About Aurita Bikes
Aurita Bikes is a company based in Ahmedabad (India) founded in 2018 by Abhijit Mane, Raghuveer Chadalavada, and Pandey Raghunath. Aurita Bikes has raised $55.09 thousand across 1 funding round from investors including Manish Kumar and Gaurav Mehrotra. Aurita Bikes operates in a competitive market with competitors including EMotorad, eBik, Hornback, VAAN and GHM, among others.
- Headquarter Ahmedabad, India
- Founders Abhijit Mane, Raghuveer Chadalavada, Pandey Raghunath
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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 Elon Motors Engineering Private Limited
- Date of Incorporation 05 Jul, 2018
- Jurisdiction Bhimavaram, Andhra Pradesh, India
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Annual Revenue
$77.09 K (USD)133.72as on Mar 31, 2023
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Net Profit
-$41.31 K (USD)4.87as on Mar 31, 2023
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EBITDA
-$39.02 K (USD)29.3as on Mar 31, 2023
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Total Equity Funding
$55.09 K (USD)
in 1 rounds
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Latest Funding Round
$55.09 K (USD), Angel Round
Dec 15, 2023
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Investors
& 1 more
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Employee Count
Not available
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Funding Insights of Aurita Bikes
Aurita Bikes has successfully raised a total of $55.09K through 1 strategic funding round. The most recent funding activity was a Angel Round of $55.09 thousand completed in December 2023. 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 Aurita Bikes
Aurita Bikes has secured backing from 2 investors, including angel investors. Prominent investors backing the company include Manish Kumar and Gaurav Mehrotra.
| Investor | Description | Founded Year | Domain | Location |
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MK
Manish Kumar |
Co-founder of Kuku FM, active angel investor in Indian startups
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GM
Gaurav Mehrotra |
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Investor details for Aurita Bikes
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Investments & Acquisitions by Aurita Bikes
Investment portfolio details for Aurita Bikes
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Financial Statements - Aurita Bikes
Detailed financials for Aurita Bikes
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Aurita Bikes Comparisons
Peer comparison for Aurita Bikes
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Competitors of Aurita Bikes
Aurita Bikes 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 EMotorad, eBik, Hornback, VAAN and GHM, among others.
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Electric bicycles and e-bikes are offered via an online platform.
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Electric bicycles are manufactured with features for pedal-assisted riding.
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Foldable electric bicycles are provided by Hornback platform.
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Electric bicycles with removable batteries are manufactured by VAAN.
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Electric bicycles are designed, manufactured, and sold by GHM.
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Electric bicycles and vehicles are manufactured in Mumbai, India.
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Detailed competitors of Aurita Bikes
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Latest news on Aurita Bikes
Complete news archive for Aurita Bikes
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Frequently Asked Questions about Aurita Bikes
Aurita Bikes was founded in 2018 and raised its 1st funding round 5 years after it was founded.
Aurita Bikes is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.
Raghuveer Chadalavada is the current CEO of Aurita Bikes. They have also founded this company.
Aurita Bikes is a funded company, having raised a total of $55.09K across 1 funding round to date.
Annual revenue of Aurita Bikes is $77.09K as on Mar 31, 2023.
Aurita Bikes was founded in 2018 in Ahmedabad, India, as a manufacturer in the electric bicycle sector. Electric cargo and folding bicycles are developed with components such as lithium-ion batteries, aluminum frames, and LCD displays. Operations focus on vehicle production tailored for urban mobility needs. The company is led by co-founders including Raghuveer Chadalavada as CEO, with engineering oversight provided by key personnel.
Aurita Bikes has 2 investors. Key investors include Manish Kumar, and Gaurav Mehrotra.
The valuation of Aurita Bikes is $204.66K as of Dec 2023.