About DAO EVTech
DAO EVTech is a company based in Hyderabad (India) founded in 2018. It operates as a B2C. DAO EVTech operates in a competitive market with competitors including Ola Electric, Ather Energy, Gogoro, Hero Electric and BGauss, among others.
- Annual Revenue₹1.71 Cr
FY 2022 · +1066% YoY
- Net Loss-₹1.70 Cr
FY 2022 · -99% margin
- EBITDA-₹1.63 Cr
FY 2022 · -95% margin
Associated legal entities of DAO EVTech
DAO EVTech operates through Dao Evtech Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2022) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Dao Evtech Private Limited CIN U34102TG2019PTC131092 | Active | 05 Mar 2019 | Hyderabad, Telangana | ₹1.7 Cr | 12 | 3 | View details |
Board of directors of Dao Evtech Private Limited (DAO EVTech)
Dao Evtech Private Limited is the primary company behind DAO EVTech. The board of Dao Evtech Private Limited currently have 3 directors; the longest-serving is Robin Varghese, appointed in 2019. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Robin Varghese DIN 08030476 | Director | 05 Mar 2019 | 7 yrs 7 mo | Dao Evtech Private Limited |
| Ning Liu DIN 09399113 | Director | 31 Mar 2022 | 4 yrs 6 mo | Dao Evtech Private Limited |
| Balaji Achutuni DIN 02116093 | Director | 20 Aug 2024 | 2 yrs 1 mo | Dao Evtech Private Limited |
Financials of DAO EVTech
Figures of Dao Evtech Private Limited, the primary company behind DAO EVTech, for FY 2022. Revenue was ₹1.71 Cr (+1066% year on year). Net loss was -₹1.70 Cr (-99% margin). EBITDA was -₹1.63 Cr (-95% margin).
- ₹1.71 CrRevenue · FY 2022 · +1066% YoY
- -₹1.70 CrNet loss · -99% margin
- -₹1.63 CrEBITDA · -95% margin
- ₹5.56 CrPaid-up capital
- 12Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Dao Evtech Private Limited are on its company page.
Detailed financial statements for DAO EVTech
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Competitors of DAO EVTech
DAO EVTech 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 Ola Electric, Ather Energy, Gogoro, Hero Electric and BGauss, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| olaelectric.com | 2017 | Bengaluru, India | $1B | 3,520 | Electric scooters and motorcycles are manufactured with related accessories. | |
| atherenergy.com | 2013 | Bengaluru, India | $502.15M | 1,755 | Manufacturer of electric scooters, charging infrastructure, smart helmets, and accessories | |
| gogoro.com | 2011 | Taipei, Taiwan | $480M | 1,892 | Electric scooters are developed and battery swapping networks are operated. | |
| heroelectric.in | 2007 | Gurugram, India | $129.6M | 122 | Manufacturer offering electric scooters and mobility solutions | |
| bgauss.com | 2020 | Mumbai, India | $24.37M | 633 | Retailer of electric scooters offering test rides, maintenance, and financing | |
| rideriver.com | 2020 | Bengaluru, India | $66M | 396 | Electric scooters are designed and produced for urban mobility. | |
| motovolt.co | 2019 | Kolkata, India | $1.92M | 315 | Electric bicycles with advanced features are developed by Motovolt. | |
| bncmotors.in | 2020 | Coimbatore, India | $8.66M | – | Electric two-wheelers with removable batteries and hub motors are manufactured. | |
| greaveselectricmobility.com | 2008 | Bengaluru, India | $226.32M | 1,551 | Manufacturer of electric two and three-wheelers for personal and commercial use |
Detailed competitors of DAO EVTech
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Web traffic of DAO EVTech
The website of DAO EVTech (daoev.com) receives about 11.4K visits a month.
- Monthly visits11.4K
▲ 123.5% vs previous month
Latest news on Dao Evtech
Complete news archive for DAO EVTech
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Similar companies to DAO EVTech
10 companies that operate in the same segment as DAO EVTech (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 765.74 M | – | – | |
Electric kick-scooters are rented through an app-based platform. | 2017 | San Francisco, California, United States | USD 1.71 B | – | – | |
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 502.15 M | USD 391.37 M | 1,620 | |
App-based platform offering electric kick scooter rental services | 2018 | Amsterdam, Netherlands | USD 211.85 M | – | – | |
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 | 1,247 | |
Multi-category electric vehicles are manufactured for diverse applications. | 1999 | Bedford, United States | USD 101.78 M | – | – | |
Autonomous aerial vehicles are provided for consumer and commercial uses. | 2014 | Guangzhou, Guangdong, China | USD 94 M | USD 58.15 M | 483 |
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Frequently Asked Questions about DAO EVTech
DAO EVTech was founded in 2018.
DAO EVTech is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
The primary company behind DAO EVTech, Dao Evtech Private Limited, reported revenue of ₹1.71 Cr for FY 2022, up 1066% year on year.
DAO EVTech, based in Hyderabad, focuses on producing manufactured goods, dealing with automotive parts, developing electric vehicles, and scooter technology. Develops innovative technologies for electric scooters to enhance urban mobility. The company prioritizes operational excellence, innovation, and customer-centric approaches for success.
DAO EVTech's top competitors include Ather Energy, Ola Electric and BGauss.
DAO EVTech operates through Dao Evtech Private Limited.
The legal entities of DAO EVTech currently have 3 directors, including Balaji Achutuni, Robin Varghese, Ning Liu.