About Electrifuel
Electrifuel is a company based in Gurugram (India) founded in 2017 by Ujjwal Bhardwaj, Sumesh Sheoran, Sunil Kumar, and Abhishek Kumar. Electrifuel has raised $443.48 thousand across 2 funding rounds from investors including Sparrow Technologies, Ramakrishna Electro Components and Udayavani. The company has 26 employees as of April 07, 2024. Electrifuel operates in a competitive market with competitors including Eatron, Ion Energy Labs, Electra Vehicles, Williams Advanced Engineering and Breathe Battery Technologies, among others.
- Headquarter Gurugram, India
- Employees 26 as on 07 Apr, 2024
- Founders Ujjwal Bhardwaj, Sumesh Sheoran, Sunil Kumar, Abhishek Kumar
- Stage Minicorn
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Sectors
Transportation, Automotive & LogisticsEnergy & Utilities
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Website
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Social
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- Legal Name Electrifuel Private Limited
- Date of Incorporation 08 Sep, 2017
- Jurisdiction Industrial Complex Dundahera, Haryana, India
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Annual Revenue
$438.61 K (USD)61.22as on Mar 31, 2023
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Net Profit
-$34.91 K (USD)-180.05as on Mar 31, 2023
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EBITDA
-$5.51 K (USD)-636.23as on Mar 31, 2023
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Total Equity Funding
$443.48 K (USD)
in 2 rounds
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Latest Funding Round
$215.64 K (USD), Seed
May 01, 2024
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Investors
Sparrow Technologies
& 52 more
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Employee Count
26
as on Apr 07, 2024
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Funding Insights of Electrifuel
Electrifuel has successfully raised a total of $443.48K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $215.64 thousand completed in May 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.
Investors in Electrifuel
Electrifuel has secured backing from 53 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include Sparrow Technologies, Ramakrishna Electro Components and Udayavani.
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Angel investor network investing in early-stage startups
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Kannada language daily newspaper operating in Karnataka
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High-precision injection moulded components and assemblies are manufactured.
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Investor details for Electrifuel
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Investments & Acquisitions by Electrifuel
Investment portfolio details for Electrifuel
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Financial Statements - Electrifuel
Detailed financials for Electrifuel
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Electrifuel Comparisons
Peer comparison for Electrifuel
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Competitors of Electrifuel
Electrifuel 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 Eatron, Ion Energy Labs, Electra Vehicles, Williams Advanced Engineering and Breathe Battery Technologies, among others.
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AI-enabled battery management and motion control systems are developed.
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Battery intelligence platform for utility-scale energy storage systems is developed.
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Battery management systems for electric vehicles are developed and provided.
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Battery management systems for electric vehicles are provided.
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Physics-based battery management software is developed for batteries.
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Battery management systems are developed for modular lithium battery packs.
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Detailed competitors of Electrifuel
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Latest news on Electrifuel
Complete news archive for Electrifuel
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Frequently Asked Questions about Electrifuel
Electrifuel was founded in 2017 and raised its 1st funding round 5 years after it was founded.
Electrifuel is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Ujjwal Bhardwaj is the current CEO of Electrifuel. They have also founded this company.
Electrifuel is a funded company, having raised a total of $443.48K across 2 funding rounds to date.
As of Apr 07, 2024, the latest employee count at Electrifuel is 26.
Annual revenue of Electrifuel is $438.61K as on Mar 31, 2023.
Electrifuel was founded in 2017 and is based in Gurugram, India. Solutions for electric vehicles and battery management are offered through a platform that includes smart battery management systems with essential and advanced features. Telematics for vehicle connectivity is provided, along with smart chargers designed for efficient charging. Software stacks enable configuration, tracking, and monitoring of battery data in the EV sector.
Electrifuel's top competitors include Eatron, Breathe Battery Technologies and Brill Power.
Electrifuel has 53 investors. Key investors include Sparrow Technologies, Ramakrishna Electro Components, Udayavani, Vishnuraj Kunjur, and Sahil Kejriwal.
The valuation of Electrifuel is $1.4M as of Aug 2022.