About C Electric
C Electric is a Transportation, Automotive & Logistics company based in Kochi (India) founded in 2018 by Ratheesh Nair, Bavil Varghese, and Ratheesh K. Powertrains for electric two- and three-wheelers are developed. C Electric has raised $1.04 million across 4 funding rounds from investors including GAIL, K Chittilappilly Foundation and Anish Aravind. C Electric was last valued at $3.52 million in September 2022. Its chief executive, as recorded, is Bavil Varghese. Its Indian entity Celectric Automotive Drives Private Limited reported revenue of ₹16.63 Cr. C Electric offers products and services including Motor Controller, BLDC Power Train, E Rickshaw Power Train, E Auto Power Train, and Vehicle Instrument Cluster. Its focus areas include Energy Tech, Electric Vehicles, Components and Powertrain Systems.
Company details
The company was founded in 2018 in Kochi, India, within the electric vehicle sector. Brushless motor powertrains, motor controllers, and BDLC systems for two- and three-wheelers are designed and developed. Vehicle instrument clusters are also produced, with features including hardware scalability, thermal and vibration monitoring, regenerative braking, and communication via CAN and UART protocols. Customized solutions are provided for connected vehicles.
- Headquarters Kochi, India
- Founders Ratheesh Nair, Bavil Varghese, Ratheesh K
- Stage Minicorn
- SectorsTransportation, Automotive & Logistics
- Email••••••••
- Website c-electricdrives.com
- Social LinkedIn X
- Legal Name Celectric Automotive Drives Private Limited
- Date of Incorporation 06 Nov, 2018
- Jurisdiction Kochi, Kerala, India
- Annual Revenue₹16.63 Cr
FY 2025 · -35% YoY
- Net Loss-₹96.8 Lakh
FY 2025 · -6% margin
- EBITDA-₹25.4 Lakh
FY 2025 · -2% margin
- Total Equity Funding$1.04M (USD)
in 4 rounds
- Latest Funding Round$329.99K (USD), Seed
Dec 2025
- InvestorsGAIL
& 3 more
Associated legal entities of C Electric
C Electric operates through Celectric Automotive Drives Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Celectric Automotive Drives Private Limited CIN U74999KL2018PTC055432 | Active | 06 Nov 2018 | Kochi, Kerala | ₹16.6 Cr | 30 | 2 | View details |
Products & Services of C Electric
C Electric offers a comprehensive portfolio of products and services, including Motor Controller, BLDC Power Train, E Rickshaw Power Train, E Auto Power Train, and Vehicle Instrument Cluster.
Manages electric motor operations for vehicles.
Provides brushless motor systems for efficient propulsion.
Offers power systems tailored for electric rickshaws.
Delivers powertrains for electric auto-rickshaws.
Features TFT clusters for vehicle monitoring and control.
Funding Insights of C Electric
C Electric has successfully raised a total of $1.04M across 4 strategic funding rounds. The most recent funding activity was a Seed round of $329.99 thousand completed in December 2025. 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 $1.04M
- Total Rounds 4
- Last Round Seed — $329,985
- First Round $300,697
(Aug 2019)
- Investors Count 4
All 4 funding rounds of C Electric with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2025 | $329,985 | Seed | – | Seafund | – |
| Sep 2022 | $376,272 | Seed | $3.52M | K Chittilappilly Foundation | – |
| May 2021 | $33,694 | Seed | $2.13M | GAIL | – |
| Aug 2019 | $300,697 | Seed | $••••• | GAIL |
| Date | Valuation | Stage |
|---|---|---|
| Sep 2022 | $3.52M | •••••••• |
| May 2021 | $2.13M | •••••••• |
| Aug 2019 | $••••• | •••••••• |
Full valuation and stage history of C Electric
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $3.52M (Sep 2022). 4 investors in total: 3 institutional and 1 angel.
