About Elecnovo
Elecnovo is a company based in Bengaluru (India) founded in 2018 by Ratul Borah. Elecnovo has raised $771.05 thousand across 2 funding rounds from investors including Sk and Fl Investment and NETVIGATOR. Elecnovo operates in a competitive market with competitors including Ziehl-Abegg, Chara, TSUYO, Linear Labs and Revoh, among others.
- Headquarter Bengaluru, India
- Founders Ratul Borah
- 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 Elecnovo Private Limited
- Date of Incorporation 09 Mar, 2018
- Jurisdiction Bangalore South, Karnataka, India
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Annual Revenue
$40.18 K (USD)0as on Mar 31, 2020
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Net Profit
$15.28 K (USD)170.9as on Mar 31, 2020
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EBITDA
-$20.42 K (USD)-3.47as on Mar 31, 2020
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Total Equity Funding
$771.05 K (USD)
in 2 rounds
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Latest Funding Round
$574.82 K (USD), Seed
Dec 29, 2021
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Investors
Sk and Fl Investment
& 1 more
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Employee Count
Not available
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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.
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.
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Investor details for Elecnovo
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Investments & Acquisitions by Elecnovo
Investment portfolio details for Elecnovo
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Financial Statements - Elecnovo
Detailed financials for Elecnovo
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Elecnovo Comparisons
Peer comparison for Elecnovo
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Competitors of Elecnovo
Elecnovo 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 Ziehl-Abegg, Chara, TSUYO, Linear Labs and Revoh, among others.
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Automotive motors are manufactured by Ziehl-Abegg in Germany.
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Manufacturer of motors for electric vehicles
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BDLC motors and controllers for electric three-wheelers are developed.
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Developer of electric motors for EVs
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End-to-end hardware and software solutions for electric vehicles are provided.
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Electric motors for diverse electric vehicles are developed.
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Detailed competitors of Elecnovo
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Latest news on Elecnovo
Complete news archive for Elecnovo
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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 current CEO of Elecnovo. They have also founded this company.
Elecnovo is a funded company, having raised a total of $771.05K across 2 funding rounds to date.
Annual revenue of Elecnovo is $40.18K as on Mar 31, 2020.
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's top competitors include TSUYO, Zepco Technologies and Linear Labs.
Elecnovo has 2 investors. Key investors include Sk and Fl Investment, and NETVIGATOR.
The valuation of Elecnovo is $2.91M as of Dec 2021.