About Cargar
Cargar is a Transportation, Automotive & Logistics company based in Ahmedabad (India) founded in 2019 by Kayavan Shah and Raj Anupam. It operates as an on-demand EV charging is facilitated via a hardware technology platform. It operates in the Transportation, Automotive & Logistics and Energy & Utilities sectors. Its Indian entity Mcs Cargar Private Limited reported revenue of ₹3.6 Lakh. Its focus areas include Energy Tech, Energy Storage Tech, Charging and Devices. Its competitors include Wallbox, myenergi, POD Point, CTEK and Span.IO and 4 more; 8 of its 9 listed competitors have raised funding.
Company details
Cargar was founded in 2019 in Ahmedabad, India, as a charge-as-a-service platform in the electric vehicle sector. On-demand charging solutions are delivered through a hardware technology platform, supporting EV charging and powering of various electric devices. Operations focus on providing accessible infrastructure across locations, with services managed by co-founders Kayavan Shah and Raj Anupam. The platforms domain is cargar.in.
- Headquarters Ahmedabad, India
- Founders Kayavan Shah, Raj Anupam
- SectorsTransportation, Automotive & LogisticsEnergy & Utilities
- Email••••••••
- Phone•••• ••••
- Website cargar.in
- Social LinkedIn X Instagram YouTube
- Legal Name Mcs Cargar Private Limited
- Date of Incorporation 16 Nov, 2019
- Jurisdiction Ahmedabad, Gujarat, India
- Annual Revenue₹3.6 Lakh
FY 2024 · -67% YoY
- Net Loss-₹2.1 Lakh
FY 2024 · -57% margin
- EBITDA-₹1.8 Lakh
FY 2024 · -50% margin
- Investors
Associated legal entities of Cargar
Cargar operates through Mcs Cargar Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Mcs Cargar Private Limited CIN U74999GJ2019PTC110840 | Active | 16 Nov 2019 | Ahmedabad, Gujarat | ₹0.0 Cr | – | 2 | View details |
Apps and channels of Cargar
its YouTube channel info cargar has 8 subscribers.
Funding Insights of Cargar
- Total Rounds 1
- Investors Count 1
All 1 funding rounds of Cargar 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 |
|---|---|---|---|---|---|
| May 2024 | – | Grant | – | – |
1 investors in total: 1 institutional.
Investors in Cargar
Cargar has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Villgro.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Incubation of social enterprises in climate-smart agriculture, healthcare, and climate action sectors. | 2001 | villgro.org | Chennai, India |
Investor details for Cargar
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Verified entity values are shown only after access is granted.
Board of directors of Mcs Cargar Private Limited (Cargar)
Mcs Cargar Private Limited is the primary company behind Cargar. The board of Mcs Cargar Private Limited currently have 2 directors; the longest-serving is Kayvan Paragbhai Shah, appointed in 2019.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Kayvan Paragbhai Shah DIN 08360276 | Director | 16 Nov 2019 | 6 yrs 11 mo | Mcs Cargar Private Limited |
| Raj Anupam DIN 07878466 | Director | 16 Nov 2019 | 6 yrs 11 mo | Mcs Cargar Private Limited |
People of Cargar
2 people are tracked at Cargar (2 in leadership).
| Name | Role | Group |
|---|---|---|
Kayavan Shah | Co-Founder | Leadership |
| Co-Founder | Leadership |
Complete people profiles for Cargar
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Financials of Cargar
Figures of Mcs Cargar Private Limited, the primary company behind Cargar, for FY 2024. Revenue was ₹3.6 Lakh (-67% year on year). Net loss was -₹2.1 Lakh (-57% margin). EBITDA was -₹1.8 Lakh (-50% margin). Revenue has grown at a compounded annual rate of +61% over three years.
- ₹3.6 LakhRevenue · FY 2024 · -67% YoY
- -₹2.1 LakhNet loss · -57% margin
- -₹1.8 LakhEBITDA · -50% margin
- ₹1 LakhPaid-up capital
- +61%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Mcs Cargar Private Limited are on its company page.
