About Devam Electric Vehicles
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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
- SectorsTransportation, Automotive & Logistics
- EmailLocked
- PhoneLocked
- Website devamev.com
- Social Facebook
- Acquired by Lords Automative (Aug 2021)
- Legal Name Devam Electric Vehicles Private Limited
- Date of Incorporation 29 Dec, 2014
- Jurisdiction Pardi, Gujarat, India
- Annual Revenue$33.66 K (USD)4275.8as on Mar 31, 2022
- Net Profit$8.35 K (USD)202.08as on Mar 31, 2022
- EBITDA$9.34 K (USD)212.77as on Mar 31, 2022
- Investors
- Acquired byLords Automative
(Aug 04, 2021)
Associated legal entities of Devam Electric Vehicles
Devam Electric Vehicles operates through Devam Electric Vehicles 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 | Report |
|---|---|---|---|---|---|---|---|
| Devam Electric Vehicles Private Limited CIN U34102GJ2014PTC081657 | Active | 29 Dec 2014 | Pardi, Gujarat | ₹0.4 Cr | – | 2 | Buy report |
People of Devam Electric Vehicles
1 people are tracked at Devam Electric Vehicles (1 in leadership).
| Name | Role | Group |
|---|---|---|
| Director & CEO | Leadership |
Complete people profiles for Devam Electric Vehicles
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Board of directors of Devam Electric Vehicles Private Limited (Devam Electric Vehicles)
Devam Electric Vehicles Private Limited is the primary company behind Devam Electric Vehicles. The board of Devam Electric Vehicles Private Limited currently have 2 directors; the longest-serving is Anurag Kar, appointed in 2022. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Anurag Kar DIN 08904531 | Additional Director | 13 Jan 2022 | 4 yrs 8 mo | Devam Electric Vehicles Private Limited |
| Dharmendra Navin Sinha DIN 08908825 | Director | 20 Feb 2023 | 3 yrs 7 mo | Devam Electric Vehicles Private Limited |
Financials of Devam Electric Vehicles
Figures of Devam Electric Vehicles Private Limited, the primary company behind Devam Electric Vehicles, for FY 2024. Revenue was ₹0.38 Cr (-7% year on year). Net loss was -₹0.06 Cr (-15% margin). EBITDA was -₹0.06 Cr (-15% margin). Revenue has grown at a compounded annual rate of +290% over three years and +2% over five years.
- ₹0.38 CrRevenue · FY 2024 · -7% YoY
- -₹0.06 CrNet loss · -15% margin
- -₹0.06 CrEBITDA · -15% margin
- ₹0.01 CrPaid-up capital
- +290%Revenue CAGR, 3 years
- +2%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Devam Electric Vehicles Private Limited are on its company page.
Buy the company report of Devam Electric Vehicles Private LimitedDetailed financial statements for Devam Electric Vehicles
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Investors in Devam Electric Vehicles
Devam Electric Vehicles has secured backing from 1 investor. Prominent investors backing the company include Lords Automative.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Manufacturer of electric scooters | 2020 | lordsauto.com | Mumbai, India |
Investor details for Devam Electric Vehicles
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Timeline of Devam Electric Vehicles
2 dated milestones of Devam Electric Vehicles across 7 years, from founding to its latest funding, stage changes and deals.
- Devam Electric Vehicles is founded.
- Acquired by Lords Automative.
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.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ticleanmobility.tcc.mode | 2022 | Chennai, India | $519.2M | 530 | Electric three-wheelers are designed, manufactured, and marketed for passenger transport. | |
| 3evi.com | 2019 | Bengaluru, India | $24.6M | 250 | Three-wheel electric vehicles are manufactured along with hyper-local connectivity services. | |
| etomotors.com | 2018 | Hyderabad, India | $15.2M | 109 | Online platform offering electric vehicles and fleet management solutions | |
| montraelectric.com | 2020 | Chennai, India | – | 522 | Electric three-wheelers are manufactured by Montra Electric in India. | |
| gayammotorworks.com | 2010 | Hyderabad, India | $50.0M | 20 | Platform offering electric mobility solutions | |
| atulgreentech.co.in | 2020 | Ahmedabad, India | – | 73 | Electric rickshaws are manufactured and developed by Atul Greentech. | |
| eblu.in | 2019 | Raipur, India | – | 167 | Develops innovative technologies for electric autorickshaws. | |
| indowagen.com | 2013 | Kolkata, India | – | 219 | Produces eco-friendly electric rickshaws and e-carts for transportation needs. |
Detailed competitors of Devam Electric Vehicles
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Latest news on Devam Electric Vehicles
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Frequently Asked Questions about Devam Electric Vehicles
Devam Electric Vehicles was founded in 2014.
Devam Electric Vehicles is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.
Harit Shah is the current CEO of Devam Electric Vehicles.
Annual revenue of Devam Electric Vehicles is $33.66K as on Mar 31, 2022.
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.
Devam Electric Vehicles's top competitors include ETO Motors, TI Clean Mobility and Atul Greentech.
Devam Electric Vehicles has 1 investor. Key investors include Lords Automative.
Devam Electric Vehicles operates through Devam Electric Vehicles Private Limited.
Yes. Devam Electric Vehicles was acquired by Lords Automative in August 2021.
The legal entities of Devam Electric Vehicles currently have 2 directors, including Anurag Kar, Dharmendra Navin Sinha.