Investors in C Electric
C Electric has secured backing from 4 investors, including institutional, angel, and venture fund investors. Prominent investors backing the company include GAIL, K Chittilappilly Foundation and Anish Aravind.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
| seafund.in | ||||
Foundation focused on medical assistance to poor and needy patients directly | 2012 | kcfoundation.in | Kochi, India | |
Natural gas exploration, production, transmission, marketing, and processing are conducted. | 1984 | gailonline.com | Delhi, India | |
AA Anish Aravind | unknown_83797f57ae6d4bdd8 |
Investor details for C Electric
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Celectric Automotive Drives Private Limited (C Electric)
Celectric Automotive Drives Private Limited is the primary company behind C Electric. The board of Celectric Automotive Drives Private Limited currently have 2 directors; the longest-serving is Bavil Varghese, appointed in 2018.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Bavil Varghese DIN 07206164 | Director | 06 Nov 2018 | 8 yrs | Celectric Automotive Drives Private Limited |
| Ratheesh DIN 07206166 | Director | 06 Nov 2018 | 8 yrs | Celectric Automotive Drives Private Limited |
People of C Electric
3 people are tracked at C Electric (3 in leadership).
| Name | Role | Group |
|---|---|---|
Ratheesh Nair | Co-Founder & CTO | Leadership |
| Co-Founder & CEO | Leadership | |
Ratheesh K | Co-Founder | Leadership |
Complete people profiles for C Electric
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of C Electric
Figures of Celectric Automotive Drives Private Limited, the primary company behind C Electric, for FY 2025. Revenue was ₹16.63 Cr (-35% year on year). Net loss was -₹96.8 Lakh (-6% margin). EBITDA was -₹25.4 Lakh (-2% margin). Revenue has grown at a compounded annual rate of +63% over three years and +96% over five years.
- ₹16.63 CrRevenue · FY 2025 · -35% YoY
- -₹96.8 LakhNet loss · -6% margin
- -₹25.4 LakhEBITDA · -2% margin
- ₹1.3 LakhPaid-up capital
- 30Employees (provident fund records)
- +63%Revenue CAGR, 3 years
- +96%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Celectric Automotive Drives Private Limited are on its company page.
Detailed financial statements for C Electric
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of C Electric
4 dated milestones of C Electric across 7 years, from founding to its latest funding, stage changes and deals.
- Founded C Electric is founded.
- Funding First funding round of $301K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $330K.
Top companies in Electric & Green Mobility
3 companies that operate in the same segment as C Electric (Electric & Green Mobility) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Electric ride-hailing and cab services are provided via mobile app. | 2019 | Mumbai, Maharashtra, India | USD 168.52 M | |||
Shared electric two-wheelers are rented via an online platform. | 2017 | Bengaluru, Karnataka, India | USD 187.54 M | USD 37.93 M | 401 | |
Manufacturer of electric scooters, charging infrastructure, smart helmets, and accessories | 2013 | Bengaluru, Karnataka, India | USD 502.02 M | USD 407.47 M | 1,917 |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about C Electric
Complete news archive for C Electric
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about C Electric
C Electric was founded in 2018 and raised its 1st funding round 1 year after it was founded.
C Electric is headquartered in Kochi, India. It is registered at Kochi, Kerala, India.
Bavil Varghese is the CEO of C Electric, as recorded in our data. They have also founded this company.
C Electric is a funded company, having raised a total of $1.04M across 4 funding rounds to date. The company's 1st funding round was a Seed of $300.7K, raised on Aug 2019.
The primary company behind C Electric, Celectric Automotive Drives Private Limited, reported revenue of ₹16.63 Cr for FY 2025, down 35% year on year.
The company was founded in 2018 in Kochi, India, within the electric vehicle sector. Brushless motor powertrains, motor controllers, and BDLC systems for two- and three-wheelers are designed and developed. Vehicle instrument clusters are also produced, with features including hardware scalability, thermal and vibration monitoring, regenerative braking, and communication via CAN and UART protocols. Customized solutions are provided for connected vehicles.
C Electric offers Motor Controller, BLDC Power Train, E Rickshaw Power Train, E Auto Power Train, and Vehicle Instrument Cluster.
C Electric has 4 investors. Key investors include GAIL, K Chittilappilly Foundation, Anish Aravind, and Seafund.
The valuation of C Electric is $3.52M as of Sep 2022.
C Electric operates through Celectric Automotive Drives Private Limited.
The legal entities of C Electric currently have 2 directors, including Bavil Varghese, Ratheesh.