About ElectricPe
ElectricPe is a company based in Bengaluru (India) founded in 2021 by Avinash Sharma and Raghav Rohila.. ElectricPe has raised $11.42 million across 8 funding rounds from investors including Green Frontier Capital, Supermorpheus and Relentless Ventures. The company has 110 employees as of April 02, 2024. ElectricPe offers products and services including ElectricPe App, Mobility Centres, Charging Subscription, and Test Ride Service. ElectricPe operates in a competitive market with competitors including Ultraviolette, Oben Electric, Tork Motors, Greaves Electric Mobility and Motovolt, among others.
- Headquarter Bengaluru, India
- Employees 110 as on 02 Apr, 2024
- Founders Avinash Sharma, Raghav Rohila
- 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 Wattapp Technologies Private Limited
- Date of Incorporation 20 May, 2021
- Jurisdiction Bangalore South, Karnataka, India
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Annual Revenue
$80.56 K (USD)47975.54as on Mar 31, 2023
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Net Profit
$-1.33 M (USD)-474.93as on Mar 31, 2023
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EBITDA
$-1.28 M (USD)-599.57as on Mar 31, 2023
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Total Equity Funding
$11.42 M (USD)
in 8 rounds
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Latest Funding Round
$3 M (USD), Seed
Jul 30, 2024
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Investors
Green Frontier Capital
& 77 more
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Employee Count
110
as on Apr 02, 2024
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Products & Services of ElectricPe
ElectricPe offers a comprehensive portfolio of products and services, including ElectricPe App, Mobility Centres, Charging Subscription, and Test Ride Service. 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.
App for EV charging, test rides, and purchases.
Locations for EV test drives and sales.
One-year free access to EV charging network.
Free or low-cost home and showroom test rides.
Funding Insights of ElectricPe
ElectricPe has successfully raised a total of $11.42M across 8 strategic funding rounds. The most recent funding activity was a Seed round of $3 million completed in July 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 8
- Last Round Seed — $3.0M
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First Round
First Round
(07 Jul 2021)
- Investors Count 78
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2024 | Amount | Seed - ElectricPe | Valuation | Green Frontier Capital , Blume Ventures | |
| Jun, 2024 | Amount | Seed - ElectricPe | Valuation |
investors |
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| Oct, 2022 | Amount | Seed - ElectricPe | Valuation | Green Frontier Capital , Blume Ventures |
| 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 ElectricPe
ElectricPe has secured backing from 78 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Green Frontier Capital, Supermorpheus and Relentless Ventures. 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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Venture capital firm investing in sustainable finance and climate tech industries.
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Founded Year | Domain | Location | |
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Seed and early-stage investments are made across sectors in India.
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Founded Year | Domain | Location | |
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Seed fund VC firm investing in EV ecosystem
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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 ElectricPe
| 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 - ElectricPe
| 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 |
Electricpe Comparisons
Competitors of ElectricPe
ElectricPe 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 Ultraviolette, Oben Electric, Tork Motors, Greaves Electric Mobility and Motovolt, 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 |
High-performance electric motorcycles for street and sports use are engineered.
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| domain | founded_year | HQ Location |
Electric motorcycles and components are designed and manufactured.
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| domain | founded_year | HQ Location |
Electric motorcycles with GPS trackers are manufactured by Tork Motors.
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| domain | founded_year | HQ Location |
Manufacturer of electric two and three-wheelers for personal and commercial use
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| domain | founded_year | HQ Location |
Electric bicycles with advanced features are developed by Motovolt.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Electricpe
Frequently Asked Questions about ElectricPe
When was ElectricPe founded?
ElectricPe was founded in 2021.
Where is ElectricPe located?
ElectricPe is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of ElectricPe?
Avinash Sharma is the current CEO of ElectricPe. They have also founded this company.
Is ElectricPe a funded company?
ElectricPe is a funded company, having raised a total of $11.42M across 8 funding rounds to date. The company's 1st funding round was a Seed of $5M, raised on Jul 07, 2021.
How many employees does ElectricPe have?
As of Apr 02, 2024, the latest employee count at ElectricPe is 110.
What is the annual revenue of ElectricPe?
Annual revenue of ElectricPe is $80.56K as on Mar 31, 2023.
What does ElectricPe do?
ElectricPe was founded in 2021 in Bengaluru, India, within the electric vehicle sector. Purchases of multi-brand electric vehicles from various manufacturers are facilitated, including financing options and home delivery. A network of charging stations is operated across regions, with subscription services offered for access. Test rides are arranged at showrooms and customer homes to support adoption.
Who are the top competitors of ElectricPe?
ElectricPe's top competitors include Ultraviolette, Oben Electric and Tork Motors.
What products or services does ElectricPe offer?
ElectricPe offers ElectricPe App, Mobility Centres, Charging Subscription, and Test Ride Service.
Who are ElectricPe's investors?
ElectricPe has 78 investors. Key investors include Green Frontier Capital, Supermorpheus, Relentless Ventures, Blume Ventures, and Micelio.
What is ElectricPe's valuation?
The valuation of ElectricPe is $52.11M as of Jul 2024.
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