About Devam Electric Vehicles
Devam Electric Vehicles is a company based in Ahmedabad (India) founded in 2014 was acquired by Lords Automative in August 2021.. Devam Electric Vehicles operates in a competitive market with competitors including TI Clean Mobility, 3evi, ETO Motors, Montra Electric and GMW, among others.
- Headquarter Ahmedabad, India
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Sectors
Transportation, Automotive & Logistics
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Email
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Phone
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Website
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Social
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- Legal Name Devam Electric Vehicles Private Limited
- Date of Incorporation 29 Dec, 2014
- Jurisdiction Pardi, Gujarat, India
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Annual Revenue
$33.66 K (USD)4275.8as on Mar 31, 2022
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Net Profit
$8.35 K (USD)202.08as on Mar 31, 2022
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EBITDA
$9.34 K (USD)212.77as on Mar 31, 2022
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Acquired by
Lords Automative
(Aug 04, 2021)
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Funding Insights of Devam Electric Vehicles
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Devam Electric Vehicles
Devam Electric Vehicles has secured backing from 1 investor. Prominent investors backing the company include Lords Automative. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Manufacturer of electric scooters
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Devam Electric Vehicles
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Devam Electric Vehicles
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Devam Electric Vehicles Comparisons
Competitors of Devam Electric Vehicles
Devam Electric Vehicles 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 TI Clean Mobility, 3evi, ETO Motors, Montra Electric and GMW, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Electric three-wheelers are designed, manufactured, and marketed for passenger transport.
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| domain | founded_year | HQ Location |
Three-wheel electric vehicles are manufactured along with hyper-local connectivity services.
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| domain | founded_year | HQ Location |
Online platform offering electric vehicles and fleet management solutions
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| domain | founded_year | HQ Location |
Electric three-wheelers are manufactured by Montra Electric in India.
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| domain | founded_year | HQ Location |
Platform offering electric mobility solutions
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| domain | founded_year | HQ Location |
Electric rickshaws are manufactured and developed by Atul Greentech.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Devam Electric Vehicles
When was Devam Electric Vehicles founded?
Devam Electric Vehicles was founded in 2014.
Where is Devam Electric Vehicles located?
Devam Electric Vehicles is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.
Who is the current CEO of Devam Electric Vehicles?
Harit Shah is the current CEO of Devam Electric Vehicles.
What is the annual revenue of Devam Electric Vehicles?
Annual revenue of Devam Electric Vehicles is $33.66K as on Mar 31, 2022.
What does Devam Electric Vehicles do?
A platform for the helicopter industry was established in 2014 in Ahmedabad, India. Connections between pilots, mechanics, employers, and flight schools are facilitated through various services. A job board is maintained, alongside industry news, articles, videos, and a pilot salary survey. Forums, blogs, and a magazine are included to support community engagement. Resources for career development and training details are also made available.
Who are the top competitors of Devam Electric Vehicles?
Devam Electric Vehicles's top competitors include ETO Motors, TI Clean Mobility and Atul Greentech.
Who are Devam Electric Vehicles's investors?
Devam Electric Vehicles has 1 investor. Key investors include Lords Automative.