About Cygni Energy
Cygni Energy is a Transportation, Automotive & Logistics company based in Hyderabad (India) founded in 2014 by Venkat Rajaraman. Lithium-ion battery packs for electric vehicles and storage are manufactured. It operates in the Transportation, Automotive & Logistics and Energy & Utilities sectors. Cygni Energy has raised $28.53 million across 10 funding rounds from investors including Indian Overseas Bank, IndusInd Bank and Sasken. The company has 82 employees. Cygni Energy was last valued at $32.93 million in December 2021. Its chief executive, as recorded, is Venkat Rajaraman. Its Indian entity Cygni Energy Private Limited reported revenue of ₹45.22 Cr. Cygni Energy offers products and services including EV-2 Wheeler Battery, E-Rickshaws Battery, Commercial and Industrial Energy Storage, and SodiumIon Battery. Its focus areas include Energy Tech, Energy Storage Tech, Battery and Secondary Battery.
Company details
Cygni Energy was founded in 2014 in Hyderabad, India, and operates in the energy storage sector. Lithium-ion battery packs are produced for electric vehicles and industrial applications, with customized solutions offered for two-wheelers, e-rickshaws, and commercial systems. Scalable options are provided to address various energy requirements, emphasizing performance and reduced maintenance needs across diverse uses.
- Headquarters Hyderabad, India
- Employees 82
- Founders Venkat Rajaraman
- Stage Minicorn
- SectorsTransportation, Automotive & LogisticsEnergy & Utilities
- Email••••••••
- Phone•••• ••••
- Website cygni.com
- Social LinkedIn X Facebook YouTube
- Legal Name Cygni Energy Private Limited
- Date of Incorporation 08 Oct, 2014
- Jurisdiction Hyderabad, Telangana, India
- Annual Revenue₹45.22 Cr
FY 2025 · -5% YoY
- Net Loss-₹8.65 Cr
FY 2025 · -19% margin
- EBITDA-₹8.02 Cr
FY 2025 · -18% margin
- Total Equity Funding$28.53M (USD)
in 10 rounds
- Latest Funding Round$12.5M (USD), Series B
Aug 2022
- InvestorsIndian Overseas Bank
& 8 more
- Employee Count82
Associated legal entities of Cygni Energy
Cygni Energy operates through Cygni Energy 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 |
|---|---|---|---|---|---|---|---|
| Cygni Energy Private Limited CIN U40102TG2014PTC095918 | Active | 08 Oct 2014 | Hyderabad, Telangana | ₹45.2 Cr | 82 | 3 | View details |
Products & Services of Cygni Energy
Cygni Energy offers a comprehensive portfolio of products and services, including EV-2 Wheeler Battery, E-Rickshaws Battery, Commercial and Industrial Energy Storage, and SodiumIon Battery.
Lithium-ion battery for electric two-wheelers in tough conditions.
High-performing battery for electric rickshaws with maintenance-free design.
Scalable storage for business energy needs and renewable integration.
Advanced battery for various energy storage applications.
Apps and channels of Cygni Energy
its YouTube channel Cygni Energy Private Limited has 1.39K subscribers and 30 videos.
Videos from Cygni Energy
The most watched videos on Cygni Energy's YouTube channel, Cygni Energy Private Limited (1.39K subscribers). Click a video to play it here.
More on Cygni Energy Private Limited.
Funding Insights of Cygni Energy
Cygni Energy has successfully raised a total of $28.53M across 10 strategic funding rounds. The most recent funding activity was a Series B round of $12.5 million completed in August 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 $28.53M
- Total Rounds 10
- Last Round Series B — $12.5M
- Investors Count 9
All 10 funding rounds of Cygni Energy 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 2022 | Debt – Conventional | – | – | ||
| Aug 2022 | $12.5M | Series B | – | Meridian Global Ventures | – |
| Dec 2021 | $6.58M | Series A | $32.93M | Vks Family Trust, Pks Family Trust | – |
| Aug 2018 | Debt – Conventional | – | – | ||
| Aug 2018 | $6.4M | Series A | $21.42M | Endiya Partners | – |
| Jan 2017 | $1.18M | Seed | $••••• | Meridian Global Ventures | – |
| Jun 2016 | $1.56M | Seed | – | Sasken | – |
| Jun 2016 | Seed | – | RTBI | – | |
| Aug 2015 | $306,068 | Seed | $••••• | Sasken | – |
| Jun 2014 | Grant | – | – |
| Date | Valuation | Stage |
|---|---|---|
| Dec 2021 | $32.93M | •••••••• |
| Aug 2018 | $21.42M | •••••••• |
| Jan 2017 | $••••• | •••••••• |
| Aug 2015 | $••••• | •••••••• |
Full valuation and stage history of Cygni Energy
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 $32.93M (Dec 2021). 9 investors in total: 9 institutional.
