About Electra Vehicles
Electra Vehicles is a company based in Boston (United States) founded in 2015 by Fabrizio Martini.. Electra Vehicles has raised $24.6 million across 3 funding rounds from investors including Blackberry, MassCEC and Liftt. Electra Vehicles offers products and services including EnPower, EVE-Ai Battery Fleet Analytics, EVE-Ai EAGLE Battery Pass, EVE-Ai Intelligent Display, and EVE-Ai 360 Adaptive Controls. Electra Vehicles operates in a competitive market with competitors including Ion Energy Labs, Qnovo, Eatron, Brill Power and ViriCiti, among others.
- Headquarter Boston, United States
- Founders Fabrizio Martini
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Sectors
Transportation, Automotive & LogisticsTechnology Energy & Utilities
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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 Electra Vehicles, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$24.6 M (USD)
in 3 rounds
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Latest Funding Round
$21 M (USD), Series A
Feb 22, 2023
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Investors
Blackberry
& 10 more
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Employee Count
Employee Count
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Acquired by
(Jun 14, 2024)
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Products & Services of Electra Vehicles
Electra Vehicles offers a comprehensive portfolio of products and services, including EnPower, EVE-Ai Battery Fleet Analytics, EVE-Ai EAGLE Battery Pass, EVE-Ai Intelligent Display, and EVE-Ai 360 Adaptive Controls. 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.
Software for designing and simulating battery packs with AI.
Platform to monitor and analyze battery performance in real-time.
Solution for enhancing compliance with battery regulations and standards.
Display for real-time insights on vehicle battery health and range.
AI algorithms for optimizing onboard battery management systems.
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Funding Insights of Electra Vehicles
Electra Vehicles has successfully raised a total of $24.6M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $21 million completed in February 2023. 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 3
- Last Round Series A — $21.0M
- First Round First Round
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2023 | Amount | Series A - Electra Vehicles | Valuation | United Ventures | |
| May, 2021 | Amount | Seed - Electra Vehicles | Valuation | LIFTT , Blackberry | |
| Nov, 2016 | Amount | Grant - Electra Vehicles | Valuation |
investors |
| 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 Electra Vehicles
Electra Vehicles has secured backing from 11 investors, including venture fund and institutional investors. Prominent investors backing the company include Blackberry, MassCEC and Liftt. 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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Investments are directed toward early-growth SaaS and digital companies.
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Founded Year | Domain | Location | |
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Venture capital firm focused on multiple sectors
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Founded Year | Domain | Location | |
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A network of business angels investing in innovative companies is operated.
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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 Electra Vehicles
| 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 - Electra Vehicles
| 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 |
Electra Vehicles Comparisons
Competitors of Electra Vehicles
Electra Vehicles 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 Ion Energy Labs, Qnovo, Eatron, Brill Power and ViriCiti, 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 |
Battery intelligence platform for utility-scale energy storage systems is developed.
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| domain | founded_year | HQ Location |
Battery management software is developed for e-mobility applications.
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| domain | founded_year | HQ Location |
AI-enabled battery management and motion control systems are developed.
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| domain | founded_year | HQ Location |
Battery management systems are developed for modular lithium battery packs.
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| domain | founded_year | HQ Location |
Cloud-based energy management and analytics solutions provider for electric buses and trucks
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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 Electra Vehicles
Frequently Asked Questions about Electra Vehicles
When was Electra Vehicles founded?
Electra Vehicles was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is Electra Vehicles located?
Electra Vehicles is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Who is the current CEO of Electra Vehicles?
Fabrizio Martini is the current CEO of Electra Vehicles. They have also founded this company.
Is Electra Vehicles a funded company?
Electra Vehicles is a funded company, having raised a total of $24.6M across 3 funding rounds to date.
What does Electra Vehicles do?
Electra Vehicles was founded in 2015 in Boston, United States, focusing on the electric vehicle sector. A platform for battery management systems is operated, with features including battery monitoring, performance analysis, fleet analytics, and control management. These services support vehicle operations and data-driven insights for fleets. The company is led by co-founder and CEO Fabrizio Martini, serving the automotive technology industry.
Who are the top competitors of Electra Vehicles?
Electra Vehicles's top competitors include Eatron, Breathe Battery Technologies and Brill Power.
What products or services does Electra Vehicles offer?
Electra Vehicles offers EnPower, EVE-Ai Battery Fleet Analytics, EVE-Ai EAGLE Battery Pass, EVE-Ai Intelligent Display, and EVE-Ai 360 Adaptive Controls.
Who are Electra Vehicles's investors?
Electra Vehicles has 11 investors. Key investors include Blackberry, MassCEC, Liftt, United Ventures, and Club degli Investitori.
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