About eBik
eBik is a company based in Delhi (India) founded in 2017 by Mangla Jain and Anant Jain.. eBik has raised $529.94 thousand across 5 funding rounds from investors including FedEx, LetsVenture and Social Alpha. eBik offers products and services including eBik Smart, eBik Speed, and eBik Cargo. eBik operates in a competitive market with competitors including EMotorad, Hornback, VAAN, GHM and Magnes, among others.
- Headquarter Delhi, India
- Founders Mangla Jain, Anant Jain
- Stage Minicorn
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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 Accelero Vehicles India Private Limited
- Date of Incorporation 06 Jul, 2017
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
$135.22 K (USD)394.27as on Mar 31, 2023
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Net Profit
$-43.3 K (USD)-149.53as on Mar 31, 2023
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EBITDA
$-74.97 K (USD)-187.58as on Mar 31, 2023
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Total Equity Funding
$529.94 K (USD)
in 5 rounds
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Latest Funding Round
$118.93 K (USD), Seed
Oct 25, 2024
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Investors
FedEx
& 9 more
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Employee Count
Employee Count
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Products & Services of eBik
eBik offers a comprehensive portfolio of products and services, including eBik Smart, eBik Speed, and eBik Cargo. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Converts regular cycles to electric for easier commuting
High-performance electric bicycle for personal transport
Electric bicycle designed for delivery and cargo needs
Funding Insights of eBik
eBik has successfully raised a total of $529.94K across 5 strategic funding rounds. The most recent funding activity was a Seed round of $118.93 thousand completed in October 2024. 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 Total Funding
- Total Rounds 5
- Last Round Seed — $118,933
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First Round
First Round
(06 Jan 2022)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2024 | Amount | Seed - eBik | Valuation | Social Alpha |
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| Jul, 2024 | Amount | Seed - eBik | Valuation | SELCO Energy Access Fund | |
| May, 2023 | Amount | Seed - eBik | Valuation | Social Alpha |
| 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 |
Investors in eBik
eBik has secured backing from 10 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include FedEx, LetsVenture and Social Alpha. 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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Sustainable startups are supported via innovation curation and venture funding.
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Founded Year | Domain | Location | |
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Provider of logistics company offering package tracking, rates, and tools to support shippers and small businesses
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Founded Year | Domain | Location | |
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Online platform that connects startup founders with accredited investors, enabling early-stage fundraising and investment opportunities for private market growth
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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 eBik
| 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 - eBik
| 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 |
Ebik Comparisons
Competitors of eBik
eBik 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 EMotorad, Hornback, VAAN, GHM and Magnes, 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 bicycles and e-bikes are offered via an online platform.
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| domain | founded_year | HQ Location |
Foldable electric bicycles are provided by Hornback platform.
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| domain | founded_year | HQ Location |
Electric bicycles with removable batteries are manufactured by VAAN.
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| domain | founded_year | HQ Location |
Electric bicycles are designed, manufactured, and sold by GHM.
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| domain | founded_year | HQ Location |
Electric bicycles and vehicles are manufactured in Mumbai, India.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Latest news on Ebik
Frequently Asked Questions about eBik
When was eBik founded?
eBik was founded in 2017 and raised its 1st funding round 5 years after it was founded.
Where is eBik located?
eBik is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Who is the current CEO of eBik?
Anant Jain is the current CEO of eBik. They have also founded this company.
Is eBik a funded company?
eBik is a funded company, having raised a total of $529.94K across 5 funding rounds to date.
What is the annual revenue of eBik?
Annual revenue of eBik is $135.22K as on Mar 31, 2023.
What does eBik do?
eBik was founded in 2017 in Delhi, India, within the electric vehicle sector. Electric bicycles are produced by the company, incorporating battery indicators, front and rear reflectors, throttle assist, BLDC motors, and options for pedal, electric, and pedelec modes. Operations center on delivering economical mobility solutions and efficient transit in urban settings. The firm is led by co-founder Mangla Jain and founder Anant Jain.
What products or services does eBik offer?
eBik offers eBik Smart, eBik Speed, and eBik Cargo.
Who are eBik's investors?
eBik has 10 investors. Key investors include FedEx, LetsVenture, Social Alpha, Gaurav Dangwal, and Aditi Prakash.
What is eBik's valuation?
The valuation of eBik is $1.28M as of Jul 2024.