Investors in Cygni Energy
Cygni Energy has secured backing from 9 investors, including institutional and venture fund investors. Prominent investors backing the company include Indian Overseas Bank, IndusInd Bank and Sasken.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage investments are targeted by Meridian Global Ventures. | Chennai, India | |||
Early-stage venture capital investing in AI, deep tech, healthcare, and fintech startups. | 2015 | endiya.com | Hyderabad, India | |
Startups in rural technologies are incubated by government-backed RTBI. | rtbi.in | Chennai, India | ||
Sector agnostic incubation program based out of India | 2011 | millenniumalliance.in | Delhi, India | |
Commercial banking services are offered to individuals and corporates. | 1937 | iob.in | Chennai, India | |
Personal and business banking products and services are provided. | 1994 | indusind.com | Pune, India | |
IT, product engineering, and digital transformation services are provided. | 1989 | sasken.com | Bengaluru, India |
Investor details for Cygni Energy
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Verified entity values are shown only after access is granted.
Board of directors of Cygni Energy Private Limited (Cygni Energy)
Cygni Energy Private Limited is the primary company behind Cygni Energy. The board of Cygni Energy Private Limited currently have 3 directors; the longest-serving is Srividhya Venkataraman, appointed in 2014. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Srividhya Venkataraman DIN 01554832 | Director | 08 Oct 2014 | 12 yrs 1 mo | Cygni Energy Private Limited |
| Venkataraman Rajaraman DIN 02167670 | Managing Director | 01 Jan 2015 | 11 yrs 10 mo | Cygni Energy Private Limited |
| Rahul Saraogi DIN 00496259 | Director | 23 Nov 2015 | 10 yrs 11 mo | Cygni Energy Private Limited |
People of Cygni Energy
12 people are tracked at Cygni Energy (2 in leadership, 1 in board & advisors, 9 in team); the tracked headcount is 82.
| Name | Role | Group |
|---|---|---|
Venkat Rajaraman | Founder & CEO | Leadership |
Kumar Raman Ranjan | Assistant General Manager- Quality | Leadership |
| Director | Board & advisors | |
Prudhvi Reddy | Quality Engineer | Team |
Vishwanadh Megharaj | Deputy Manager - FSM | Team |
Vipul Kumar Jain | SVP, Operations | Team |
Manu Thomas | Project Manager-CSR | Team |
Shrikant More | Production Manager | Team |
Thangminlen Singsit | Service Manager | Team |
Venkatarao Goruputi | DGM Production | Team |
Malleswara Rao | Assistant Manager | Team |
Vijay Kumar Errabelly | Service Engineer | Team |
Complete people profiles for Cygni Energy
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 Cygni Energy
Figures of Cygni Energy Private Limited, the primary company behind Cygni Energy, for FY 2025. Revenue was ₹45.22 Cr (-5% year on year). Net loss was -₹8.65 Cr (-19% margin). EBITDA was -₹8.02 Cr (-18% margin). Revenue has grown at a compounded annual rate of -5% over three years and +7% over five years.
- ₹45.22 CrRevenue · FY 2025 · -5% YoY
- -₹8.65 CrNet loss · -19% margin
- -₹8.02 CrEBITDA · -18% margin
- ₹1.42 CrPaid-up capital
- 82Employees (provident fund records)
- -5%Revenue CAGR, 3 years
- +7%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Cygni Energy Private Limited are on its company page.
Detailed financial statements for Cygni Energy
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
Verified entity values are shown only after access is granted.
Timeline of Cygni Energy
4 dated milestones of Cygni Energy across 8 years, from founding to its latest funding, stage changes and deals.
- Founded Cygni Energy is founded.
- Funding First funding round.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series B, of $12.5M.
Web traffic of Cygni Energy
The website of Cygni Energy (cygni.com) receives about 2.9K visits a month.
- Monthly visits2.9K
▲ 25.1% vs previous month
Top companies in Electric & Green Mobility
3 companies that operate in the same segment as Cygni Energy (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 |
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Related news about Cygni Energy
Complete news archive for Cygni Energy
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Frequently Asked Questions about Cygni Energy
Cygni Energy was founded in 2014.
Cygni Energy is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Venkat Rajaraman is the CEO of Cygni Energy, as recorded in our data. They have also founded this company.
Cygni Energy is a funded company, having raised a total of $28.53M across 10 funding rounds to date.
Cygni Energy has 82 employees.
The primary company behind Cygni Energy, Cygni Energy Private Limited, reported revenue of ₹45.22 Cr for FY 2025, down 5% year on year.
Cygni Energy was founded in 2014 in Hyderabad, India, and operates in the energy storage sector. Lithium-ion battery packs are produced for electric vehicles and industrial applications, with customized solutions offered for two-wheelers, e-rickshaws, and commercial systems. Scalable options are provided to address various energy requirements, emphasizing performance and reduced maintenance needs across diverse uses.
Cygni Energy offers EV-2 Wheeler Battery, E-Rickshaws Battery, Commercial and Industrial Energy Storage, and SodiumIon Battery.
Cygni Energy has 9 investors. Key investors include Indian Overseas Bank, IndusInd Bank, Sasken, Endiya Partners, and Millennium Alliance.
The valuation of Cygni Energy is $32.93M as of Dec 2021.
Cygni Energy operates through Cygni Energy Private Limited.
The legal entities of Cygni Energy currently have 3 directors, including Venkataraman Rajaraman, Rahul Saraogi, Srividhya Venkataraman.