About Elecnovo
Elecnovo is a Transportation, Automotive & Logistics company based in Bengaluru (India) founded in 2018 by Ratul Borah. Design, development, and supply of efficient reliable electric motors controllers for electric vehicles. Elecnovo has raised $771.05 thousand across 2 funding rounds from investors including Sk and Fl Investment and NETVIGATOR. Elecnovo was last valued at $2.91 million in December 2021. Its chief executive, as recorded, is Ratul Borah. Its Indian entity Elecnovo Private Limited reported revenue of ₹82.2 Lakh. Its focus areas include Auto, Auto Components, Powertrain System and Electric Vehicles. Its competitors include Chara, TSUYO and Revoh; 3 of its 3 listed competitors have raised funding.
Company details
Elecnovo was founded in 2018 in Bengaluru, India, with operations centered on the electric vehicle sector. Electric motors and controllers are designed, developed, and supplied to support vehicle efficiency and reliability. The company maintains a presence through its domain elecnovo.com, led by co-founder and CEO Ratul Borah. Focus remains on core components for EV applications in the Indian market.
- Headquarters Bengaluru, India
- Founders Ratul Borah
- Stage Minicorn
- SectorsTransportation, Automotive & Logistics
- Email••••••••
- Phone•••• ••••
- Website elecnovo.com
- Social LinkedIn Facebook
- Legal Name Elecnovo Private Limited
- Date of Incorporation 09 Mar, 2018
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹82.2 Lakh
FY 2024 · +262% YoY
- Net Loss-₹35.5 Lakh
FY 2024 · -43% margin
- EBITDA-₹29.6 Lakh
FY 2024 · -36% margin
- Total Equity Funding$771.05K (USD)
in 2 rounds
- Latest Funding Round$574.82K (USD), Seed
Dec 2021
- InvestorsNETVIGATOR
& 1 more
Associated legal entities of Elecnovo
Elecnovo operates through Elecnovo 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 | Company page |
|---|---|---|---|---|---|---|---|
| Elecnovo Private Limited CIN U74999KA2018PTC110936 | Active | 09 Mar 2018 | Bangalore, Karnataka | ₹0.8 Cr | 3 | View details |
Funding Insights of Elecnovo
Elecnovo has successfully raised a total of $771.05K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $574.82 thousand completed in December 2021. 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 $771,045
- Total Rounds 2
- Last Round Seed — $574,824
- First Round $196,221
(Dec 2019)
- Investors Count 2
All 2 funding rounds of Elecnovo with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2021 | $574,824 | Seed | $2.91M | Sk and Fl Investment | – |
| Dec 2019 | $196,221 | Seed | $1.24M | NETVIGATOR | – |
| Date | Valuation | Stage |
|---|---|---|
| Dec 2021 | $2.91M | •••••••• |
| Dec 2019 | $1.24M | •••••••• |
Last known valuation $2.91M (Dec 2021). 2 investors in total: 2 institutional.
Investors in Elecnovo
Elecnovo has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Sk and Fl Investment and NETVIGATOR.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
| 1996 | netvigator.com | Hong Kong, China |
Investor details for Elecnovo
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Elecnovo Private Limited (Elecnovo)
Elecnovo Private Limited is the primary company behind Elecnovo. The board of Elecnovo Private Limited currently have 3 directors; the longest-serving is Santanoo Medhi, appointed in 2018. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Santanoo Medhi DIN 03066413 | Director | 09 Mar 2018 | 8 yrs 8 mo | Elecnovo Private Limited |
| Ratul Chandra Borah DIN 07531976 | Director | 09 Mar 2018 | 8 yrs 8 mo | Elecnovo Private Limited |
| Diganta Madhab Borah DIN 07772944 | Director | 02 Dec 2019 | 6 yrs 11 mo | Elecnovo Private Limited |
People of Elecnovo
1 people are tracked at Elecnovo (1 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder & CEO | Leadership |
Complete people profiles for Elecnovo
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Elecnovo
Figures of Elecnovo Private Limited, the primary company behind Elecnovo, for FY 2024. Revenue was ₹82.2 Lakh (+262% year on year). Net loss was -₹35.5 Lakh (-43% margin). EBITDA was -₹29.6 Lakh (-36% margin). Revenue has grown at a compounded annual rate of +216% over three years.
- ₹82.2 LakhRevenue · FY 2024 · +262% YoY
- -₹35.5 LakhNet loss · -43% margin
- -₹29.6 LakhEBITDA · -36% margin
- ₹3 LakhPaid-up capital
- +216%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Elecnovo Private Limited are on its company page.
Detailed financial statements for Elecnovo
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Elecnovo
4 dated milestones of Elecnovo across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Elecnovo is founded.
- Funding First funding round of $196K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $575K.
Competitors of Elecnovo
Elecnovo has 3 listed competitors in our database, 3 of them funded. They include Chara, TSUYO and Revoh.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| chara.co.in | 2019 | Bengaluru, India | $11.86M | 75 | Manufacturer of motors for electric vehicles | |
| tsuyo.co.in | 2020 | Delhi, India | $4.5M | 29 | BDLC motors and controllers for electric three-wheelers are developed. | |
| revoh.in | 2017 | Chennai, India | $637,096 | 24 | End-to-end hardware and software solutions for electric vehicles are provided. |
Detailed competitors of Elecnovo
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Elecnovo
Websites that share an audience with Elecnovo (elecnovo.com).
Websites whose visitors overlap most with Elecnovo. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| revoh.in | 100% | View details | |||
| narenelectrix.in | 84% | #5,627,673 | View details | ||
electropneumatics.com | electropneumatics.com | 84% | – | ||
jcindustries.co.in | jcindustries.co.in | 81% | – | ||
| amtechelectronics.com | 75% | #3,421,434 | View details |
Top companies in Electric & Green Mobility
3 companies that operate in the same segment as Elecnovo (Electric & Green Mobility) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
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 37.93 M | 401 | |
Manufacturer of electric scooters, charging infrastructure, smart helmets, and accessories | 2013 | Bengaluru, Karnataka, India | USD 502.02 M | USD 391.37 M | 1,917 |
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Frequently Asked Questions about Elecnovo
Elecnovo was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Elecnovo is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Ratul Borah is the CEO of Elecnovo, as recorded in our data. They have also founded this company.
Elecnovo is a funded company, having raised a total of $771.05K across 2 funding rounds to date. The company's 1st funding round was a Seed of $196.22K, raised on Dec 2019.
The primary company behind Elecnovo, Elecnovo Private Limited, reported revenue of ₹82.2 Lakh for FY 2024, up 262% year on year.
Elecnovo was founded in 2018 in Bengaluru, India, with operations centered on the electric vehicle sector. Electric motors and controllers are designed, developed, and supplied to support vehicle efficiency and reliability. The company maintains a presence through its domain elecnovo.com, led by co-founder and CEO Ratul Borah. Focus remains on core components for EV applications in the Indian market.
Elecnovo has 2 investors. Key investors include Sk and Fl Investment, and NETVIGATOR.
The valuation of Elecnovo is $2.91M as of Dec 2021.
Elecnovo operates through Elecnovo Private Limited.
The legal entities of Elecnovo currently have 3 directors, including Diganta Madhab Borah, Santanoo Medhi, Ratul Chandra Borah.