Pune, 28th March 2025: VIR Mobility Pvt Ltd, an innovative startup focused on revolutionizing sustainable personal mobility solutions, has received ₹45 lakh in funding under the Startup India Seed Fund Scheme (SISFS). The funding was facilitated through the Bhau Institute at the College of Engineering Pune (COEP), which serves as a nodal center for fostering entrepreneurship.
This financial boost will enable VIR Mobility to accelerate its research and development, enhance product innovation, and strengthen its market presence. The selection for this competitive grant highlights the startup’s potential to contribute meaningfully to India’s evolving mobility landscape. In addition to funding, VIR Mobility will benefit from the technical expertise and business mentorship provided by the Bhau Institute at COEP.
Ravi Kumar, Co-Founder and CEO of VIR Mobility Pvt Ltd, expressed his enthusiasm: “We are honored to receive this recognition from Startup India. This funding will accelerate our efforts to deliver efficient and eco-friendly mobility solutions, reinforcing our commitment to innovation and sustainable transportation.”
Mandar Joshi, CEO of Bhau Institute at COEP, stated: “We are delighted to support VIR Mobility through this initiative. Their work exemplifies the spirit of innovation that the Startup India Seed Fund Scheme aims to nurture. We look forward to their continued growth and success.”
Founded in April 2024, VIR Mobility Pvt Ltd is dedicated to developing advanced and sustainable mobility solutions. The company’s flagship product, the VIR Bike, is an electric cycle designed to provide commuters with seamless and eco-friendly transportation options.
