About Ampere Vehicles
Ampere Vehicles is a company based in Coimbatore (India) founded in 2008 was acquired by Greaves Cotton in August 2018.. Ampere Vehicles has raised $226.73 million across 4 funding rounds from investors including Axon Partners Group, Abdul Latif Jameel and Greaves Cotton. The company has 834 employees as of May 31, 2025. Ampere Vehicles has completed 1 acquisition, including Bestway Agency. Ampere Vehicles operates in a competitive market with competitors including Ola Electric, Ather Energy, Gogoro, Hero Electric and BGauss, among others.
- Headquarter Coimbatore, India
- Employees 834 as on 31 May, 2025
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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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Annual Revenue
$77.47 M (USD)-45as on Mar 31, 2024
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Net Profit
$-83.44 M (USD)-5176as on Mar 31, 2024
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EBITDA
$-78.96 M (USD)-5648as on Mar 31, 2024
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Total Equity Funding
$226.73 M (USD)
in 4 rounds
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Latest Funding Round
$220 M (USD), Series B
Jun 02, 2022
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Investors
Axon Partners Group
& 15 more
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Employee Count
834
as on May 31, 2025
- Investments & Acquisitions
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Acquired by
Greaves Cotton
(Aug 29, 2018)
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Funding Insights of Ampere Vehicles
Ampere Vehicles has successfully raised a total of $226.73M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $220 million completed in June 2022. 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.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series B — $220.0M
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First Round
First Round
(03 Aug 2013)
- Investors Count 15
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2022 | Amount | Series B - Ampere Vehicles | Valuation | Abdul Latif Jameel |
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| Apr, 2016 | Amount | Series A - Ampere Vehicles | Valuation |
investors |
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| Jul, 2015 | Amount | Series A - Ampere Vehicles | Valuation | Forum Synergies , Pratithi Investments |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Ampere Vehicles
Ampere Vehicles has secured backing from 16 investors, including institutional, angel, and venture fund investors. Prominent investors backing the company include Axon Partners Group, Abdul Latif Jameel and Greaves Cotton. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity investments in India are handled by Forum Synergies.
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Founded Year | Domain | Location | |
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Venture capital firm focused on healthcare and energy companies
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Founded Year | Domain | Location | |
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Private investment arm of Kris Gopalakrishnan Family Office.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Ampere Vehicles
Ampere Vehicles has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Bestway Agency. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Electric rickshaws, golf carts, and cargo trucks are developed.
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| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Ampere Vehicles
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Ampere Vehicles Comparisons
Competitors of Ampere Vehicles
Ampere Vehicles 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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Electric scooters and motorcycles are manufactured with related accessories.
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| domain | founded_year | HQ Location |
Manufacturer of electric scooters, charging infrastructure, smart helmets, and accessories
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| domain | founded_year | HQ Location |
Electric scooters are developed and battery swapping networks are operated.
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| domain | founded_year | HQ Location |
Manufacturer offering electric scooters and mobility solutions
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| domain | founded_year | HQ Location |
Retailer of electric scooters offering test rides, maintenance, and financing
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| domain | founded_year | HQ Location |
Electric scooters are designed and produced for urban mobility.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Ampere Vehicles
Frequently Asked Questions about Ampere Vehicles
When was Ampere Vehicles founded?
Ampere Vehicles was founded in 2008 and raised its 1st funding round 5 years after it was founded.
Where is Ampere Vehicles located?
Ampere Vehicles is headquartered in Coimbatore, India. It is registered at Coimbatore, Tamil Nadu, India.
Is Ampere Vehicles a funded company?
Ampere Vehicles is a funded company, having raised a total of $226.73M across 4 funding rounds to date. The company's 1st funding round was a Series A of $1.95M, raised on Aug 03, 2013.
How many employees does Ampere Vehicles have?
As of May 31, 2025, the latest employee count at Ampere Vehicles is 834.
What is the annual revenue of Ampere Vehicles?
Annual revenue of Ampere Vehicles is $77.47M as on Mar 31, 2024.
What does Ampere Vehicles do?
Ampere Vehicles was founded in 2008 in Coimbatore, India, and operates within the electric mobility sector. Electric scooters and vehicles are developed and offered through an online platform, emphasizing reduced environmental impact, low maintenance requirements, and operational costs. These products are engineered for urban daily use, supporting transitions to sustainable transportation across Indian markets. The domain amperevehicles.com serves as the primary access point for users.
Who are the top competitors of Ampere Vehicles?
Ampere Vehicles's top competitors include Ather Energy, Ola Electric and BGauss.
How many acquisitions has Ampere Vehicles made?
Ampere Vehicles has made 1 acquisition, including Bestway Agency.
Who are Ampere Vehicles's investors?
Ampere Vehicles has 16 investors. Key investors include Axon Partners Group, Abdul Latif Jameel, Greaves Cotton, Pratithi Investments, and Kris Gopalakrishnan.