Detailed financial statements for Cargar
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
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Timeline of Cargar
2 dated milestones of Cargar across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Cargar is founded.
- Funding First funding round.
Competitors of Cargar
Cargar has 9 listed competitors in our database, 8 of them funded. They include Wallbox, myenergi, POD Point, CTEK and Span.IO, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| wallbox.com | 2015 | Barcelona, Spain | $70.19M | 1 | Provider of electric-vehicle charging solutions | |
| myenergi.com | 2016 | Market Rasen, United Kingdom | $36.77M | 257 | Electric vehicle charger solutions are provided by myenergi. | |
| pod-point.com | 2009 | London, United Kingdom | $58.39M | 494 | Provider of electric vehicle charging solutions | |
| ctek.com | 1997 | Vikmanshyttan, Sweden | $123.05M | – | EV chargers for automotive batteries are manufactured and distributed worldwide. | |
| span.io | 2014 | San Francisco, United States | $255.56M | – | Smart panels for home energy management are provided by Span.IO. | |
| eocharging.com | 2014 | London, United Kingdom | $100.56M | 66 | EV charging points for car parks are designed and manufactured. | |
| evbox.com | 2010 | Amsterdam, Netherlands | – | 6 | EV charging equipment and public infrastructure are designed and developed. | |
| semaconnect.com | 2008 | Bowie, United States | $27.2M | 109 | Provider of EV charging solutions | |
| drivelah.sg | 2018 | Singapore | $8.2M | – | Cars are listed and rented peer-to-peer via an online platform. |
Detailed competitors of Cargar
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Verified entity values are shown only after access is granted.
Web traffic of Cargar
The website of Cargar (cargar.in) receives about 1.3K visits a month.
- Monthly visits1.3K
▼ 28.6% vs previous month
Top companies in Electric & Green Mobility
10 companies that operate in the same segment as Cargar (Electric & Green Mobility), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Electric kick-scooters are rented through an app-based platform. | 2017 | Miami, Florida, United States | USD 765 M | USD 244.66 M | 953 | |
Electric kick-scooters are rented through an app-based platform. | 2017 | San Francisco, California, United States | USD 1.4 B | – | 2,813 | |
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 2.14 M | 251 | |
Manufacturer of electric scooters, charging infrastructure, smart helmets, and accessories | 2013 | Bengaluru, Karnataka, India | USD 502.02 M | USD 391.37 M | 1,917 | |
App-based platform offering electric kick scooter rental services | 2018 | Amsterdam, Netherlands | USD 211.85 M | – | – | |
Utility bill management platform is provided for tracking and billing. | 2015 | London, England, United Kingdom | USD 2.81 B | USD 17.62 K | 5,752 | |
Electric vehicles are manufactured and developed by Polestar. | 1996 | Goteborg, Vastra Gotaland, Sweden | USD 550 M | USD 3.06 B | 2,550 | |
Electric buses and charging systems are manufactured for fleets. | 2004 | Burlingame, California, United States | USD 857.79 M | USD 309.36 M | 418 | |
Multi-category electric vehicles are manufactured for diverse applications. | 1999 | Bedford, United States | USD 101.78 M | – | – |
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Related news about Cargar
Complete news archive for Cargar
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Frequently Asked Questions about Cargar
Cargar was founded in 2019 and raised its 1st funding round 5 years after it was founded.
Cargar is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.
The primary company behind Cargar, Mcs Cargar Private Limited, reported revenue of ₹3.6 Lakh for FY 2024, down 67% year on year.
Cargar was founded in 2019 in Ahmedabad, India, as a charge-as-a-service platform in the electric vehicle sector. On-demand charging solutions are delivered through a hardware technology platform, supporting EV charging and powering of various electric devices. Operations focus on providing accessible infrastructure across locations, with services managed by co-founders Kayavan Shah and Raj Anupam. The platforms domain is cargar.in.
Cargar has 1 investor. Key investors include Villgro.
Cargar operates through Mcs Cargar Private Limited.
The legal entities of Cargar currently have 2 directors, including Kayvan Paragbhai Shah, Raj Anupam.