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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Email
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Phone
*********
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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.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Seed — $215,638
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First Round
First Round
(04 Aug 2022)
- Investors Count 53
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2024 | Amount | Seed - Electrifuel | Valuation | Ramakrishna Electro Components |
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| Aug, 2022 | Amount | Seed - Electrifuel | Valuation | Vishnuraj Kunjur , Sahil Kejriwal |
| 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 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. 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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Angel investor network investing in early-stage startups
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Founded Year | Domain | Location | |
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Kannada language daily newspaper operating in Karnataka
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Founded Year | Domain | Location | |
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High-precision injection moulded components and assemblies are manufactured.
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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 Electrifuel
| 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 - Electrifuel
| 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 |
Electrifuel Comparisons
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. 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 |
AI-enabled battery management and motion control systems are developed.
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| 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 systems for electric vehicles are developed and provided.
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| domain | founded_year | HQ Location |
Battery management systems for electric vehicles are provided.
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| domain | founded_year | HQ Location |
Physics-based battery management software is developed for batteries.
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| domain | founded_year | HQ Location |
Battery management systems are developed for modular lithium battery packs.
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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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Frequently Asked Questions about Electrifuel
When was Electrifuel founded?
Electrifuel was founded in 2017 and raised its 1st funding round 5 years after it was founded.
Where is Electrifuel located?
Electrifuel is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Who is the current CEO of Electrifuel?
Ujjwal Bhardwaj is the current CEO of Electrifuel. They have also founded this company.
Is Electrifuel a funded company?
Electrifuel is a funded company, having raised a total of $443.48K across 2 funding rounds to date. The company's 1st funding round was a Seed of $227.84K, raised on Aug 04, 2022.
How many employees does Electrifuel have?
As of Apr 07, 2024, the latest employee count at Electrifuel is 26.
What is the annual revenue of Electrifuel?
Annual revenue of Electrifuel is $438.61K as on Mar 31, 2023.
What does Electrifuel do?
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.
Who are the top competitors of Electrifuel?
Electrifuel's top competitors include Eatron, Breathe Battery Technologies and Brill Power.
Who are Electrifuel's investors?
Electrifuel has 53 investors. Key investors include Sparrow Technologies, Ramakrishna Electro Components, Udayavani, Vishnuraj Kunjur, and Sahil Kejriwal.
What is Electrifuel's valuation?
The valuation of Electrifuel is $1.4M as of Aug 2022.