About 22Motors
22Motors is a company based in Gurugram (India) founded in 2016 by Vijay Chandrawat and Parveen Kharb was acquired by Bounce in October 2021. 22Motors has raised $86.33 million across 3 funding rounds from investors including KYMCO, Ishwar Singh and Farhaan Shabbir. The company has 73 employees as of April 07, 2024. 22Motors operates in a competitive market with competitors including Ola Electric, Ather Energy, Gogoro, Hero Electric and BGauss, among others.
- Headquarter Gurugram, India
- Employees 73 as on 07 Apr, 2024
- Founders Vijay Chandrawat, Parveen Kharb
- Stage Minicorn
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Sectors
Transportation, Automotive & Logistics
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Bounce Electric 1 Private Limited
- Date of Incorporation 11 Aug, 2016
- Jurisdiction Gurugram, Haryana, India
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Annual Revenue
$0.03 (USD)-99.94as on Mar 31, 2021
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Net Profit
-$87.73 K (USD)83.44as on Mar 31, 2021
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EBITDA
-$84.48 K (USD)87.63as on Mar 31, 2021
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Total Equity Funding
$86.33 M (USD)
in 3 rounds
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Latest Funding Round
$19.75 M (USD), Series A
Oct 21, 2019
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Investors
KYMCO
& 3 more
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Employee Count
73
as on Apr 07, 2024
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Acquired by
Bounce
(Oct 07, 2021)
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Funding Insights of 22Motors
22Motors has successfully raised a total of $86.33M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $19.75 million completed in October 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in 22Motors
22Motors has secured backing from 4 investors, including institutional and angel investors. Prominent investors backing the company include KYMCO, Ishwar Singh and Farhaan Shabbir.
| Investor | Description | Founded Year | Domain | Location |
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Multi-category electric vehicles are developed by KYMCO.
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Ishwar Singh |
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Farhaan Shabbir |
Angel investor and entrepreneur, co-founder of Fashor, focused on fashion tech
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Investor details for 22Motors
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Investments & Acquisitions by 22Motors
Investment portfolio details for 22Motors
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Financial Statements - 22Motors
Detailed financials for 22Motors
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22Motors Comparisons
Peer comparison for 22Motors
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Competitors of 22Motors
22Motors operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Ola Electric, Ather Energy, Gogoro, Hero Electric and BGauss, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Electric scooters and motorcycles are manufactured with related accessories.
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Manufacturer of electric scooters, charging infrastructure, smart helmets, and accessories
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Electric scooters are developed and battery swapping networks are operated.
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Manufacturer offering electric scooters and mobility solutions
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Retailer of electric scooters offering test rides, maintenance, and financing
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Electric scooters are designed and produced for urban mobility.
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Detailed competitors of 22Motors
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Latest news on 22Motors
Complete news archive for 22Motors
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Frequently Asked Questions about 22Motors
22Motors was founded in 2016 and raised its 1st funding round 1 year after it was founded.
22Motors is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Parveen Kharb is the current CEO of 22Motors. They have also founded this company.
22Motors is a funded company, having raised a total of $86.33M across 3 funding rounds to date.
As of Apr 07, 2024, the latest employee count at 22Motors is 73.
Annual revenue of 22Motors is $0.03 as on Mar 31, 2021.
Twenty Two Motors is an Indian automaker that develops markets electric scooters. Offers Flow, an electric scooter designed for Indian road conditions. The scooter comes in multiple variants with options of choosing up to 2 removable battery packets which are chargeable with standard 5 Amp sockets and provides a range of up to 80kms per battery. The scooter also incorporates features such as combined disk braking with regenerative (KERS) capabilities, tubeless tires, Bluetooth connectivity, quick charging, and more. Additionally, the vehicle also incorporates AI functionalities and provides an integrated mobile app with features such as geo-fencing, battery usage analytics, driver behavior monitoring, daily route alerts, remote diagnostics, and fleet management.
22Motors's top competitors include Ather Energy, Ola Electric and BGauss.
22Motors has 4 investors. Key investors include KYMCO, Ishwar Singh, Farhaan Shabbir, and Bounce Infinity.
The valuation of 22Motors is $7.72M as of Apr 2017.