a strong case to the investors for investment.
Pune based Felidae Electric was chosen as one of the top five startups by SIDBI at the forum and it grabbed the attention of the investors. Felidae has been working in e-mobility space which is the need of the hour and cynosure of government’s transport and logistics policy.
The company has revolutionized the mass adoption of e-mobility by integrating the concept of e-cycling in it. Currently, Felidae offers two indigenous e-bike models Maven and Euras which are equipped with advanced features for comfortable e-bike experience for all ages. Felidae has also recently partnered with Bajaj Finance to encourage hassle-free buying by availing easy consumer loans.
“Right from our e-mobility solutions to our business plan, we are taking an innovative approach with an ultimate aim to promote e-mobility. The recognition at SIDBI Investor’s Day is a testimony to our efforts and the funding will further boost our future endeavors”, Dr.Krishnarao Dhuri Founder, Felidae Electric said.