About Electra EV
Electra EV is a company based in Pune (India) founded in 2017 by Ratan N Tata. Electra EV has raised $25 million across 1 funding round from investors including GEF Capital Partners. The company has 152 employees as of April 08, 2024. Electra EV offers products and services including Battery Packs, Traction Units, On Board Charger, Vehicle Control Unit, and Telematics. Electra EV operates in a competitive market with competitors including IRP Systems, Vitesco Technologies, Hexagon Purus, Equipmake and eLeapPower, among others.
- Headquarter Pune, India
- Employees 152 as on 08 Apr, 2024
- Founders Ratan N Tata
- Stage Minicorn
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Sectors
Transportation, Automotive & Logistics
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Phone
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Website
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Social
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- Legal Name Electrodrive Powertrain Solutions Private Limited
- Date of Incorporation 25 Jul, 2017
- Jurisdiction Palladam, Tamil Nadu, India
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Annual Revenue
$34.13 M (USD)196.2as on Mar 31, 2023
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Net Profit
$452.29 K (USD)-53.21as on Mar 31, 2023
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EBITDA
$146.09 K (USD)-89.63as on Mar 31, 2023
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Total Equity Funding
$25 M (USD)
in 1 rounds
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Latest Funding Round
$25 M (USD), Series B
Oct 27, 2022
- Investors
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Employee Count
152
as on Apr 08, 2024
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Products & Services of Electra EV
Electra EV offers a comprehensive portfolio of products and services, including Battery Packs, Traction Units, On Board Charger, Vehicle Control Unit, and Telematics.
Lithium-Ion packs for electric vehicles with intelligent BMS.
Motors and controllers for high-performance EV applications.
Efficient chargers compatible with Indian grid conditions.
Units for safe and reliable vehicle management systems.
Devices for fleet monitoring and data analysis.
People of Electra EV
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Funding Insights of Electra EV
Electra EV has successfully raised a total of $25M through 1 strategic funding round. The most recent funding activity was a Series B round of $25 million completed in October 2022. 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 Electra EV
Electra EV has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include GEF Capital Partners.
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Clean energy infrastructure investments are managed by the fund.
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Investor details for Electra EV
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Investments & Acquisitions by Electra EV
Investment portfolio details for Electra EV
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- Transaction dates
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Financial Statements - Electra EV
Detailed financials for Electra EV
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- Profit trends
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Electra Ev Comparisons
Peer comparison for Electra EV
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Competitors of Electra EV
Electra EV 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 IRP Systems, Vitesco Technologies, Hexagon Purus, Equipmake and eLeapPower, among others.
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Software-defined electric powertrain systems for micromobility are provided.
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Developer of powertrain system for multi-category vehicles
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Hydrogen-based batteries and systems for electric vehicles are manufactured.
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Electronic equipment is designed and developed for powertrain components.
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Powertrain systems for multi-category electric vehicles are developed.
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Electric powertrain systems with motor technology are developed and manufactured.
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Detailed competitors of Electra EV
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Latest news on Electra Ev
Complete news archive for Electra EV
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Frequently Asked Questions about Electra EV
Electra EV was founded in 2017 and raised its 1st funding round 5 years after it was founded.
Electra EV is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
Samir Yajnik is the current CEO of Electra EV.
Electra EV is a funded company, having raised a total of $25M across 1 funding round to date.
As of Apr 08, 2024, the latest employee count at Electra EV is 152.
Annual revenue of Electra EV is $34.13M as on Mar 31, 2023.
Electra EV was founded in 2017 in Pune, India, within the electric vehicle sector. Powertrain solutions, battery systems, and control systems are developed, with traction units, battery packs, onboard chargers, and vehicle control units designed and manufactured. Telematics services, traction system design, prototyping, and homologation readiness are provided, alongside after-sales service and diagnostics. Operations emphasize practical product creation.
Electra EV's top competitors include IRP Systems, Hexagon Purus and Equipmake.
Electra EV offers Battery Packs, Traction Units, On Board Charger, Vehicle Control Unit, and Telematics.
Electra EV has 1 investor. Key investors include GEF Capital Partners.
The valuation of Electra EV is $182.16M as of Oct 2022.