About DEVOT Motors
DEVOT Motors is a Transportation, Automotive & Logistics company based in Jodhpur (India) by Kapil Deo Panwar, Devashish Panwar, Varun Deo Panwar, and Shyam Lal Panwar. Devot Motors produces electric motorcycles with advanced features for eco-friendly riding. It operates on a D2C model. Its chief executive is Devashish Panwar. Its Indian entity Devot Motors Private Limited reported revenue of ₹9.4 Lakh. DEVOT Motors offers products and services including Electric Motorcycle. Its focus areas include Consumer, Sustainable Tech, Urban Mobility and Eco-Friendly Transport. Its competitors include Ultraviolette, Oben Electric, Tork Motors, Motovolt and Orxa Energies and 3 more; 8 of its 8 listed competitors have raised funding.
Company details
Devot Motors manufactures electric motorcycles focused on innovation, quality, and technology to address climate change. Their vehicles use Lithium Iron Phosphate batteries for safety and long life, charging in three hours via an on-board charger. Offering speeds up to 120 kmph and a range of 200 km, they provide efficient, comfortable rides. Drawing from British and Indian expertise, the company promotes sustainable mobility through direct consumer access.
- Headquarters Jodhpur, India
- Founders Kapil Deo Panwar, Devashish Panwar, Varun Deo Panwar, Shyam Lal Panwar
- SectorsTransportation, Automotive & Logistics
- Website devotmotors.com
- Social LinkedIn Facebook Instagram
- Legal Name Devot Motors Private Limited
- Date of Incorporation 25 Oct, 2019
- Jurisdiction Jodhpur, Rajasthan, India
- Annual Revenue₹9.4 Lakh
FY 2025 · -57% YoY
- Net Loss-₹9.9 Lakh
FY 2025 · -105% margin
- EBITDA-₹8.5 Lakh
FY 2025 · -90% margin
Associated legal entities of DEVOT Motors
DEVOT Motors operates through Devot Motors 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 |
|---|---|---|---|---|---|---|---|
| Devot Motors Private Limited CIN U35999RJ2019PTC066783 | Active | 25 Oct 2019 | Jodhpur, Rajasthan | ₹0.1 Cr | – | 2 | View details |
Products & Services of DEVOT Motors
DEVOT Motors offers a comprehensive portfolio of products and services, including Electric Motorcycle.
Provides high-performance electric bikes for eco-friendly urban commuting.
Board of directors of Devot Motors Private Limited (DEVOT Motors)
Devot Motors Private Limited is the primary company behind DEVOT Motors. The board of Devot Motors Private Limited currently have 2 directors; the longest-serving is Varun Deo Panwar, appointed in 2019. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Varun Deo Panwar DIN 05200252 | Director | 25 Oct 2019 | 6 yrs 11 mo | Devot Motors Private Limited |
| Shyam Lal Panwar DIN 06558329 | Director | 25 Oct 2019 | 6 yrs 11 mo | Devot Motors Private Limited |
People of DEVOT Motors
4 people are tracked at DEVOT Motors (4 in leadership).
| Name | Role | Group |
|---|---|---|
| Founder | Leadership | |
Devashish Panwar | Co-Founder, CEO | Leadership |
| Founder, CEO | Leadership | |
| Co-Founder | Leadership |
Complete people profiles for DEVOT Motors
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Financials of DEVOT Motors
Figures of Devot Motors Private Limited, the primary company behind DEVOT Motors, for FY 2025. Revenue was ₹9.4 Lakh (-57% year on year). Net loss was -₹9.9 Lakh (-105% margin). EBITDA was -₹8.5 Lakh (-90% margin). Revenue has grown at a compounded annual rate of +52% over three years.
- ₹9.4 LakhRevenue · FY 2025 · -57% YoY
- -₹9.9 LakhNet loss · -105% margin
- -₹8.5 LakhEBITDA · -90% margin
- ₹10 LakhPaid-up capital
- +52%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Devot Motors Private Limited are on its company page.
Detailed financial statements for DEVOT Motors
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Competitors of DEVOT Motors
DEVOT Motors has 8 listed competitors in our database, 8 of them funded. They include Ultraviolette, Oben Electric, Tork Motors, Motovolt and Orxa Energies, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ultraviolette.com | 2016 | Bengaluru, India | $103.97M | 358 | High-performance electric motorcycles for street and sports use are engineered. | |
| obenelectric.com | 2020 | Bengaluru, India | $27.36M | 198 | Electric motorcycles and components are designed and manufactured. | |
| torkmotors.com | 2010 | Pimpri Chinchwad, India | $10.2M | 209 | Electric motorcycles with GPS trackers are manufactured by Tork Motors. | |
| motovolt.co | 2019 | Kolkata, India | $1.92M | 315 | Electric bicycles with advanced features are developed by Motovolt. | |
| orxaenergies.com | 2015 | Bengaluru, India | $5.73M | 2 | Electric motorcycles with swappable batteries are manufactured by Orxa Energies. | |
| raptee.com | 2018 | Chennai, India | $3.76M | – | Manufacturing of high voltage electric motorcycles in India. | |
| 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 DEVOT Motors
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Web traffic of DEVOT Motors
The website of DEVOT Motors (devotmotors.com) receives about 1.7K visits a month.
- Monthly visits1.7K
▲ 59.3% vs previous month
Top companies in Electric & Green Mobility
10 companies that operate in the same segment as DEVOT Motors (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 M | USD 244.66 M | 953 | |
Electric kick-scooters are rented through an app-based platform. | 2017 | San Francisco, California, United States | USD 1.4 B | – | 2,813 | |
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 | |
App-based platform offering electric kick scooter rental services | 2018 | Amsterdam, Netherlands | USD 211.85 M | – | – | |
Utility bill management platform is provided for tracking and billing. | 2015 | London, England, United Kingdom | USD 2.81 B | USD 17.62 K | 5,752 | |
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 | 418 | |
Multi-category electric vehicles are manufactured for diverse applications. | 1999 | Bedford, United States | USD 101.78 M | – | – |
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Related news about Devot Motors
Complete news archive for DEVOT Motors
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Frequently Asked Questions about DEVOT Motors
DEVOT Motors is headquartered in Jodhpur, India. It is registered at Jodhpur, Rajasthan, India.
Devashish Panwar is the current CEO of DEVOT Motors. They have also founded this company.
The primary company behind DEVOT Motors, Devot Motors Private Limited, reported revenue of ₹9.4 Lakh for FY 2025, down 57% year on year.
Devot Motors manufactures electric motorcycles focused on innovation, quality, and technology to address climate change. Their vehicles use Lithium Iron Phosphate batteries for safety and long life, charging in three hours via an on-board charger. Offering speeds up to 120 kmph and a range of 200 km, they provide efficient, comfortable rides. Drawing from British and Indian expertise, the company promotes sustainable mobility through direct consumer access.
DEVOT Motors's top competitors include Ultraviolette, Oben Electric and Tork Motors.
DEVOT Motors offers Electric Motorcycle.
DEVOT Motors operates through Devot Motors Private Limited.
The legal entities of DEVOT Motors currently have 2 directors, including Varun Deo Panwar, Shyam Lal Panwar.