About Clean Electric
Clean Electric is a Transportation, Automotive & Logistics company based in Pune (India) founded in 2016 by Ankit Joshi, Akash Gupta, and Abhinav Roy. Battery technology for electric vehicles and energy storage is manufactured. It operates in the Transportation, Automotive & Logistics and Energy & Utilities sectors. Clean Electric has raised $8.35 million across 4 funding rounds from investors including Info Edge, LetsVenture and pi Ventures. The company has 61 employees. Clean Electric was last valued at $21.06 million in August 2024. Its chief executive, as recorded, is Akash Gupta. Its website cleanelectric.in draws about 13 thousand monthly visits. Its Indian entity Clean Electric Private Limited reported revenue of ₹1.88 Cr. Clean Electric offers products and services including MACH 020, FLO 051, INSTA 250, MACH 123, and FLO 105. Its focus areas include Energy Tech, Energy Storage Tech, Battery and Secondary Battery. Its competitors include Lohum and Exponent Energy; 2 of its 2 listed competitors have raised funding.
Company details
Clean Electric was founded in 2016 in Pune, India, within the battery manufacturing sector. Battery packs with varying energy capacities, voltages, and operating voltages are produced for electric vehicles and energy storage applications. LFP chemistry and fireproof features are incorporated into the products, which support uses in three-wheelers, four-wheelers, and stationary systems. Battery intelligence platforms and thermal management systems are developed alongside core operations.
- Headquarters Pune, India
- Employees 61
- Founders Ankit Joshi, Akash Gupta, Abhinav Roy
- Stage Minicorn
- SectorsTransportation, Automotive & LogisticsEnergy & Utilities
- Email••••••••
- Phone•••• ••••
- Website cleanelectric.in
- Social LinkedIn X
- Legal Name Clean Electric Private Limited
- Date of Incorporation 31 May, 2016
- Jurisdiction Bihar, India
- Annual Revenue₹1.88 Cr
FY 2024 · +294% YoY
- Net Loss-₹12.48 Cr
FY 2024 · -542% margin
- EBITDA-₹11.79 Cr
FY 2024 · -512% margin
- Total Equity Funding$8.35M (USD)
in 4 rounds
- Latest Funding Round$6M (USD), Series A
Aug 2024
- InvestorsInfo Edge
& 23 more
- Employee Count61
Associated legal entities of Clean Electric
Clean Electric operates through Clean Electric 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 |
|---|---|---|---|---|---|---|---|
| Clean Electric Private Limited CIN U29299BR2016PTC031691 | Active | 31 May 2016 | Begusarai, Bihar | ₹1.9 Cr | 33 | 3 | View details |
Products & Services of Clean Electric
Clean Electric offers a comprehensive portfolio of products and services, including MACH 020, FLO 051, INSTA 250, MACH 123, and FLO 105.
Offers 2.1 kWh energy capacity for EV applications.
Provides 5.1 kWh for energy storage and vehicle use.
Delivers 2.5 kWh with fast charging for portable needs.
Features 12.3 kWh for high-capacity EV requirements.
Includes 10.5 kWh for efficient energy storage solutions.
Funding Insights of Clean Electric
Clean Electric has successfully raised a total of $8.35M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $6 million completed in August 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.
- Total Funding $8.35M
- Total Rounds 4
- Last Round Series A — $6M
- First Round $63,892
(Nov 2021)
- Investors Count 24
All 4 funding rounds of Clean 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 |
|---|---|---|---|---|---|
| Aug 2024 | $6M | Series A | $21.06M | Info Edge, pi Ventures | |
| Oct 2022 | $2.2M | Seed | $7.75M | Kalaari Capital | |
| Jun 2022 | $89,978 | Seed | $••••• | iCreate | |
| Nov 2021 | $63,892 | Angel Round | $••••• | Upendra Deglurkar |
| Date | Valuation | Stage |
|---|---|---|
| Aug 2024 | $21.06M | •••••••• |
| Oct 2022 | $7.75M | •••••••• |
| Jun 2022 | $••••• | •••••••• |
| Nov 2021 | $••••• | •••••••• |
Full valuation and stage history of Clean Electric
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
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Last known valuation $21.06M (Aug 2024). 24 investors in total: 15 institutional and 9 angel.
