About Altigreen
Altigreen is a company based in Bengaluru (India) founded in 2013 by Lasse Moklegaard, John Bangura, Amitabh Saran, and Shalendra Gupta. Altigreen has raised $48.89 million across 10 funding rounds from investors including Sterling Tools, Anita Dongre and BKT Tires. The company has 368 employees as of April 08, 2024. Altigreen offers products and services including neEV TEZ, neEV Bhai, neEV Rahi, High Deck, and Low Deck. Altigreen operates in a competitive market with competitors including TI Clean Mobility, 3evi, ETO Motors, Montra Electric and MLR Auto, among others.
- Headquarter Bengaluru, India
- Employees 368 as on 08 Apr, 2024
- Founders Lasse Moklegaard, John Bangura, Amitabh Saran, Shalendra Gupta
- Stage Minicorn
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Sectors
Transportation, Automotive & Logistics
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Email
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Phone
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Website
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Social
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- Legal Name Altigreen Propulsion Labs Private Limited
- Date of Incorporation 08 Feb, 2013
- Jurisdiction Bangaluru, Karnataka, India
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Annual Revenue
$12.56 M (USD)1068.53as on Mar 31, 2023
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Net Profit
-$9.44 M (USD)-164.25as on Mar 31, 2023
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EBITDA
-$9.46 M (USD)-212.99as on Mar 31, 2023
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Total Equity Funding
$48.89 M (USD)
in 10 rounds
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Latest Funding Round
$117.59 K (USD), Angel Round
Dec 23, 2024
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Investors
Sterling Tools
& 82 more
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Employee Count
368
as on Apr 08, 2024
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Products & Services of Altigreen
Altigreen offers a comprehensive portfolio of products and services, including neEV TEZ, neEV Bhai, neEV Rahi, High Deck, and Low Deck.
Fast-charging three-wheeler for efficient cargo delivery.
Flexible flatbed variant for customizable cargo transport.
Five-seater for shared mobility and passenger services.
Spacious container for secure and high-capacity transport.
Sturdy option for inter-city goods and perishable delivery.
People of Altigreen
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Funding Insights of Altigreen
Altigreen has successfully raised a total of $48.89M across 10 strategic funding rounds. The most recent funding activity was a Angel Round of $117.59 thousand completed in December 2024. 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 Altigreen
Altigreen has secured backing from 83 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Sterling Tools, Anita Dongre and BKT Tires.
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Venture capital fund investing in consumer-focused startups in India.
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Investment services providing capital and expertise to Indian mid-market companies.
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Private equity firm focused on utility industry, renewable energy technology, industrial energy management, and renewable storage
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Investor details for Altigreen
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Investments & Acquisitions by Altigreen
Investment portfolio details for Altigreen
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Financial Statements - Altigreen
Detailed financials for Altigreen
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Altigreen Comparisons
Peer comparison for Altigreen
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Competitors of Altigreen
Altigreen 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 TI Clean Mobility, 3evi, ETO Motors, Montra Electric and MLR Auto, among others.
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Electric three-wheelers are designed, manufactured, and marketed for passenger transport.
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Three-wheel electric vehicles are manufactured along with hyper-local connectivity services.
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Online platform offering electric vehicles and fleet management solutions
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Electric three-wheelers are manufactured by Montra Electric in India.
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Manufacturer of electric three-wheelers
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Detailed competitors of Altigreen
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Latest news on Altigreen
Complete news archive for Altigreen
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Frequently Asked Questions about Altigreen
Altigreen was founded in 2013.
Altigreen is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Amitabh Saran is the current CEO of Altigreen. They have also founded this company.
Altigreen is a funded company, having raised a total of $48.89M across 10 funding rounds to date.
As of Apr 08, 2024, the latest employee count at Altigreen is 368.
Annual revenue of Altigreen is $12.56M as on Mar 31, 2023.
Altigreen was founded in 2013 and is headquartered in Bengaluru, India. Electric mobility solutions are provided through a platform that features indigenous electric three-wheelers. These vehicles have been designed for cargo and passenger applications, with optimizations suited to Indian operating conditions. The focus remains on sustainable transportation in the electric vehicle sector.
Altigreen's top competitors include ETO Motors, TI Clean Mobility and Montra Electric.
Altigreen offers neEV TEZ, neEV Bhai, neEV Rahi, High Deck, and Low Deck.
Altigreen has 83 investors. Key investors include Sterling Tools, Anita Dongre, BKT Tires, Reliance Power, and Xponentia Capital.
The valuation of Altigreen is $41.12M as of Dec 2024.