Investors in Clean Electric
Clean Electric has secured backing from 24 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Info Edge, LetsVenture and pi Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Deep-tech venture capital investments in early-stage companies. | 2016 | piventures.in | Bengaluru, India | |
Investment firm focusing on tech-enabled enterprises in social and environmental sectors. | 2002 | lokcapital.com | Gurugram, India | |
Investments in early-stage technology companies are made by Kalaari Capital. | kalaari.com | Bengaluru, India | ||
Climate tech companies are funded via specialized angel networks. | climateangels.in | Gurugram, India | ||
Venture capital firm focused on seed-stage investments | 7squareventures.tcc.mode | Mumbai, India | ||
Micro venture capital fund focusing on health tech sector | lvangelfund.tcc.mode | Bengaluru, India | ||
Early-stage tech startups are supported via venture capital and acceleration. | iimaventures.com | Ahmedabad, India | ||
Startups in diverse technologies are incubated over two years. | icreate.org.in | Ahmedabad, India | ||
A multi-group online classifieds company operating across diversified sectors | 1995 | infoedge.in | Delhi, India | |
| ramaadvisors.tcc.mode |
Investor details for Clean Electric
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Board of directors of Clean Electric Private Limited (Clean Electric)
Clean Electric Private Limited is the primary company behind Clean Electric. The board of Clean Electric Private Limited currently have 3 directors; the longest-serving is Abhinav Roy, appointed in 2016. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Abhinav Roy DIN 07524279 | Director | 31 May 2016 | 10 yrs 4 mo | Clean Electric Private Limited |
| Akash Gupta DIN 07531759 | Director | 31 May 2016 | 10 yrs 4 mo | Clean Electric Private Limited |
| Shubham Sandeep DIN 06509167 | Nominee Director | 30 Sep 2024 | 2 yrs | Clean Electric Private Limited |
People of Clean Electric
3 people are tracked at Clean Electric (3 in leadership); the tracked headcount is 61.
| Name | Role | Group |
|---|---|---|
Ankit Joshi | Co-Founder & CPO | Leadership |
| Co-Founder & CEO | Leadership | |
| Co-Founder & CTO | Leadership |
Complete people profiles for Clean Electric
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Verified entity values are shown only after access is granted.
Financials of Clean Electric
Figures of Clean Electric Private Limited, the primary company behind Clean Electric, for FY 2024. Revenue was ₹1.88 Cr (+294% year on year). Net loss was -₹12.48 Cr (-542% margin). EBITDA was -₹11.79 Cr (-512% margin).
- ₹1.88 CrRevenue · FY 2024 · +294% YoY
- -₹12.48 CrNet loss · -542% margin
- -₹11.79 CrEBITDA · -512% margin
- ₹14.3 LakhPaid-up capital
- 33Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Clean Electric Private Limited are on its company page.
Detailed financial statements for Clean Electric
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Clean Electric
4 dated milestones of Clean Electric across 8 years, from founding to its latest funding, stage changes and deals.
- Founded Clean Electric is founded.
- Funding First funding round of $64K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series A, of $6.0M.
Competitors of Clean Electric
Clean Electric has 2 listed competitors in our database, 2 of them funded. They include Lohum and Exponent Energy.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| lohum.com | 2018 | Noida, India | $115.92M | 286 | Recycles lithium-ion batteries and repurposes battery raw materials through low-carbon refining | |
| exponent.energy | 2020 | Bengaluru, India | $47.2M | 222 | Rapid-charging technology for electric vehicles is developed and scaled. |
Detailed competitors of Clean Electric
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Web traffic of Clean Electric
The website of Clean Electric (cleanelectric.in) receives about 13.1K visits a month.
- Monthly visits13.1K
▲ 554.9% vs previous month
Top companies in Electric & Green Mobility
3 companies that operate in the same segment as Clean 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 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 |
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Frequently Asked Questions about Clean Electric
Clean Electric was founded in 2016 and raised its 1st funding round 5 years after it was founded.
Clean Electric is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
Akash Gupta is the CEO of Clean Electric, as recorded in our data. They have also founded this company.
Clean Electric is a funded company, having raised a total of $8.35M across 4 funding rounds to date. The company's 1st funding round was a Angel Round of $63.89K, raised on Nov 2021.
Clean Electric has 61 employees.
The primary company behind Clean Electric, Clean Electric Private Limited, reported revenue of ₹1.88 Cr for FY 2024, up 294% year on year.
Clean Electric was founded in 2016 in Pune, India, within the battery manufacturing sector. Battery packs with varying energy capacities, voltages, and operating voltages are produced for electric vehicles and energy storage applications. LFP chemistry and fireproof features are incorporated into the products, which support uses in three-wheelers, four-wheelers, and stationary systems. Battery intelligence platforms and thermal management systems are developed alongside core operations.
Clean Electric's top competitors include Lohum and Exponent Energy.
Clean Electric offers MACH 020, FLO 051, INSTA 250, MACH 123, and FLO 105.
Clean Electric has 24 investors. Key investors include Info Edge, LetsVenture, pi Ventures, Lok Capital, and Sarcha Advisors.
The valuation of Clean Electric is $21.06M as of Aug 2024.
Clean Electric operates through Clean Electric Private Limited.